Marine link
 

London Club

Call Performance and Claims Improvement For London Club

The London P&I Club has confirmed that, as at February 20, 2003, claims for the 2002 policy year were ten percent lower than for the 2001 policy year, and thirty per cent lower than for the 2000 policy year. Writing in the latest issue of its London Club News, the Club says the downturn in claims over recent years is “a great source of encouragement”. It adds that this positive trend, coupled with an improving fleet age profile and the Club’s proven ability in a difficult market to maintain calls in line with original estimates for many years, “bodes well for the continuing success of the London Club”. In April, the London Club Committee reaffirmed an initial supplementary call for the 2003/2004 policy year of forty per cent for the P&I class, in line with the estimate first advised in November 2002. Paul Hinton, Chief Executive of A Bilbrough & Co, managers of the London Club, says, “Financial stability is of fundamental importance to the London Club, its managers, and its members. The Club’s sound financial base and the steps taken towards supporting its reserves, without recourse to third-party financing, are crucial elements in maintaining its overall strength.”


Maritime Industry May Lack Sensitivity to Psychological Issues

THE London P&I Club has drawn attention to the continuing need for recognition and understanding of psychological disorders affecting those employed in the shipping industry. In the latest issue of its StopLoss Bulletin, the Club indicated that psychological problems are often not identified, or dealt with, as quickly, as knowledgably or as sympathetically as is the case with physical illness and injury. The Club quotes Prof Francesco Amenta, CIRM Scientific Director


Rayfield Mills Opens London Office

Rayfield Mills a U.K.-based firm of solicitors specializing in maritime and international trade law, opened a new office in London today. Located at 150 Minories, the new office is in the heart of the capital’s shipping and insurance sector. The move to London gives Rayfield Mills the opportunity to consolidate and expand its insurance practice as well as reinforce its relationships with leading P&I clubs. Lloyd’s underwriters other London-based clients


Dry Land Big Row Benefits Lake Malawi Health Project

Photo courtesy of Thomas Miller P&I

Three heroic teams of oarsmen from Thomas Miller P&I in London as well as sister team at Thomas Miller Asia-Pacific have all successfully completed their legs of the Big Row charity event. In total some eighty teams from the international maritime community took part in a 'virtual' row of the length of Lake Malawi to raise funds for the ongoing refurbishment of the 'MV Chauncy Maples' as a medical clinic ship. The main event took place in Spitalfields Market in the City of London on the


TT Club Welcomes London Gateway’s First Scheduled Vessel

With the arrival of MOL Caledon, DP World’s London Gateway received its first scheduled ship call last week. Specialist freight transport and cargo handling insurer, TT Club provides the liability cover for the U.K.’s newest container terminal. The sheer enormity of the operation at London Gateway is underlined by the vital statistics it will boast when it is completed – 2,700 meters of quayside, 24 gantry cranes (each weighing more than 1


London P&I Club Renews Warning on Cargo Liquefaction

The London P&I Club said the lifting of an iron ore ban in India, together with the recent total loss of two ships, has put the spotlight once again on the problem of cargo liquefaction. In the latest issue of its StopLoss Bulletin, the club said, “There are specific challenges involved in the export of iron ore fines from Indian ports during the monsoon season which can increase the moisture content of the cargo to levels where liquefaction can occur


Shipowners’ Club Registers Strong 2010 Results

Excellent financial results have been reported by the Shipowners’ Club for the trading year ending February 2011.  Positive growth or improvements across almost all parameters have been recorded, from increased tonnage and numbers of vessels entered, to an up-lift on gross earned premiums to US$196.8 million (up 13% on last year) and an underwriting surplus of US$25.2 million. Chairman of the Club, Donald MacLeod puts the recent success of the Club down to the diversity of its


A New DVD from the UK P&I Club

UKPI08.jpg

The UK P&I Club is absolutely committed to maintaining a vibrant loss prevention program and its latest move is a new DVD that places a specific focus on the Bow Tie concept - a comprehensive risk assessment initiative which helps members identify and prioritize risk across their whole fleets. According to the Club’s Loss Prevention Director, Karl Lumbers, the DVD, titled ‘No room for risk’, will be a very effective form of communication when conveying the Club’s


TT Club Spots Innovation Trend in Logistics Sector

Insurance specialist in the global freight industry, TT Club, sees proliferation in technological capabilities & tailored supply chain processes. A long-term supporter of the British International Freight Association (BIFA) Awards, TT Club sponsored the 2012 European Logistics Award.  TT Club’s Development Director for UK and Ireland, Brian Sullivan was part of the judging panel that employed a stringent vetting process to find the winner, Delamode International Logistics


London International Shipping Week Set to Benefit Seafarer Charities

LISW_logo.jpg

Four leading charities supporting seafarers and their families are set to benefit from the inaugural London International Shipping Week (LISW), taking place in the U.K. capital this September. Apostleship of The Sea, Mission To Seafarers, Sailors’ Society and Seafarers U.K. have been chosen by the LISW Steering Group to be the beneficiaries of fund-raising efforts during the week-long shipping showcase. London International Shipping Week kicks off with a Charity Golf Day at Walton


