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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.


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


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


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


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


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


Committee Cuts $250M from Navy’s Hurricane Aid Request

The House appropriators’ decision to slash $250 million from the Navy’s funding request to aid Gulf Coast shipyards ravaged by Hurricane Katrina is worrying Navy officials who fear the move can result in shipbuilding delays and cost increases, The Hill reported. But House appropriators will likely have to debate with their Senate counterparts during conference negotiations over supplemental spending bills for the war on terrorism and disaster assistance


Argentine Port Strike May Cut Soy Flow, Raise World Food Prices

Argentina's main grains port of Rosario was paralyzed at midday on Wednesday by an open-ended wage strike by boat captains needed to help dock incoming cargo ships, the country's port management chamber said.   At a busy time of the year for exporters


Deadly Fire on Pemex Oil Platform to Cost up to $780m

Losses associated with a deadly explosion on an offshore oil platform owned by Mexican state-run company Pemex will total as much as $780 million, a source close to the discussions said on Tuesday.   The fire that engulfed the Abkatun A-Permanente platform on the southern rim of the Gulf of


Logistics and Warehouse Insurance: Understanding its Complexity

Virginia Cameron

In October 2013, a fire blazed through Brazil’s Santos port, destroying six warehouses and the 180,000 tons of raw sugar inside Sugar Company Copersucar’s terminal. The fire hit all of the sugar giant’s warehouses at the port and left many exporters holding contracts for sugar


Vopak Workers Plan One Day Strike at 11 Dutch Terminals

Vopak workers are planning strike action at all 11 of the company's oil, gas and chemical terminals in the Netherlands on April 22, union officials said on Wednesday.   Union official Albert van Damme said the strike action would effectively halt operations at the terminals during the


Canada Releases Tanker Safety System Report

The Government of Canada has released the second report of the independent Tanker Safety Expert Panel, “A Review of Canada’s Ship-source Spill Preparedness and Response: Setting the Course for the Future, Phase II – Requirements for the Arctic and for Hazardous and Noxious


How to Approach Maritime Cyber Security

Luke Ritter

Be the Hammer, not the Nail when it comes to  Maritime Cyber Security Maritime security professionals understand the value of a layered approach to risk management. Cyber security posture continues to develop as a critical component of a maritime security strategy


Ampelmann Names New CEO

Photo: Ampelmann

Developer of motion compensation solutions Ampelmann announced that its supervisory board has appointed Jim Craig as the company’s new chief executive officer, effective immediately.   Craig brings more than 25 years of energy industry experience to the role


Fatal Blaze at Platform

fire that broke out midweek at the Pemex-operated Abkatun Alpha platform. Courtesy Pemex

Four workers were killed and 16 were injured in a fire that broke out midweek at the Pemex-operated Abkatun Alpha platform in Mexico’s Bay of Campeche. Petroleos Mexicanos, with the support of the Navy succeeded in extinguishing the blaze. 


S.Korea to Pay $380,000 to Ferry Victims Families

The South Korean government said on Wednesday it would pay about 420 million won ($380,000) as compensation for each of the 250 students who died or remain missing from last year's ferry disaster, in the first settlement offer to victims' families.


Marine Claims Insurance Reminder by Danish Authority

Need to take insurance to cover maritime claims

  If you own a ship with a gross tonnage (GT) of or above 300, you must inform the Danish Maritime Authority about your insurance for maritime claims by 31 March 2015. The requirement does not apply to foreign ships. It is about time to check your insurance for maritime claims.


Motion Compensation Crane Delivered

Photo: Barge Master

Barge Master has delivered its first Barge Master T40 (BM-T40) motion compensated knuckle boom crane, the company announced.   The BM-T40, installed on Wagenborg’s ‘Walk to Work’ vessel the Kroonborg, compensates for sea induced vessel motions in roll


Offshore Accommodation Market – A Focus on Welfare

The global offshore accommodation market has seen significant growth over the past five years, with PoB requirements increasing by 27% between 2009 and 2014. Although the recent oil price decline has negatively impacted the accommodation market to some extent


Court: Vens to Pay Tidewater $46 mln

A World Bank tribunal has ordered Venezuela to pay oil service company Tidewater around $46 million in compensation for seized vessels, in a decision the South American country hailed as a victory. The claim, one of many similar cases, stems from the 14-year rule of late leader Hugo Chavez


Indian Port Workers Drop Strike Proposal

Image: Kandla Port Trust

 The Port and Dock Workers Federation (AITUC) has decided to defer the strike proposed from March 16, in view of the Central Labour Commissioner appointing a committee to study the demands and grievances of workers and employees of major ports.  


Cook Islands to Issue Wreck Removal Certificates

Glenn Armstrong, Managing Director of Maritime Cook Islands, the Cook Islands registry administrator. Courtesy MCI

  The Cook Islands has acceded to the Nairobi International Convention on the Removal of Wrecks, 2007 (“The Nairobi Convention”). As a State Party, Cook Islands will issue Wreck Removal Certificates to its own ships and also to ships flying the flags of states that have not yet






 
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