Marine link
 

Workers Compensation Insurance

Great Lakes Shipyard Receives Safety Award

Great Lakes Shipyard, Cleveland, Ohio, has received the 2009 – 2010 Industry Leader Safety Award from the Signal Mutual Indemnity Association. This is the second time in recent years that the Great Lakes Shipyard was chosen to receive this award because of their outstanding safety performance with no “lost time” accidents. The shipyard’s commitment to safety is not new. The previous outstanding safety award was presented in 2004 - 2005. The company attributes its successful performance over the years to its extensive internal safety policies and training programs. Signal is the largest provider of Longshore and Harbor workers compensation insurance benefits in the United States. Longshore and Harbor workers compensation insurance is applicable to workers employed in shipyards and engaged in vessel construction and ship repair, as well as in other marine related occupations who are not eligible for state workers compensation insurance or Jone’s Act coverage, the later reserved for seafarers on board vessels as crewmen. Great Lakes Shipyard, a division of The Great Lakes Towing Company, operates a full-service shipyard and drydock in Cleveland, Ohio, specializes in all types of marine construction and vessel repairs including tugs, supply boats, ferries, barges, excursion vessels, dinner boats, research vessels, large yachts, and off-site topside work of every kind


How to Indentify a Jones Act Seaman

By Jeffrey S. Moller The maritime law community is awaiting the next pronouncement by the U.S. Supreme Court pertaining to the definition of a Jones Act seaman. In February, the high court announced that it would review the decision of the First Circuit Court of Appeals in Stewart v. Dutra Construction Co., Inc. The definition of seaman has proven to be a nagging problem; this will be the fifth time since 1991 that the Justices have tackled some aspect of the question.


Braving the Human Element in Safety

The maritime industry is notorious for braving the elements.   One element however — the human one — poses greater safety risk than rough seas or gale-force winds and is requiring more companies to take an aggressive approach in emphasizing every employee’s role in their risk management efforts.   While maritime companies have developed technologically sophisticated hull designs, stability systems, propulsion systems, and navigational equipment


Insurance Advice for Marinas & Shipyards

McDermott Costa Insurance Brokers offers risk-reducing advice to marinas & shipyards regarding third party vendors   Third party service providers can pose serious risk and liabilities for marina and shipyard owners. Without the proper due diligence these marine companies could find themselves footing large bills should a dispute occur.   As a California insurance agency that specializes in ocean marine insurance for boat yards, marinas, yacht clubs


BP Denied $700M in Insurance from Gulf Spill

The Texas Supreme Court on Friday ruled that BP Plc cannot claim about $700 million in insurance that was carried by offshore driller Transocean Ltd to cover the blowout of BP's Macondo well in 2010, the biggest offshore spill in U.S. history. The state's highest court, upholding the views of lower courts, ruled BP was covered by Transocean's insurance for pollution on the water's surface, but not under it. BP operated the well


IUMI Position Paper on the Offshore Safety Directive

Photo: European Space Agency (ESA)

 Neil Roberts, Manager, Marine and Aviation, Lloyd’s Market Association (LMA), United Kingdom, and International Union of Marine Insurance (IUMI) Ocean Hull Committee Secretary and Political Forum Liaison discuses  about the position paper published by IUMI.   The paper is published in response to the recent Commission report on liability, compensation and financial security for offshore oil and gas operations


New Rules for Oil Spill Compensation Enter Force

Increased levels of compensation will be available for victims of oil pollution from oil tanker accidents on 3 March 2005 with the entry into force of the 2003 Protocol establishing an International Oil Pollution Compensation Supplementary Fund. The Fund will supplement the compensation available under the 1992 Civil Liability Convention (CLC) and the International Convention on the Establishment of an International Fund for Compensation for Oil Pollution Damage (FUND), with an additional


China’s Oil Pollution Laws Worth Watching

The UK P&I Club offered the following briefing on Chinese marine pollution law. Ship owners and operators trading in Chinese waters face an extensive set of new legal and regulatory requirements governing their roles and responsibilities in oil pollution incidents. China’s Prevention and Control of Marine Pollution from Ships Regulation was implemented on 1st March 2010. It dovetails with the Marine Environment Protection Law of the People’s Republic of China


European Ship Passengers Have Rights Too

Europeans better protected legally when travelling by water from now onwards. As from 31 December 2012, passengers travelling by sea will have the right to claim compensation for loss or damage in the event of accidents. Passengers travelling by sea and inland waterways in the EU, and in particular disabled persons and persons with reduced mobility, will benefit from similar rights to those passengers travelling by air or by train. These new rights include:  


Understanding the Ups and Downs of Insurance

 Rich DeSimone is President of XL Group’s North America Marine business.  XL Group plc’s (NYSE: XL) insurance companies offer property, casualty, professional and specialty insurance products globally. w: http://www.xlgroup.com

Business is cyclical, and nowhere is there more evidence of its cyclical nature than in the insurance market, characterized by ups and downs in insurance premiums, coverages and profitability. By most accounts, the current insurance market has been one of the most competitive in recent memory.  With intense price-cutting and expanding coverages, these conditions are typical of a “soft” market which is very much a buyers’ market


