The Chesapeake Marine Training Institute (CMTI) offers a maritime safety program specifically for commercial fishing vessels. “Since its inception, hundreds of boats and crew members have completed the program and the demand just keeps increasing,” said John O’Leary, maritime safety instructor for CMTI and the head of the safety and survival program. “In an industry that is already struggling, the program is becoming increasingly requested and thanks to the funding of the insurance companies, we can continue to grow and increase its numbers.” This program is offered by Sunderland Marine Mutual Insurance Company, Ltd through Brown and Brown Flagship in a joint effort to reduce casualties. Established in 2005, the program is offered to commercial fishing vessels and its owners, on a volunteer basis. In 2008, over 100 vessels and crews completed the program. Initially available in the mid-Atlantic region, it is now available for commercial fishing vessels from North Carolina all the way to Cape May, New Jersey. According to Chris Burns, executive vice-president and general manager of Brown & Brown Flagship, “We are fully invested in this program. A safer crew makes for a safer vessel and it is a win-win situation for everyone. It’s clear that fewer accidents equal less loss of life and property equal lower claims equal lower insurance costs to the vessel, etc… the list goes on
Who is in charge when a land-based fire brigade responds to a blaze at sea? What are the fire risks for ships in port and under construction? How can design and technology enhance marine fire protection? Prevention, detection and control on ships and offshore structures will be examined at a new forum in London in March by key personnel including ship owners and managers, ship and harbour masters, safety officers, marine and fire protection engineers
With the worsening conflagration in Lebanon-Israel and the resulting consequences for maritime traffic, ship operators are bracing themselves for a hike in war risk insurance premiums for vessels that transit the Eastern Mediterranean. The 12-member Europe Mediterranean Trade Agreement that includes A.P. Moller-Maersk, Mediterranean Shipping Company and CMA CGM issued a statement: "In the event that extra costs do arise for war risk insurance
R&B Falcon Corp. reported one of its inland drilling barges was destroyed in an explosion and fire at a natural gas well in southern Louisiana but nobody was injured. The company believes the loss of the barge, Rig 16, worth about $15 million, will be covered by its insurance and would therefore not have a material financial impact. The explosion occurred on July 1 at a well being drilled for The Meridian Resource Corp. two miles southeast of Amelia, La
LIG Marine Managers’ sister company, LIG Educational & Consulting Services, in conjunction with the International Institute for Marine Insurance Studies, announced the 2011 CMIP Seminar Schedule for those individuals working towards earning the Certified Marine Insurance Professional (CMIP) Designation. The designation is designed for agents, brokers, CSRs, Insurance Company Personnel, Underwriters or other insurance industry professionals who wish to expand their
By Trey Bryant Commercial Marine & Insurance Brokers Having been rather "soft," or in layman's terms "very competitive" for the last several years, the marine liability insurance market has begun what appears to be an upward trend in the pricing cycle over the last few months. There are, to be certain, several factors influencing this trend. The collapse of marine insurance giant Reliance Insurance Company and its subsidiaries has caused quite an uproar among various underwriters still
The U.S. Court of Appeals for the First Circuit interpreted a settlement agreement between an insurance company and a shipowner in order to determine whether the insurance company was entitled to share in the shipowner’s subsequent settlement with a third party in a claim relating to loss of the ship. Home Insurance Company v. Pan American Grain Manufacturing Co., Inc., No. 03-2625 (1st Cir., February 4, 2005)(HK LAW)
Regulatory developments mean that failure to make proper use of business intelligence systems and actuarial consultancy to assess risk could lead not only to significant financial losses but also to disciplinary penalties for insurance underwriters and brokers, according to leading accountant and consultant Moore Stephens. John Harbor, head of the Moore Stephens Insurance Industry Group, says, "Professional risk analysis and modern data management techniques are
Repair Duty Repealed President George Bush has signed into law legislation repealing a four year old rule imposing a 50% duty on the cost of routine repairs and maintenance carried out by U.S. merchant mariners while their vessel is at sea. The elimination of the duty, which customs authorities have levied on US-flag carriers since April 2001, represents a victory for the domestic shipowning community. The community has lobbied hard against it since its introduction.
The U.S. Court of Appeals for the First Circuit ruled that, where the owner of a yacht was convicted of negligent homicide in connection with a fatal collision, the insurance company is not obligated to defend under a policy excluding losses “criminally caused or incurred” by the insured. In the instant case, plaintiff was operating his yacht when it collided with another boat, killing one of the passengers of the boat
‘No man is an island.’ Today, the interconnectivity of business can drive opportunity, but those same interactions can significantly affect us and our businesses. Today’s marine businesses have to manage and prepare for the actions of “the other guy” as much as they
The US Coast Guard inform that search and rescue personnel at the District Seven Command Center in Miami are coordinating fire-fighting efforts on a towed 730-foot barge loaded with containers on fire about 86-miles northeast of Nassau, Bahamas.
Maersk Training announced the launch of two new offshore emergency courses: the OPITO Helideck Emergency Response Team Member Training and the OPITO 6 Day Combined Helideck and Team Member Training. These two OPITO Accredited courses will kick start this month at the company’s training
Lessons are still not being learnt when it comes to preventing engine room fires according to Braemar SA (Braemar Incorporating The Salvage Association). Following a review of incidents taking place in 2013, its regional director for Far East operations, Graeme Temple
Industrial Emergency Services LLC (IES) says that as part of its ongoing nationwide expansion of land-based and maritime emergency response and related safety services, it has added capabilities on the East Coast to supplement its existing Gulf Coast and West Coast infrastructure.
North of England P&I Association (North) and Sunderland Marine Mutual Insurance Company Limited (SMMI) merged to form the North Group on Friday 28 February 2014 following approval by the Bank of England’s Prudential Regulatory Authority and other U.K. and overseas regulators
The Canadian Navy Fleet Replenishment ship 'HMCS Protecteur' has been taken in tow in rough seas by the U.S. navy cruiser USS Chosin, after an engine fire left it drifting some 600 km from Pearl Harbor, reports CBC News. Citing Commodore Bob Auchterlonie
If you think training is expensive; try ignorance. In the ensuing years following the Exxon Valdez disaster, the maritime industry has made great strides in training mariners to prepare for, respond to and mitigate a multitude of emergencies aboard vessels
HMAS Waller, one of the Royal Australian Navy’s submarines, experienced a fire whilst on the surface off the West Australian coast. Emergency response actions were taken to extinguish the fire. There were no causalities. As a precaution four members of the ship’s crew who were
This afternoon HMAS Waller, one of the Royal Australian Navy’s submarines, experienced a fire whilst on the surface off the West Australian coast. Emergency response actions were taken to extinguish the fire. There were no causalities
“Lessons are still not being learned when it comes to preventing engine room fires.” This is the message from Graeme Temple, Regional Director for Braemar SA’s Far East operations, following a review of incidents taking place in 2013.
Lloyd's Register issued and alert stating the IMO has amended its guidelines for the carriage of blends of petroleum oil and biofuels (Circular MEPC.1/Circ.761/Rev.1) and has also amended its guidelines and specifications for oil discharge monitoring (ODM) and control systems for oil tankers
Today in U.S. Naval History - February 25 1861 - Saratoga, member of U.S. African Squadron, captures slaver sloop Express 1933 - Launch of USS Ranger, first U.S. ship designed as an aircraft carrier before the keel was laid 1959 - USS Galveston fires first Talos surface-to-air missile
In response to specific market demand for insurance cover not formerly available, the Shipowners’ Club has launched a policy for its high net worth super yacht client base to indemnify them against Seafarers Unpaid Wages Following Abandonment (SUWFA).
Business owners put their companies at risk when a new project gets under way. With even the best advance preparation, things can still go wrong, with the potential for injury, property damage and financial loss lurking in the background. If you are the project owner who is hiring multiple