Top Five Most Costly Insurance Claims

Image courtesy of TT Club

The TT Club has alerted the supply chain industry to a persistence of claims in a handful of loss types. The international transport, freight and logistics insurance provider said it has found that 66% of its claims by number and 62% by value over a five year period can be categorized into just


Containership Becomes Largest to Sail the Thames

Munkebo Maersk (Photo: DP World)

The Munkebo Maersk became the largest ship to ever sail up the River Thames as it called at DP World London Gateway, the U.K.’s newest deep-sea port hub. The 399-meter-long, 60-meter-wide, 195,000-ton Triple-E class vessel – equivalent in length to almost four football pitches and


Munkebo Maersk, Biggest Ship Ever to Sail on the Thames

Munkebo Maersk (Pic: London Gateway)

 The 18,300 TEU Triple E container ship Munkebo Maersk became the largest ship to ever sail up the River Thames as it called at DP World London Gateway.   The 399 metre long Munkebo Maersk, which weighs in at 195,000 tonnes and is 60 metre wide is one of the largest container vessels


Record Thames Ridership

River Action Plan delivers record Thames ridership

  A record 9.8 million passengers are using the River Thames‎, two years on from the launch of the Mayor's River Action Plan, it was announced today. The River Action Plan, launched in February 2013, details a host of measures designed to increase the number of river passengers to 12


Contamination: Primary Cause of Tank Container Claims

Causes of Claims involving Tank Containers: By Volume (2006 – 2014)

Freight transport insurer TT Club reveals detailed results of its claims survey highlighting tank container incidents: contamination accounts for nearly half with damage to tanks adding another third Speaking at the Asia Tank Container Organization’s General Meeting in Shanghai yesterday


DP World London Gateway Attracting New Container Shippers

MSC Rita calling at DP World London Gateway

As Britain’s new hub port celebrates its first birthday DP World London Gateway has expanded its network of shipping links and destinations, attracting a series of new deep-sea container shipping services. Mediterranean Shipping Company (MSC) has confirmed that from next month (December)


American Club Strengthens Asia Presence

Katherine Wang, who is well known in Asian P&I circles, has joined the American Club as assistant vice president and marketing manager for Greater China and Northern Asia.   In the first instance she will be stationed in the Hong Kong office of the club's managers, Shipowners Claims Bureau


London P&I Club Addresses "Cappuccino Effect"

p an i logo.jpg

The London P&I Club has advised its members on precautions to adopt to detect the presence of cappuccino bunkers. In the latest issue of its StopLoss Bulletin, the club explains that the cappuccino effect is essentially the frothing or bubbling effect caused by compressed air blown through


DP World: Shareholders Back EZW buy, London Delisting

Shareholders of DP World have approved buying Economic Zones World from its majority shareholder and also backed the port operator's delisting from the London Stock Exchange, the Dubai-based company said on Thursday. The assent was granted at a meeting on Thursday


Even 'Small' Vessels are Getting Bigger

141218 Shipowners Club_Development of tonnage infographic_logo_Dec 2014.jpg

The Shipowners’ Club is a mutual provider of P&I insurance that has throughout its 160 year history been dedicated to serving owners of small and specialist ships.  These vessels, active in a range of different operations, are at the lower end of the size spectrum and


Seafarers International House Awards Banquet

Seafarers International House will hold its 15th Annual Setting the Course Awards Banquet on Thursday, April 23, 2015 at the New York Athletic Club, 180 Central Park South, New York City.   This year’s honorees are Anthony Chiarello, President & CEO, Tote, Inc


No Let Up in Navigational Claims Reports

Lars Malm (Photo courtesy: The Swedish Club)

According to The Swedish Club, half of the costs of hull and machinery claims handled by the Club have arisen due to navigational claims such as collisions, contacts or groundings - a figure that has remained steady over recent years despite improved technology and the widespread implementation of


Eastern Shipbuilding Donates $250K to USCG Museum

John S. Johnson, Treasurer of the National Coast Guard Museum Association Inc. celebrates the receipt of Eastern Shipbuilding’s first donation with U.S. Senator Chris Murphy of Connecticut. (Photo courtesy of the National Coast Guard Museum Association)

Eastern Shipbuilding has donated $250,000 for the construction of the National Coast Guard Museum in New London, Connecticut, the National Coast Guard Museum Association announced yesterday. Eastern Shipbuilding, a diversified ship builder headquartered in Panama City, Florida


DP World to Build Third London Gateway Container Berth

Image: DP World London Gateway Port

 DP World London Gateway plans to move forward with a third berth at the UK’s new deep-sea hub port, which will increase deep-sea access for ships carrying UK imports and exports.  Berth Three will enable the use of an additional 400 meters of quay length with a dredged depth of


BEST Set a New Productivity Record

Image: Barcelona Europe South Terminal (BEST)

 Barcelona Europe South Terminal (BEST) handled the largest containership ever to call at the Port of Barcelona, the 16,600 TEU MSC LONDON and also set a new productivity record.  The port discharged 618 containers and loaded 1035 in less than eight hours when working MSC LONDON






 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright