The UK P&I Club, one of the oldest shipping protection and indemnity mutual insurers, announced its renewal for 2014 following the closure of the renewal season on February 20: Another positive result with a net increase of a million gross tons of mutual business Mutual owned tonnage has increased by four per cent over the course of the 2013/14 year Combined mutual owned and chartered tonnage now stands at 215 million gross tons Estimated increase of renewal premium of seven percent. For many UK Club Members, subdued earnings and a lingering shipping recession remain an unwelcome fact of life. However, UK Club premium needs to address underlying claims inflation, as well as a future pick up in claims frequency from what have been record low levels. Hugo Wynn-Williams, Chief Executive of Thomas Miller P&I, the UK P&I Club’s managers, said, “It has been another good and solid renewal for the UK Club marked by continued controlled growth for a third year in succession whilst preserving a disciplined approach to underwriting. Gross tonnage has increased and we are pleased that our financial stability, claims management and service have attracted more tonnage from existing Members and new business to the UK Club.” ukpandi.com
L-3 MAPPS won a contract to supply degaussing systems for the Royal Canadian Navy’s 12 KINGSTON-Class Maritime Coastal Defence Vessels. These degaussing systems will be delivered and supported locally in collaboration with SAM Electronics, an L-3 company, which produces one of the most effective means of ship protection against modern sea mines. The SAM Electronics solution reduces the magnetic signature of ships to safe levels mitigating the threat from sea mines and has been
QinetiQ subsidiary Foster-Miller Inc, has been awarded a $1 million contract to further develop its advanced Boat Trap system by the United States Department of Defense Joint Non-Lethal Weapons Directorate, working closely with the US Coast Guard. Designed to bolster US harbor security and protect coastal military bases abroad, Boat Trap is a non lethal, ballistic net that is deployed from a helicopter into the path of a threatening speedboat traveling at high speed
At its annual board meeting on 29 October 2012, the board of the UK P&I Club (the Club), one of the oldest shipping protection and indemnity insurance mutuals, agreed that the general increase for 2013 renewal will be 7.5 percent. The premium rating increase is in addition to any increase in the cost of the International Group reinsurance premium for 2013 for the mutual members, which will be determined in the New Year.
The first joint venture project between Cathelco and UMC International has been completed at the Yonderberry fuelling jetty at Torpoint in Plymouth. Earlier this year, the two companies created an alliance enabling the specialist diving services of UMC International to be used for the installation and maintenance of corrosion protection systems supplied by Cathelco. The Yonderberry jetty project, commissioned by Babcock
Kongsberg Defense & Aerospace (KDA) signed a contract with the Norwegian Ministry of Defence (MoD) for Underwater Surveillance and Protection. Kongsberg by KDA will carry out the three-year project in cooperation with Kongsberg Maritime (KM) and Norwegian Defense Research Establishment (FFI), and assisted by the Royal Norwegian Navy (RNoN). First version of the integrated surveillance and protection system has already been installed at
The U.S. Maritime Administration (MARAD) released its quarterly report on port and shipping safety and environmental protection. This report discusses the latest session of the IMO Marine Environment Protection Committee; the bill to reauthorize the Transportation Equity Act for the 21st Century (TEA-21); the Coast Guard’s interim maritime security regulations; and the OECD report on Security in Maritime Transportation.
