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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


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


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


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


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


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


A New DVD from the UK P&I Club

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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


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


TT Club Welcomes IMO Guidance on SOLAS VGM Amendment

At an International Maritime Organization (IMO) Maritime Safety Committee session in London that culminated on Friday, delegates agreed on guidance and advice to both those active in the container supply chain globally (shippers, carriers and port operators)


Eniram Opens Office in London

Photo: Eniram

Eniram Limited, a  provider of fuel-saving technology and data analytics to the shipping industry, has announced that it is expanding its European operations by opening a new office in Central London.   "Our new office is located in the heart of the London shipping community


London P&I Club Reports Increased Free Reserves

The London P&I Club’s result for the 2015/2016 financial year produced an overall operating surplus of $3.3 million, lifting the free reserve to $160.7 million.  This result was underpinned by a technical underwriting surplus of $15.3 million, with the combined ratio standing at 82


UK P&I Club's Good Results in Difficult Times

Alan Olivier, Chairman of the UK P&I Club

Disciplined underwriting delivers another successful year   London, 11 May 2016 – The UK P&I Club (“The UK Club”), one of the leading shipping protection and indemnity mutual insurers, announces its financial results for the year ended 20 February 2016.  


Bureau Veritas Acquires TMC Marine

Bureau Veritas has acquired international consultancy TMC Marine Ltd.    TMC has provided pre- and post-casualty advice and support to the marine industry since 1979. The business focuses on marine claims and accident investigations


Dangers Arising from Carriage of Indonesian Coal

The London P&I Club has issued a warning about continued problems associated with the carriage of Indonesian thermal or ‘steam’ coal, following a number of recent incidents involving owners and charterers.   Indonesian coal has a propensity to self-heat and/or emit methane


Nautical Institute (Singapore) Branch Inaugurated

The inauguration of new Nautical Institute (Singapore) Branch Photo Nautical Institute

The inauguration of new The Nautical Institute (Singapore) Branch was hosted by the Singapore Shipping Association and sponsored by the Shipowners’ Mutual Protection and Indemnity Association (Luxemburg), Singapore Branch, during Singapore Maritime Week.


Swedish Club: Consistent Underwriting in Challenging Year

The Swedish Club reported to its board today that it has achieved a consistent 2015 underwriting performance with financial stability and cost-efficient quality services for its members. It delivered a balanced underwriting result, despite higher claims activity and increased volatility


Crowley Awards Scholarships to Four SUNY Maritime Cadets

Richard Scales, Daniel Press, Andrew Scalice and Conner McDaniel (Photo: Crowley)

Crowley Maritime Corporation’s 2016 Thomas B. Crowley Sr. Memorial Scholarships have helped to further educational opportunities for four students of State University of New York (SUNY) Maritime College. The recipients, who will each sail with Crowley this summer


Fire Destroys 6 Boats at Port Orchard Yacht Club

U.S. Coast Guard photo courtesy of Sector Puget Sound Incident Management Division

 Six boats and 10 housing sheds were destroyed by a fierce fire early Sunday morning at the Port Orchard Yacht Club.   South Kitsap Fire officials say the fire broke out around 3 a.m. at the yacht club on Bay Street.   


Venture Insurance Programs Acquires Tidal Solutions

Philip J. Harvey, president of Venture Insurance Programs

Venture will rebrand and integrate Tidal Solutions specialty commercial marine products into its portfolio of industry leading programs. Venture Insurance Programs, a national insurance program administrator, today announced it has acquired Tidal Solutions, LLC, a Charlotte


Swedish Club Report Shines Light on Vessel Claims

image: Swedish Club

The life of seafarers is never straightforward, and as a new report from the Swedish Club shows, the hazards and job complexities they face are very much dependent on the type of vessel they find themselves crewing.   In P&I Claims Analysis, published this week


Bigger Ships Call Port of London

Photo courtesy of PLA

The Port of London saw larger ships than ever calling last year as the tonnage of cargo handled at Thames terminals climbed to 45.4 million metric tons (up 2 percent from 2014).   PLA chief executive, Robin Mortimer said, “Last year a number of operators introduced new


London Looking to Expand Team of Marine Pilots

Photo by Andy Wallace

The Port of London Authority (PLA) is recruiting 12 new pilots this year to respond to increased traffic on the Thames.   The PLA is looking for candidates with a Class 1 Unlimited Certificate of Competency. Other suitably qualified candidate who can demonstrate experience relative to


Britannia and UK P&I Clubs in Merger Talks

The boards of the Britannia Club and the UK P&I Club announced today that the two groups are in merger discussions.   The boards of the Clubs will now begin a process to determine whether the merger is possible and delivers appropriate benefit to their respective Memberships






 
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