Specialist liability insurer for the international transport and logistics industry TT Club said it had another good performance for the year ended December 31, 2012, with further increased gross written premiums, and the club now maintains its A- (Excellent) rating for the past eight years. In a statement, U.S. rating agency A M Best reaffirmed the financial strength rating of A- (Excellent) and the issuer credit ratings of “a-” of Through Transport Mutual Insurance Association Limited (TTB) (Bermuda) and its subsidiary, TT Club Mutual Insurance Limited (TTI) (United Kingdom) collectively trading as TT Club. "The outlook for both ratings remains stable. The ratings of TTI reflect the integral part it plays in TT Club’s strategy, as well as the extensive reinsurance protection provided by TTB, which is expected to maintain excellent consolidated risk-adjusted capitalization in 2013," the agency said. A M Best also noted in its statement on the TT Club, "Its business profile is supported by a superior service standard, which underpins a high policyholder retention rate of roughly 95%, and by its active involvement in loss prevention and risk management within the industry." The TT Club's gross written premium for 2012 increased to $182.3 million and the Club's combined ratio - the key measure of the health of its operating performance - reduced to 96.3%.
Super tugs Fairmount Sherpa and Fairmount Expedition have towed the drilling rig Noble Max Smith from the Gulf to Brazil. Both tugs hooked-up in Pascagoula Mississippi, USA. For this job the Fairmount Sherpa and the Fairmount Expedition were mobilized to the departure location from there previous projects. Fairmount Sherpa had just delivered the rig Atwood Condor in Trinidad after a speedy crossing of the Atlantic and the turbulent waters around the Cape of Good Hope and Fairmount
The Navy's Military Sealift Command will commemorate the Merchant Marine heroes of yesterday and today at a 2:30 p.m. Maritime Day ceremony May 22 at Pier One East on the historic Washington Navy Yard. Rear Adm. David L. Brewer III, USN, commander, MSC, will host the event, and MSC fleet ocean tug USNS Mohawk will be pierside, serving as the backdrop for the ceremony. Mohawk is one of about 110 ships operating daily around the world supporting MSC's mission as the ocean transportation
Mediterranean Shipping Company (USA) Inc. (MSC) has announced the following staff promotions and appointments effective immediately: Francesco Pansardi was named Marketing Manager, based in New York City; Tom Hughes was named National Trade Manager Transpacific Service, based in Los Angeles; Halina Rosa was named Trade Manager East Coast for the company's Transpacific service based in New York City; and Juan Wilson has been named Credit Manager, also based in New York City.
Fleet replenishment oilers USNS Laramie and USNS Yukon, and rescue and salvage ship USNS Grasp are the winners of Military Sealift Command’s 2008 Capt. David M. Cook Food Service Excellence Awards. MSC Commander Rear Adm. Robert D. Reilly Jr. announced the winners in a message Tuesday, Jan. 22. Laramie won the award in the large ship East Coast category while Yukon took the honor for large ship West Coast. Grasp won the award in the small ship overall category
Mediterranean Shipping Company. (MSC) has announced that its cruise division, Mediterranean Shipping Cruises, today confirmed an order for a new 1,600-passenger capacity cruise ship to be built by the French shipyard, Chantiers de l'Atlantique at St. Nazaire at a cost of $250 million. Negotiations are also in progress for a second ship of the same capacity. Backed by a network of MSC owned offices and affiliated agents worldwide
The IMO's Maritime Safety Committee 78th session (MSC 78) embarked on the difficult task of developing "goal-based standards" for newbuildings. MSC 78 has unanimously agreed to begin this complex endeavour at the next session of this Committee (MSC 79). The base document that will be considered is a joint submission by the Bahamas, Greece and IACS. INTERTANKO will be closely involved in this process through its Safety, Technical and Environmental Committee (ISTEC)
Mediterranean Shipping Company (MSC)announced that the company now offers new direct service to West Mediterranean ports in addition to its existing North Atlantic Service. This service is being operated using five 1200 TEU capacity vessels on a weekly basis. The new service rotations are: Boston, New York, Baltimore, Charleston, Savannah, Freeport, Valencia, Naples, La Spezia and returning to Boston. "This service enhancement provides more cargo space and better transit time for
Secretary of the Navy Donald C. Winter announced Feb. 1 that a Military Sealift Command (MSC) contracting team won a 2006 Navy Competition and Procurement Excellence Award for chartering ships to rescue Americans stranded in Lebanon last year. The team -- Ken Allen, Lee Anderson, Olivia Bradley, Tim Pickering, Lance Nyman, and Dan Wentzell -- worked with companies and brokers from around the world to ensure that more than 6
A water bladder on the pier at Chinhae naval base is filled by offshore petroleum distribution system ship MV Vice Adm. K.R. Wheeler (blue-hull ship in distance) Feb. 26 as part of a demonstration of the ship's capabilities during Exercise Key Resolve 2008. Photo by Edward Baxter, Sealift Logistics Command Far East Public Affairs Military Sealift Command personnel and ships demonstrated their ability to quickly respond to a breakout of hostilities on the Korean peninsula as part of
Mediterranean Shipping Co’s latest vessel MSC Oscar, the world's largest boxship, has entered the Panama Registry. The Panama Maritime Authority (AMP) has announced that the Merchant Marine Department has inscribed in the Panama Registry the MSC Oscar.
