Braemar Seascope said it is strengthening its ship broking activities by opening a new division within the group’s Houston offices focusing on the large crude and products tanker trades. The new operation will launch following the employment of four tanker brokers: Nelson Hebert, Clint DeAtley, Chip Kelman and John Anderson have all come across town to the Braemar office. They will be joined by ex-MJLF broker and past Tanker Pacific chartering executive, Lynne Rutherford.
Moore Stephens says that current trends in the UK insurance industry point towards further consolidation and convergence in the underwriting and broking sectors over the next twelve months. In the latest issue of the Moore Stephens’ newsletter Insured Interest, Simon Gallagher, head of the firm’s Insurance Industry Group, says, “Consolidation has been a feature of the insurance industry for some years now, but there may be still some way to go
The Joint Hull Committee's (JHC) project to produce a new set of hull insurance clauses which is intended to reflect the needs and requirements of today's shipowners and insurers has been completed on time. The new clauses, which have been drafted following extensive consultation with shipowners and other interested parties, will be available for use from November 1 and will be known as the International Hull Clauses.
International shipbroker and shipping consultant Galbraith's Ltd has appointed three new directors with effect from January 1, 2005 - Bjorn Andersen, Peter Bartleet, and Richard Harmsworth. Bjorn Andersen is a Norwegian national, 35 years of age, who started his shipping career in New York before moving to Galbraith's in 1999. He focuses on the crude oil sector and in particular on VLCC and Suezmax trades. Bjorn,
Tanker owner-operator AET welcomed the newest addition to its rapidly growing fleet with the naming and delivery of the 107,000 dwt Eagle Turin at the Imabari Shipyard at Koyo Dockyard in Japan. Eagle Turin, which will fly the Singapore flag, becomes the 49th aframax vessel operated by AET and brings the company’s total fleet of tankers to more than 70. Guests of honour at today’s naming ceremony were Andy Viens, General Manager Global Marine for AET customer ConocoPhillips
Stelvio has reacted to demands from the shipbroking sector for faster and more accurate vessel positioning and cargo order data by developing software which it claims will cut the workload by half. ShipDecision from Stelvio is designed to eliminate the need for brokers to search manually through the thousands of incoming daily emails. The Vessel Position feature of the system examines each incoming message and automatically extracts the critical vessel
Owners of a ship that ran aground on an Aleutian Island will plead guilty to illegally discharging its cargo and have agreed to pay a hefty fine, reports said. IMC Shipping Co. Pte. Ltd. (IMC) of Singapore will also plead guilty to killing hundreds of seabirds when its 738-ft. freighter, Selendang Ayu, ran aground Dec. 8, 2004, and broke in two on the north side of Unalaska Island, said U.S. Attorney Nelson Cohen.
The Liberian Registry has launched a unique Internet-based vessel inspection application based on technology developed by the Wallem Group. The Internet-based inspection application will allow inspectors to compile inspection reports during annual safety inspections and will create a historical database of the vessel's condition. This secure database will be confidential to the registry and the relevant shipowner. Owners will however be offered the option of providing the vessel's condition
The International Transport Intermediaries Club (ITIC) said the fall in the shipping markets has created a number of difficult issues for ship valuers, with brokers in some cases even declining to provide valuations. ITIC’s Andrew Jamieson said, “It is inevitable that some principals will simply be disappointed by the broker’s view of what the ship is likely to obtain in the current market. But brokers have also been challenged as to whether it is really possible to assess
Wilhelmsen Ships Service has assisted with a major vessel-onto-vessel loading operation, that of the transfer of the Oslo-Nesodden ferry, the Prinsen, onto the Beluga Foundation, a 456 ft long heavy lift cargo vessel. On 26 September the Prinsen fast ferry, which has been running between Nesodden and central Oslo for the last 14 years, was transferred onto the Beluga Foundation to be transported to its new home in Abu Dhabi
The transfer of some 500 tons of Syria's chemical agents to the US special purpose vessel 'MV Cape Ray' will take place in the port of Gioia Tauro, reports Xinhua, citing a hearing before the Italian parliamentary commissions of foreign affairs and defence.
The cause of a collision between the cargo ship 'Genius Star VII' and a barge loaded with 840,000 gallons of #6 fuel oil in the Houston Ship Channel is being investigated by the US Coast Guard. Watchstanders with Coast Guard Marine Safety Unit Texas City received a report at approximately 8:30 p.m
The Coast Guard along with state and local partners are responding to a collision near Texas City, in the Houston Ship Channel, Saturday, March 22, 2014. At approximately 12:35 p.m., watch standers at Coast Guard Sector Houston/Galveston received a call from the captain of the 585-ft
The U.S. Coast Guard (USCG) reopened the Mobile Ship Channel to all deep-draft commercial vessel traffic at approximately 5 p.m. Monday. The USCG restricted vessel traffic at about 3 a.m. Monday, after the container vessel MSC KYOTO grounded outside the channel.
London’s crucial central role in the global shipping industry was highlighted when members of the international maritime community and representatives of the U.K. Government gathered to officially launch the first ever London International Shipping Week (LISW) last night.
Clarkson PLC (Clarksons) a leading worldwide shipping services group, releases its unaudited interim results for the 6 months ended 30, June 2013. Summary • Robust performance delivered in challenging markets
Markel International, a specialist insurer with a worldwide product portfolio, appointed Matthew Cannock as Managing Director of Markel International in Singapore. The Monetary Authority of Singapore has approved his appointment as Managing Director and as Principal Officer.
The ability to readily transport personnel and equipment from one ship to another is vital to the success of many U.S. Navy operations, particularly when it comes to seabasing. But tumultuous waters and weather conditions can make the transfer process extremely difficult
Regional insurance brokerage and risk management company AAIB first to be granted license to operate in Somalia as economic opportunities drive demand. Regional specialist in broking, risk management and consultancy Anglo Arab Insurance Brokers (AAIB), has broadened its footprint
Braemar Adjusting continues its global expansion with the addition of one director in London, two directors in Houston and an energy adjuster in Singapore. Ian McInroy re-joins Braemar’s London office as a Director in October 2013 from a leading international insurance broking and
Shipping services group Clarksons has released its Interim Management Statement published in accordance with the UK Listing Authority's Disclosure and Transparency Rules, for the period from 1, July 2013 to 6, November 2013. Excerpts as follows: Trading
The American P&I Club is reorganizing its underwriting and business development functions into a regionalized structure comprising the Americas, EMEA (Europe, Middle East, Africa), South and Southeast Asia, and Greater China and North Asia.
The US Coast Guard (USCG) inform it has extended the comment period related to proposed new measures to reduce the risks of oil spills in oil transfer operations from or to a tank vessel. The original deadline for feedback to be submitted to the online docket via http://www.regulations
Overseas Shipholding Group, Inc. (OSG) today announced that it intends to outsource the technical management of its international flag shipping business to V.Ships, a third-party ship manager. The outsourcing contract with V.Ships is subject to the approval of the bankruptcy court
In his annual policy address to the Hong Kong SAR Legislative Council, Chief Executive C Y Leung pledged that the Government would continue to improve port facilities and enhance the efficiency of port operations, thereby seizing the opportunities brought by the growth of trade in the