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
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
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
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
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
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.
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 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
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 Lana Voy-JA618R made its inaugural call at Karachi International Container Terminal (KICT), marking the launch of a new Middle East Loop 1 (MEL 1) Service. To mark the event, KICT held a maiden voyage ceremony, attended by Mr Keith Lau
The board of Golden Ocean Group Ltd. announced a pair of leadership appointments, naming Birgitte Ringstad Vartdal as the new Chief Executive Officer of Golden Ocean Management AS and Per Heiberg as the new Chief Financial Officer of Golden Ocean Management AS.
Oman International Container Terminal (OICT) received the first call of the Mediterranean Shipping Co (MSC), the world’s second largest container shipper with over 2.7m twenty-foot equivalent units (TEUs) per year, Lana vessel at the Port of Sohar.
Cruise shipping company MSC Cruises and shipbuilder Fincantieri today marked a milestone in the building of MSC Cruises’ latest newbuild MSC Seaside with the celebration of the traditional maritime coin ceremony held at the Monfalcone, Italy shipyard.
Konecranes has announced its third RTG delivery to the Mediterranean Shipping Company (MSC) Terminal in Valencia, Spain. When the three RTGs on order go into operation, MSC Terminal Valencia will operate a fleet of 18 Konecranes RTGs. The cranes will be delivered by spring 2017.
French shipyard STX has secured an order for up to four more ships from MSC Cruises, in a 3.6 billion-euro ($4.1 billion) deal announced on Wednesday. MSC Cruises, part of privately owned shipping group MSC, has in recent years been the main customer for STX France
Swiss headquartered Mediterranean Shipping Company (MSC) has announced two new services alled the ‘Lone Star Express’ which will operate between Asia and the US Gulf. This new service will become a new Gateway to/from the US Gulf in anticipation of increased demand