Nairobi Wreck Removal Convention Explained

Photo: International Maritime Organization

 The International Maritime Organization (IMO)  treaty covering wreck removal is on the agenda at the 7th Maritime Salvage and Casualty Response Conference in London (7-8 September).    IMO’s Jan de Boer gave an insight into the Organization’s Nairobi Wreck


French Port Workers Join Labor Reform Strike

French CGT trade union port workers will join a nationwide strike against French labor reforms on Sept. 15, the union said on Monday, a move that could disrupt oil, grains and other commodities shipment at French ports. The hardline CGT union led rolling nationwide strikes against the labor


MN100: XL Catlin

(Photo: XL Catlin)

The Company: XL Group plc through its subsidiaries and under the XL Catlin brand, is a global insurance and reinsurance company providing property, casualty and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises throughout the world


Marine Premiums Drop 10%, Could get Worse

Patrizia Kern (Chairman)

The International Union of Marine Insurance – unveiling its annual statistical report on the marine insurance market at today’s conference in Genova, announced global underwriting premiums for 2015 of USD 29.9bn. This is a 10.5% reduction on the 2014 figure.


Myanmar accedes to CLC Protocol

Photo: International Maritime Organization (IMO)

 ​Myanmar has deposited its instrument of accession to the 1992 Protocol to the International Convention on Civil Liability for Oil Pollution Damage (CLC).    The efforts to bring the legislation into national law followed the participation of Myanmar at a five-day workshop hosted


Harry Diamond Celebrates 21 Yrs at WQIS

Harry Diamond, Vice President and Chief Claims Officer Photo WQIS

Harry Diamond, Vice President and Chief Claims Officer at WQIS, is celebrating 21 years with the company this year. Diamond is a graduate of LaSalle University with Bachelor of Arts degrees in social studies education and history; he also holds an Associate degree in Risk Management


EU Ship Recycling on the Radar

(Source: IGP&I) Image: Gard

 The European Union Ship Recycling Regulation has been effective since 2013 and applies to all ships entering ports and terminals of EU Member States.    While it is consistent with the broad objectives established in the International Maritime Organisation’s Hong Kong


Brexit Impact on Shipping and Sea Trade in UK

Image: Worldshipping.org

 Eversheds International says that UK trade would clearly be impacted by the Brexit vote.    "We saw an immediate effect on currency and share prices, although there are signs that the market is settling down after the initial post-vote furore," says a report by Eversheds


Ng Pock Appointed Dy Chair of OSS Asia Pacific

Dr. Ng Pock Too , Photo courtesy OOS Asia-Pacific Private Limited

OOS International BV has appointed Dr. Ng Pock Too as the Deputy Chairman of OOS Asia-Pacific Private Limited, a subsidiary of OOS International B.V., with effect from 28-July-2016. Dr. Ng will also serve as a supervisory board member to OOS International B.V..


5K Workers Lose Jobs in Korean Shipyards

Photo: Hyundai Heavy Industries

 According to a report by Korea Economic Daily the number of workers who left Korea's top-three shipbuilding companies - Hyundai Heavy Industries, Samsung Heavy Industries, and Daewoo Shipbuilding & Marine Engineering - in the first half of this year is estimated at around 5,000.  


The Economics of Ship Breaking & Scrapping

Photo Credit iStock rajami2

Sometimes being an industry supplier offers interesting insights – your business is touched by the ups and downs of the charter market, but you are never so involved in it that you lose sight of the big picture. Some of our clients have been hit hard by the market’s general downturn;


ABS Makes it Safer to ‘Walk to Work’

ABS promoting the security of life and property and preserving the natural environment through the development and verification of standards

ABS announced the publication of The ABS Guide for Certification of Offshore Access Gangways. The new Guide addresses certification for safety systems used for “walk to work” (W2W) crew transfers. “As advanced crew transfer options become the norm in the offshore oil and gas


MN100: MOPS Marine License Insurance

MOPS manager Randy ONeill (Photo: MOPS Marine License Insurance)

The Company: Since 1935, MOPS Marine License Insurance has defended the USCG licenses of mariners operating in every maritime sector in the United States. Its network of over 80 maritime law firms, representing almost 200 experienced maritime attorneys


ASV Global, TerraSond Complete First Unmanned Hydrographic Survey

C-Worker 5

ASV Global and TerraSond have completed a 5172 nautical mile hydrographic survey in the Bering Sea, off Alaska. TerraSond used the C-Worker 5 Autonomous Surface Vehicle (ASV) alongside its Q105 survey ship for a duration of 36 days. The C-Worker 5 completed 2275 nautical miles of survey lines


Containership Catches Fire in Hamburg

Photo: Hamburg Police

 A fire erupted aboard the 9,030 TEU containership CCNI Arauco berthed at the port of Hamburg, causing injuries to three workers. Hamburg police reported that the blaze broke out aboard the 300-meter Liberian flagged vessel while in harbor around noon local time.






 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright