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
Guardian Maritime announced that GUARDIAN antipiracy barriers are now available to lease. A passive solution against the threat of piracy, GUARDIAN ship protection system provides worldwide 24/7 protection against stowaways, robbery and piracy for vessels, crew and cargo at sea, anchor or in port, as well as static installations such as oil rigs. Offering an affordable solution, with no initial outlay, the GUARDIAN leasing scheme provides the flexibility of a passive solution
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
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
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.
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
Shipping luminaries gathered recently in New York to discuss issues and recognize achievements at the 2013 North American World Maritime Day and NAMEPA (North American Marine Environment Protection Association) Marine Environment Protection Awards Dinner. “NAMEPA was honored to host this annual event, and gratified by the interest and participation at the highest levels of shipping in our industry” stated NAMEPA Chairman Clay Maitland
The International Maritime Organization (IMO) has introduced new requirements for the fire protection of on-deck cargo areas. The new requirements, which will be added to SOLAS regulation II-2/10, apply to all ships designed to carry containers that are constructed on or after January 1, 2016. The new regulations stipulate that new ships designed to carry containers on or above the weather deck shall be fitted with at least one water mist lance
Fednav Limited, an international bulk shipowner in Canada, has welcomed to the Port of Indiana – Burns Harbor, the Federal Caribou, one of seven new oceangoing lakers equipped with a ballast water treatment system—a first for the Great Lakes
Researchers from the U.S. National Oceanic and Atmospheric Administration (NOAA) and its partners are set to visit what remains of two ships—a German U-boat and a Nicaraguan freighter – which sank off Cape Hatteras during World War II’s “Battle of the Atlantic
Pollution around the Port of Long Beach has been dramatically cut over the last decade, however, according to the latest study, lingering effects from ships at anchor in early 2015 impacted air quality last year. The 2015 annual inventory of port-related air emissions
Fednav Limited, the largest international bulk shipowner in Canada, welcomed to the Port of Indiana-Burns Harbor, the Federal Caribou, one of seven new oceangoing lakers equipped with a ballast water treatment system-a first for the Great Lakes.
China has set up a 15 million yuan ($2.25 million) environmental protection fund for the South China Sea having already spent double that in the past four years, the Xinhua state news agency said on Monday. The Permanent Court of Arbitration in The Hague ruled this month that China did not have
BMT Surveys (BMT), a subsidiary of BMT Group, the international maritime design, engineering and risk management consultancy, has been engaged by Friend of the Sea to investigate whether specialized reefer vessels comply with the broad set of requirements to qualify for certification.
An International Maritime Organization (IMO)-led workshop in Maputo, Mozambique is supporting countries in south-eastern Africa in implementing the STCW (Standards of Training, Certification and Watchkeeping ) Convention, which establishes international standards for training
The Seoul Central District Court begins a rehabilitation process for STX Heavy Industries Co, after the financially strapped company applied for protection late last month, reports Yonhap. STX Heavy Industries is the latest victim in South Korea's faltering maritime industry
Recent security exercises in the English Channel involving military personnel on board ships have sparked heightened media interest in maritime security in the region. As a result, International Maritime Organization (IMO)'s work in this field has been highlighted on the UK
International Maritime Organization (IMO) has launched a website for GloMEEP energy efficiency project. IMO’s continuing efforts to promote environmentally sound shipping received a boost today with the launch of Glomeep.imo.org.
During the incident involving Dream II Very Large Crude Carrier (VLCC) and MSC Alexandra (Container Ship) on 3rd August, 10 empty containers fell overboard. (See report in Marinelink ) Of these, five fell overboard onto the deck of Dream II VLCC and another five fell into the sea
Sete Brasil Participações SA presented a draft reorganization plan on Friday that includes seeking up to $5 billion in funding and downsizing business, three months after the Brazilian rig leaser sought court protection against 18 billion reais ($5.7 billion) in looming debt payments
Parker Bestobell Marine, a supplier of cryogenic valves and part of Parker, a leader in motion and control technologies, has received a major new order from DSME (Daewoo Shipbuilding & Marine Engineering) in South Korea to supply cryogenic valves for three new vessels.
The Company: The Schottel Group is one of the world’s leading manufacturers of propulsion and steering systems for ships and offshore applications. Founded in 1921, the company develops and manufactures azimuth propulsion and maneuvering systems
According to PGI’s Risk Portal, there were at least 81 incidents of piracy or attempted piracy in or around the Singapore and Malacca Straits between April 2015 and April 2016. The majority of these incidents have occurred on the western approach to the narrow waterway