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Trawlercat Introduces Anti-Piracy (PEV) Design

purpose-designed anti-piracy personal escort vessel (PEV).

Trawlercat Marine Designs of New Westminster, British Columbia, Canada is seeking joint venture partners to join them in building their purpose-designed anti-piracy personal escort vessels (PEV). Trawlercat Marine’s president, Captain Graham Pfister states that “Individual PEV’s can chase pirates away from unarmed and even armed ships. They can prevent groups of pirates from “swarming” and getting close enough to fire their weapons and cause injuries, do damage or even board a ship. Swarming is now “a clear and present danger”, he said. “With pirates improving their techniques and their ability to seize a ship at sea we have come up with a means to prevent them which costs far less and will be far more successful than employing large expensive war ships burning huge amounts of fuel and housing large numbers of crews costing millions of dollars.”   Captain Pfister believes PEV CONVOYS are the next logical step with one PEV escorting two or more ships.  “We also envisage fleets of 5 or more PEV’s escorting “convoys of up to 20 ships” through pirate infested waters; something not seen since the Second World War”, Captain Pfister added.  “If you have ever made Suez Canal transits, as I have”, he said, “and seen the gathering of ships that follow procedures, line up and proceed


Australia to Inspect All Single-Hull Tankers

All single-hulled oil tankers visiting Australian ports will be subject to increased inspections, under new measures to protect the marine environment announced today. The Deputy Prime Minister and Minister for Transport and Regional Services, John Anderson, said further protection would come through the introduction of legislation to increase the amount of compensation following an oil spill to $480 million. Anderson said the Australian Maritime Safety Authority (AMSA) has upgraded its


Noble Denton Honored

Noble Denton Group has joined an elite group of British businesses as it secured 59th place in this year’s Sunday Times Deloitte Buyout Track 100 list. Now in its second year, the prestigious league table ranks Britain’s top 100 private equity-backed mid-market companies with the fastest growing profits (EBITDA) over two years. The research analyses the profit performance of private equity-backed companies, rather than just the buyout deals.


Denmark Updates Insurance Claims Requirements

Ships without P&I insurance for maritime claims must inform the Danish Maritime Authority about their insurance Danish ships with a gross tonnage of or above 300 without a Certificate of Entry in a P&I Club from the international group of P&I clubs must inform the Danish Maritime Authority about alternative insurance for maritime claims before March 31, 2014. Danish ships with a gross tonnage of or above 300 must carry a certificate confirming that insurance has been taken


American P&I Club 100 Day Initiative

AMER CLUB MSTR LogoWEB.jpg

The American P&I Club is this month launching an ambitious initiative aimed at feeding 100 needy families for 100 days in embattled Greece, as well as supporting children with special needs. In a link-up with three long-established charities in Greece, the club will launch its campaign at an evening roof garden reception in central Athens on Thursday, May 31, to mark the start of Posidonia 2012 that will take place the following week.


PVA Advises On Terrorism Insurance

The Passenger Vessel Association (PVA) recently distributed the following to advise its members regarding terrorism insurance. The shocking events that occurred on September 11 took all of us by surprise. Since then, we've all started to ask ourselves some basic questions that will help us to protect our companies, property, and employees from further harmful situations, if they should occur. One of these important protective elements is insurance.


Mitsui Marine, Sumitomo To Merge By April 2002

Sumitomo Marine & Fire Insurance and Mitsui Marine & Fire Insurance agreed to merge by April 1, 2002, in a move that would create Japan's largest non-life insurer. With combined assets of $51.7 billion, the merged company will outstrip current industry leader Tokio Marine & Fire Insurance, whose assets stand at $48.5 billion. Analysts say the merger will accelerate consolidation in the sector, where competition is intensifying, due mainly to the deregulation of insurance premiums in July 1998


WQIS Strengthens Underwriting Department

John Moy has joined the team at Water Quality Insurance Syndicate as Vice President of Underwriting. John will lead the WQIS underwriting department. John came to WQIS from Crum & Forster where he served as the Vice President of United States Fire Insurance Company for the past five years. Previous to his tenure there, he was the Regional Underwriting Manager at XL America, working in marine and offshore energy insurance


Moore Stephens Strengthens Regulatory Advisory Team

Moore Stephens has further strengthened its regulatory advisory capability with the appointment of John Westlake as compliance manager. John Westlake has a broad perspective of the insurance industry acquired through a variety of roles, which has enabled him to support insurers and brokers in establishing effective compliance solutions. He has a strong commercial background, having acted as operations director with a personal lines insurer


MARAD To Sponsor Seminar

The U.S. Maritime Administration (MARAD) is sponsoring a seminar in New York on May 31, 2002 entitled Issues regarding Terrorism Insurance in the Maritime Industry. The keynote address will be given by MARAD Administrator William Schubert. Items on the agenda include Terrorist Insurance Legislation Proposals and Status and Insurance and Beyond.