MSC Oliver was inaugurated at the DSME shipyard in Busan, South Korea, just two months after the delivery of MSC OSCAR. This week, it was the turn of Oscar’s cousin, Oliver, to break the traditional bottle of champagne against the ship, in the presence of his father Pierfrancesco Vago
Cruise lines like Holland America, MSC Cruises, Costa Cruises, Star Clippers, Hapag-Lloyd Cruises and Aida Cruises have canceled all port stops to Tunisia for the rest of the year following the jihadist terrorist attack and massacre in the capital March 18th.
MSC Cruises announced that the first of its next generation Seaside class of ships, set to debut in November 2017, will be named MSC Seaside and sail year-round from Miami to the Caribbean. Following the first ship's delivery from the shipyard
When it comes to taking thousands of passengers on the luxury cruise of a lifetime, it’s reassuring to have a name like GE ensuring you a smooth and pleasant journey. While MSC with its next generation ships may be setting off to conquer more distant waters
World's biggest container ship, the 19,224 TEU MSC Oscar, has made its maiden call at the Port of Felixstowe, the Port of Britain. Clemence Cheng, chief executive of Port of Felixstowe, said it was a "very happy day" for the port.
The MSC Oscar arrived on Tuesday (yesterday) at the APM1 terminal in Rotterdam. With a capacity of 19,224 TEU (20-foot containers), the 396 meters long and 59 meters wide ship is the largest container ship in the world. The MSC Oscar arrived from Algeciras and will leave for Bremerhaven
Mediterranean Shipping Company has announced the start of a new dedicated service between Asia and the Middle East called the New Falcon service. Once the service commences, customers can enjoy improved transit times to Jebel Ali, 24 days from Xingang, 20 days from Shanghai
DNV GL welcomed the world’s largest containership, MSC Oscar, into class. Delivered in January by Daewoo Shipbuilding & Marine Engineering (DSME) in Geoje, South Korea, the 19,224 TEU vessel has already entered service on the line’s new East-West service.
Jotun Marine Coatings said Mediterranean Shipping Company (MSC) will apply Jotun’s Hull Performance Solutions (HPS) on a number of new and existing vessels. With almost 500 vessels, MSC has one of the world’s largest containership fleets
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
World’s largest carriers part of 2M Alliance offering two weekly services from New Orleans Maersk Kotka called the Napoleon Avenue Container Terminal on February 9, signalling Maersk Line’s return of vessel service to the Port of New Orleans
Tanzania's Dar es Salaam Port has got ready to welcome large container vessels including MSC Martina, one of the largest container vessels. Tanzania Ports Authority (TPA) has informed that the adequate improvements have enabled to dock such large vessels at the country's major port.
The credit of being CSCL Globe for being the world's biggest container ship remained for a little over a month until the arrival of the MSC Oscar. MSC Oscar, sailed from a shipyard near Busan, South Korea, became the world's largest container ship last month
Extension operations on MSC Sinfonia, the second out of four MSC cruise ships to undergo the Renaissance Programme of enhancements, have begunin the past days at Fincantieri shipyard in Palermo. Only 2 months ago the conversion operations of the prototype MSC Armonia were completed and the