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
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.
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 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
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)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
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)
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
An Iranian supertanker collided with a container ship in the Singapore Strait with no loss of life or pollution despite damage to both vessels, shipping officials said on Thursday. The Maritime and Port Authority of Singapore (MPA) said the collision took place just before midnight on
The Maritime and Port Authority of Singapore says it was notified just before midnight yesterday (Aug 4) of a collision involving Dream II VLCC (Very Large Crude Carrier) and MSC Alexandra (Container Ship) in the Singapore Strait, about 3 km South-East of Sebarok Island.
The first of a new class of “Neo-Panamax” shipping vessels called the Port of Philadelphia to begin a new phase of transport along the Delaware River. The MSC Sofia Celeste, an 8,800 TEU (Twenty-foot Equivalent Unit) vessel operated by the Mediterranean Shipping Company
During the incident involving Dream II Very Large Crude Carrier (VLCC) and MSC Alexandra (Container Ship) on 3rd August, 10 empty containers fell overboard. (See report in Marinelink ) Of these, five fell overboard onto the deck of Dream II VLCC and another five fell into the sea
Wallem’s Agency team in Japan recently welcomed the MSC Lirica on her maiden voyage. The cruise ship recently arrived in Fukuoka (Hakata) with 1,764 passengers and 743 crew onboard before heading back to Shanghai. This call marks both the first Japanese port for the ship in
MSC Cruises, a privately-owned cruise line and market leader in Europe, South America and South Africa announced that it has worked together with Marlink – the pioneer of business critical communication solutions for customers operating in remote environments – to launch a
MSC’s California Express service is now to feature a new port of call – Manzanillo in Mexico. The addition brings a significant customer benefit in transit time and reliability, and provides a direct route to the port as part of the route from Balboa to Long Beach.
MSC has recently launched a new customer portal called ‘myMSC’ which allows you to submit your VGM instructions online and much more. The launch of this portal has been advanced in anticipation of the new SOLAS regulation which comes into effect on the 1st July 2016.
The largest and most powerful engine from MAN Diesel & Turbo’s portfolio ever designed and built has entered service. Built by Doosan Engine in Korea and rated at 75,570 kW (103,000 horsepower), the engine is an MAN B&W 11G95ME-C9
Marine-based commissioning work is now underway at Liverpool2, with Mediterranean Shipping Company (MSC) committing vessel support to Peel Ports to help make the trial a success. Berthing and marine trials began last week with MV MSC Nederland and will be followed by a variety of cargo handling
Classification society ClassNK has amended its Rules and Guidance for the Survey and Construction of Steel Ships in response to the latest industry developments, including amendments made to the International Code for the Construction and Equipment of Ships Carrying Liquefied Gases in Bulk (IGC
Intelsat S.A. has been selected by Marlink to deliver fast, high quality Intelsat EpicNG broadband connectivity to Mediterranean Shipping Company’s (MSC) cruise ships. At the end of May, MSC Cruises began to apply EpicNG’s high throughput connectivity aboard the MSC Divina
One week after the implementation of the new SOLAS regulation ‘Verified Gross Mass’ (VGM), MSC Mediterranean Shipping Company confirms an outstanding early experience of compliance rates by shippers. MSC France, which covers seven ports in the French Metropolitan area
Hyundai Heavy Industries (HHI), the world’s largest shipbuilder, has won an order to build a 23,000 ton class logistics support vessel for New Zealand Defence Force’s Maritime Sustainment Capability (MSC) project.
MSC Mediterranean Shipping Company has reached an agreement to back French start-up TRAXENS, a developer of cargo logistics solutions and creator of a container monitoring and coordination system. Founded in 2012 and already backed by CMA CGM