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P&I Club 19S

ConocoPhillips Announces Senior Management Changes

ConocoPhillips announced the following actions concerning the company's senior management: John Carrig, currently executive vice president, Finance, and chief financial officer, will become president and chief operating officer.  He will continue to report to Jim Mulva, chairman and chief executive officer. Jim Gallogly, currently executive vice president, Refining, Marketing & Transportation, will become executive vice president, Exploration & Production. Willie Chiang, currently senior vice president, Commercial, will become senior vice president, Refining, Marketing & Transportation. Greg Goff, currently president, Strategy, Integration and Specialty Businesses for Refining, Marketing & Transportation, will become senior vice president, Commercial. Ryan Lance will remain president, Exploration & Production – Europe, Asia, Africa and the . Messrs. Sig Cornelius, currently senior vice president, Planning, Strategy & Corporate Affairs (PS&CA), will become senior vice president, Finance, and chief financial officer. Jeff Sheets, currently vice president and treasurer, will become senior vice president, Planning & Strategy. Red Cavaney, who will retire from his position as president and chief executive officer of the American Petroleum Institute on Oct. 31, 2008, will become senior vice president, Government & Public Affairs in November 2008. 

UK Club Rating Upgraded by S&P to A (Stable)

Financial rating image credit UK Club

Leading P&I club, the UK Club informs it has received the full report from Standard and Poor (“S&P”) explaining its reasons for upgrading the Club's financial rating. Extracts follow: The report explains that, in assessing the Club’s business and financial risk profiles across a set of criteria, S&P have determined an anchor rating of “A”.  This is based upon the “extremely strong capital adequacy” and “improved operating

Propeller Club Holds Annual Convention

Over 400 participants converged on Biloxi, Miss., to attend the annual Propeller Club Convention. Maritime industry leaders, Propeller Club Members from around the world, Propeller Club Student Port Members and spouses enjoyed informative panel discussions that addressed issues such as Shipbuilding, Terminal Operations, Offshore Drilling Construction, Short Sea Shipping in Europe and the U.S., Inland Waterway Issues, Homeland and Port Security, Ballast Water Issues and others

UK P&I Club Capital Reaches Record High


Latest Review of the Year shows enhanced financial strength of UK Club In its Review of the Year 2011, published this week, the UK Club posted total assets of $1.6 billion.    Dino Caroussis, Chairman of the UK P&I Club, commented: “We have achieved our goal of balanced underwriting so that all the $69 million investment return of the year is transferred to the reserves.  The Club’s $478 million free reserves and capital are the highest they have

Crew Medical Initiative Debuted in Ukraine

The American Club is the first P&I insurer to set up a program for pre-employment medical examinations (PEME) in the Ukraine. Claims resulting from pre-existing illnesses have been a big problem for shipowners and P&I clubs alike. However, certain illnesses and medical conditions can be identified during a PEME, and the American Club plans to establish an ‘approved’ list of quality clinics in labour-supplying countries where club members employ seafarers.

Disciplined Underwriting Increases UK P&I Club Free Reserves

The UK P&I Club, one of the largest and oldest providers of mutual liability insurance to ship owners, announced its financial results for the year ended February 20, 2013. Highlights •    Surplus of $9.5 million increases free reserves and hybrid capital to new high of $494 million •    S&P rating upgraded to: A- (Positive outlook) •    $4.11 free reserves per gross ton

‘Excellent’ rating for UK War Risks

Excellent Rating for UK War Risks

  The UK War Risks Club announced the affirmation of its A- ‘Excellent’ financial strength rating with a ‘Stable’ outlook from the insurance rating agency AM Best. AM Best’s rating reflects the Club’s “excellent risk-adjusted capitalisation, track record of good operating performance and its established business profile as a specialist underwriter of war risk insurance for ships.”

UK P&I Club Restructures


Move intended to increase efficiency under Solvency 2.   The UK P&I Club has announced that it is reorganising its structure to establish UK Europe as the sole provider of direct insurance to UK Club members. By reducing the number of separately regulated insurers from two to one, the UK Club aims to streamline governance, reduce compliance costs and manage more efficiently the Club’s solvency capital requirements whilst meeting the impending Solvency 2 regulations for

China Shipyard Delivers Bulk Carrier to Greek Owners

COSCO Dalian Shipyard has delivered a 57.000 dwt bulk carrier to Common Progress Co Na S.A. of Athens COSCO (Dalian) Shipyard Co., Ltd ("COSCO Dalian"), a subsidiary of the Company's 51% owned COSCO Shipyard Group Co., Ltd, has delivered a bulk carrier of 57000DWT, "COMMON FAITH", to its European buyer. The bulk carrier measures 189.99 meters in LOA, 32.26 meters in breadth and 18 meters in depth.