The Cause behind the Clause Piers & Docks Insurance

As a maritime business owner, your day-to-day focus is on managing and growing your business. Understandably, thinking about and understanding the nuances of your insurance coverage is not likely to be among your top priorities. However, what if the unthinkable happens and your docks and piers are


Iran Oil Tanker Firm Still Faces Sanctions

Iran's main oil tanker firm NITC will struggle for some time to call at European ports, get foreign insurance and overcome obstacles under western sanctions, even after a top court has annulled its blacklisted status in the European Union.


Maritime Legal Firms Announce Merger

Houston- and New Orleans-based law firm Bland & Partners P.L.L.C. announced that Crain Wilson, P.L.L.C.’s Houston office merged with its firm as of July 1, 2014. The merger results in growth for the firm, including the addition of six attorneys and four legal support staff


XL Group Grows in Asia

XL Group strengthened its Insurance Marine team with the appointment of Mike Davies as Chief Underwriting Officer, Marine, Asia Pacific and Ian Picton as Senior Upstream Underwriter.   Understanding the local industry and what is impacting it, is a key recruitment driver for XL Group


Marine Salavage: Responder Immunity Benefits a Responsible Party

The Author, Jon Waldron

Putting to rest the fears and misconceptions about what responder immunity means and what it will eventually do. It’s all good. As many in the response industry, and in many cases the marine industry in general appreciate, there has been an extended effort to enact an enhanced responder


Peak Re Appoints Credit & Surety Underwriter

Kathleen Ko, Sr Vice President of Peak Re

Peak Reinsurance Company Limited (“Peak Re”), the fast growing Hong Kong based reinsurer announced the appointment of Kathleen Koh as Senior Vice President to underwrite credit and surety business.   Ms. Koh will be responsible for developing and growing Peak Re’s credit


TT Club Calls for Increased Port Safety

Photo courtesy of TT Club

In a speech given to the Trans Middle East Conference in Qatar in May, Andrew Kemp, Regional Director EMEA of the freight transport insurance specialist TT Club, called for operators to do more to minimize the causes of incidents resulting in bodily injury, cargo and property damage.


Steve Kennedy Re-joins Allianz from Zurich North America

Steve Kennedy: Photo AGCS

Allianz Group’s specialist corporate insurer, Allianz Global Corporate & Specialty (AGCS), announce the appointment of Steve Kennedy as Head of Corporate Property and Inland Marine Claims, replacing Tony Clark who retired at the end of January 2014


Pirated Tankship Found Off West Africa Coast

File photo

An oil tanker missing for a week off the coast of West Africa was attacked by pirates who stole its cargo, the company that managed the ship said on Thursday after speaking with its captain. The Liberia-flagged MT Fair Artemis had last made contact with its manager, Fairdeal Group SA


Gazprom’s Shares Included In Top Quotation List Of Moscow Exchange

Gazproms shares included in Top Quotation List

  The Moscow Exchange yesterday included Gazprom's shares in the First Level of the List of Securities Admitted to Exchange Trading. The First Level is the top quotation list shaped by the brand new listing rules of the Moscow Exchange


UK Defense Club Announces Positive Financial Results

The UK Defence Club, a provider of FD&D (legal costs) insurance to the maritime industry, announces its financial results for the year ended 20 February 2014.   Highlights:  £18.8 million premium income, up 9% compared with 2012/13


UK P&I Club Awards 2014 Scholarship

Jan Kohzer: Photo UK Club

The UK Club informs that Jan Kohzer has been selected as this year’s Robin Travis Scholar. From 1st September 2014, Jan will spend three months based in Thomas Miller’s London office. The Robin Travis scholarship is a flexible programme tailored to provide a breadth of knowledge


American Club Rings in Posidonia 2014

Stuart Todd

Top underwriter says his farewells to Greece The American Club held its traditional party on the evening of Thursday, May 29 to mark the start of Posidonia week. More than 600 guests from the club’s expanding Greek membership, as well as club directors and representatives from the Greek


Seacurus Debates MLC Abandonment Insurance Issues

shows Lord Livingston (far left) and Thomas Brown (far right) at the offices of Seacurus

During a recent tour of northeast England, Lord Livingston, the UK’s Minister for Trade and Investment, visited the Gateshead headquarters of Seacurus which, in April 2013, launched CrewSEACURE, the first ever insurance policy designed exclusively to protect the rights of seafarers when


Ship Managers, PVEC, Look to Eco-Cruise Market

File image

Global shipping management company, PV Enterprises International, Inc. (PVEC), has provided an update to its shareholders & the investment community on the next phase of its business plan and enhanced corporate strategy, as follows: "We realized people are the most profitable cargo






 
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