According to a report from Defence News, on Dec. 8, the Royal Navy's Rear Admiral Phil Jones took charge of the EU led counter-piracy naval operation, which is to operate off the coast of Somalia. The operation, called Op Atlanta, is the European Union's first naval task force, and it has been assembled to ensure the protection of vessels of the World Food Programme delivering food aid to displaced persons in Somalia as well as protection to other vulnerable shipping off Somalia and to provide
Croatia takes over EU Naval Force World Food Program vessel protection duties from Serbia After three months of operating with the European Union Naval Force, a maritime protection team from Serbia handed over its World Food Program (WFP) vessel protection duties to Croatia. The handover ceremony took place on December 28, 2014, in Djibouti. The Serbian team has spent the past three months embarked in WFP vessel, MV MSM Douro
E2S Warning Signals have published a new ‘Guide for Hazardous areas’ which is available as a free download from their website. The guide has been put together with specifiers and hazardous area engineers in mind with matrix tables that enable fast cross-referencing of information between the main certification systems: ATEX, IECEx, North American and Canadian standards. Protection concepts are listed along with applicable zone
Maritech International has completed a USD $14.5 million a subsea power cable installation in for New Foundland Power Inc., Maritech announced. Maritech, a provider of subsea installations and marine works to the international oil and gas
Danelec Marine today announced the availability of conversion kits to facilitate replacement of older shipboard Voyage Data Recorders (VDRs) and Simplified Voyage Data Recorders (S-VDRs). Denmark-based Danelec has designed a full range of adapter plates with pre-drilled bolt holes
Outer Continental Shelf sand will protect infrastructure, restore dunes and habitat The U.S. Bureau of Ocean Energy Management (BOEM) and Naval Air Station Oceana at Dam Neck, Virginia, expect to begin a shore protection project at the Dam Neck annex within the next month.
Ferus Smit launched multipurpose vessel Nordana Sky in Leer on February 21. Nordana Sky, built as yard number 417, is the first in a series of six that will be delivered to Symphony Shipping. The ship will be chartered out to the Danish company Nordana and sail in her fleet after delivery
The Missile Defense Agency (MDA) and sailors aboard the USS Carney, USS Gonzalez, and USS Barry successfully completed a flight test involving the Aegis Ballistic Missile Defense (BMD) weapon system. At approximately 2:30 a.m. EST today
Hyster Company has delivered its first container handlers with Tier 4 Final engines to a terminal at the port of Los Angeles. The three Hyster H1050HD-CH trucks are ideally suited for ports and terminals, providing outstanding lifting capacity and superior performance.
Weego launched the compact and portable Jump Starter Battery+ for the marine market. Weego is pocket sized and capable of starting boats, cars, trucks, motorcycles, ATVs and more, as well as charging phones, tablets, speakers and other USB devices
The Harbour Master at Panjang has advised that ship owners must have marine insurance for shipwreck removal and/or protection indemnity. For all vessels of GT35 or more, the owner must have the vessel covered with Ship Body Removal insurance and or Lost Coverage.
Korea’s dry bulk shipping company Daebo International Shipping has reportedly filed an application for rehabilitation proceedings with a court in South Korea. Daebo is the third dry bulk shipping company to file for bankruptcy protection this month following China’s
Dozens of iron ore and coal carriers idled as Baltic dry index falls to all-time low. A second dry cargo shipper has filed for bankruptcy following a collapse in freight rates that has forced many companies to idle vessels used to haul iron ore
The world’s first ship to run on methanol will soon sail international waters after the fire risk assessment by SP Fire Research was approved. Methanol has long been handled with traditional fire protection in cargo pump-rooms on tankers
By the end of this year, the E- Class vessels are expected to steam through newly constructed three breakwaters and one revetment at Keamari Groyne of Karachi port coastline, reports the Dawn. Safe mooring alongside berths of Pakistan Deep Water Container Port (PDWCP) will welcome the
Following the recent announcement ordering 10 drybulk vessels, Cosco Group announced that it has sold eight old bulkers with a total capacity of 553,798 dwt for scrapping. The vessels were sold to different third parties for scrap for approximately RMB82.2m ($13.3m)
The emissions from Arctic shipping traffic could rise 150-600 percent by 2025, the environmental group Friends of the Earth reports. As global warming intensifies and Arctic sea ice melts, marine vessel traffic is expected to increase and amplify the levels of harmful pollution
Boskalis takes new semi-submersible heavy transport vessel and hopper dredger into service Royal Boskalis Westminster N.V. informed that Dockwise vessel White Marlin was named and christened during a ceremony in Guangzhou, China