Bulk/Refrigeration Cargo Ship at Auction

International Boat & Marine Auction Services, in cooperation with Marine Business Exchange, Inc. ( announced the auction of the 1982 Bulk/Refrig. Cargo Hauling Vessel, M/V June B, to be sold to the highest bidder, no minimum reserve. The auction will take place Wednesday, March 25, 2:00 p.m., at the Freeport Harbor, Bahamas - Mail Dock. M/V June B features: Engine Model # 6LU35 HP 1800 PS Speed 320 RPM 6 Cylinders 4 Strokes Cylinders Bore

Cruise Critic Awards Best Cruise Lines of 2015

Photo: Viking Oceans

 Online cruise guide Cruise Critic has announced the winners of its annual Editors' Picks Awards for 2015, revealing the industry's top performers in a variety of different categories.   The winners, which are selected by the online cruise guide's team of experts

P&I Clubs Welcome Changes on Container Weighing

UK P&I Club, a shipping protection and indemnity mutual insurers, and TT Club, an  international transport, freight and logistics insurance provider, have welcomed the amendment to the Safety of Life at Sea Convention (SOLAS) from the International Maritime Organization (IMO) on the

East-West Shippers' Contract Rates Falling -Drewry

Ocean freight rates for cargo moving under contracts on the major East-West routes have seen a sharp reduction since the beginning of the year, according to Drewry’s Benchmarking Club, a closed user group of multinational retailers and manufacturers who closely monitor their contract freight

UK P&I Club's West Africa Piracy Guidance

uk p&i club logo.jpg

UK P&I Club provides practical guidance to Members in relation to piracy in West Africa. Stuart Edmonston, Head of Loss Prevention, says: “We have seen a sizable shift in pirate activity, from Somali to West Africa, and are witnessing an increase in incidents particularly offshore

Video: Mega Sailing Ship Docks in Greece

Photo: Konstantinos Mil. Anagnostou

One of the largest sailing ships in the world, the 636-foot-long Club Med 2 is a huge five-masted cruise ship owned and operated by Club Med. The impressively massive vessel recently called the port of Chios Island Greece, where Konstantinos Mil

Collaboration Key in MV Smart Wreck Removal

(Photo: North P&I Club)

Titan Salvage, now a part of Ardent following completion of the merger of Titan and Svitzer Salvage, has completed the removal of the wreck of the cape-size MV Smart coal carrier in South Africa, an especially challenging project due to weather conditions that prevail on the South African coast

Thomas Miller Awards Robin Travis Scholarship

Tobias Rennekamp

  The UK P&I Club one of the leading shipping protection and indemnity mutual insurers,  has awarded Tobias Rennekamp the  Robin Travis Scholar for 2015. Tobias will spend three months in the Thomas Miller London office and the offices of selected lawyers, surveyors

SCA Circular on Requirements‏ of Ships' Documents, Drawings

Courtesy Suez Canal Authority

  Circular issued by Suez Canal Authority concerning ships' documents and drawings which are required to be ready onboard before transiting the canal for first transit or each transit to avoid any fine and/or delay. Those concerned are requested to take note and be guided by the instructions

Swedish Club 1H post $ 6.3 mln Deficit


  In the first six months of the accounting year 2015 the Swedish Club made a deficit of USD 6.3 million. The result was affected by lower returns from both the technical- and non-technical accounts.   Underwriting performance registered a combined ratio of 112% but remains slightly

Marine Claims & Casualty Investigation Conference

  HINODE Maritime Events is conducting the "Conference on Handling Marine Claims and Investigating Marine Casualties". According to the organisers, the program which is scheduled to be held on Wednesday, September 2, 2015 at the Vivanta by Taj - President, Cuffe Parade

BIMCO’s Analyst at Singapore Ship Finance Forum

Peter Sand, Chief Shipping Analyst at BIMCO

  Chief Shipping Analyst at BIMCO, Peter Sand will be one of the speakers at the upcoming Marine Money Ship Finance Forum in Singapore. This is the 14th annual forum and it will take place at 22-23 September 2015. Peter Sand will deliver the introductory presentation to the panel discussion

Mersey Maritime, Liverpool Football Club at LISW15

LJMU logo

  Mersey Maritime, in association with some of its key members, is hosting what will be one of the most exciting events at London International Shipping Week (LISW15) on 9th September at The Walkie Talkie Building, 20 Fenchurch Street.  

Eagle Ocean Marine Grows Market Share

Joe Hughes, Chairman and CEO of Eagle Ocean Agencies, Inc. (Photo: EOM)

Robust development of recent years supported by strong operating results: Mutual club pedigree enhances Insurer’s stature in fixed premium sector   Eagle Ocean Marine (EOM), the specialist fixed premium P&I and FD&D (Freight

Newport International Boat Show to Kick Off

Newport International Boat Show

  Set for September 17-20th, 2015 on Newport Harbor is the Newport International Boat Show (NIBS), which flaunts its destination and sailing history to attendees making their fall travel plans. NIBS is the kick-off to the boat show season and a prime time to experience fall in New England

'Challenging Time' for Shipping Industry - North P&I Chairman

Pratap Shirke, chairman of North P&I club

Unpredictable markets and continuing marine claims volatility means the international shipping industry is facing a particularly challenging time, says Pratap Shirke, chairman of North P&I club. His comments are published today (16 July 2015) in the 170 million GT

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