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
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
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
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.
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 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
Germanischer Lloyd has issued rules for corrosion protection in crude oil tanks, to increases the service life, reduces maintenance and renders better resale opportunity. This protection system is being documented in a special class notation "Cargo Tank Coating.” "Cargo Tank Coating" defines the coating details, including specification of where to coat how, the surface preparation as well as the surveying process. In the course of the year
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
The USCG has honored AWO members Crowley Marine Services, Inc. and Southern Towing Company with the William M. Benkert Award for excellence in marine environmental protection. Benkert Awards for the year 2000 competition were presented in four categories: large and small vessel operating companies, and large and small marine facility operators. AWO member Crowley Marine Services, Inc., headquartered in Seattle, won the large vessel category
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.
The European Parliament today passed a resolution calling for a protected area around the North Pole which could ban oil companies and industrial fishing fleets from the region. The text echoes the demands of an international campaign which has attracted the support of over five million people
Orolia (NYSE Alternext Paris – FR0010501015 – ALORO), global specialist in critical Global Navigation Satellite System solutions, and Transas Group, global leader in maritime simulation, navigation and surveillance systems, today announced that they have signed a Memorandum of
Classification society ABS inform that on Tuesday, 18 March 2014, ABS Vice President for Global Gas Solution Patrick Janssens will present an ABS report entitled Bunkering of Liquefied Natural-Gas Fueled Marine Vessels in North America at CMA’s Shipping 2014.
Brazilian tycoon Eike Batista's bankrupt shipmaker and sister oil company are extending tests in the offshore Tubarão Azul field until March 7, according to a Wednesday securities filing. OSX Brasil SA said its OSX-1 platform would continue tests in the field operated by Oleo e Gas
Vessel operators press for uniform national vessel discharge regulation On March 4, in testimony before the Coast Guard Maritime Transportation Subcommittee of the House Transportation and Infrastructure Committee, Tom Allegretti, President & CEO of The American Waterways Operators
Russian Maritime Register of Shipping (RS) said it has certified the Caspian Sea Oil Fleet quality management system for compliance with the requirements of ISO 9001:2008, ISO 14001:2004, OHSAS 18001:2007 standards, as well as the Azerbaijan State Marine Academy for compliance with ISO
The Subcommittee on Coast Guard and Maritime Transportation, chaired by Rep. Duncan Hunter (R-Calif.), will hold a hearing next week examining the impacts of federal environmental regulations on maritime transportation. This will be the second part of a two-part hearing to review the status
The initial implementation of the United States Environmental Protection Agency’s (EPA) Vessel General Permit (VGP) is now theoretically astern of the marine industry, but unlike any other new regulatory effort, this one has numerous unintended consequences
The Federal Maritime Commission (FMC) granted a passenger vessel operator a decrease in the amount of financial responsibility it is required to maintain to reimburse passengers when an operator fails to perform cruises as contracted.
Enclosure specialist Intertec is supplying high performance environmental protection cabinets for Shell’s Prelude floating liquefied natural gas project. Designed specifically for extended service life in hazardous areas, the shelters incorporate innovative semi-passive cooling technology
The U.S. Navy, in partnership with other federal and local agencies, removed approximately 540 gallons of the remaining diesel fuel from the grounded Japanese commercial fishing vessel Daiki Maru 7 in outer Apra Harbor Feb. 18. On Feb. 16
Decision Sciences International Corporation (DSIC), an advanced technology provider of security and detection systems, today announced that The Honorable Jayson P. Ahern, former Acting Commissioner of U.S. Customs & Border Protection, was appointed to the company's Advisory Board
The U.S. Navy, in partnership with other federal and local agencies, has deployed teams to assess and respond to potential environmental impacts due to the grounding of the Japanese commercial fishing vessel Daiki Maru in outer Apra Harbor Feb. 13.
Qatargas say that their chartered LNG ships carried out the first ever transfer operation between two Q-Flex type ships following an incident involving one of the ships while transiting the Singapore straits. Whilst there were no reported injuries to personnel or impact on the environment
At the SMM Ship Finance Forum just ahead of SMM, the leading international maritime trade fair hamburg, experts will discuss the potential and prospects for new ship financing models. In spite of low newbuilding prices, the total number of ship orders is declining around the world