IUA Supports LibDem Call For Action on Piracy

Friday, September 27, 2002
Marie-Louise Rossi, chief executive of the International Underwriting Association of London (IUA), has applauded a call by politicians in the U.K. to support measures to crack down on piracy and armed robbery at sea. And,in commending the initiative of the Liberal Democrats in drawing attention to increasing concern over piracy, Rossi also applauded the work currently being undertaken by IMO to address this issue. At their annual conference in Brighton this week, the Liberal Democrats approved a motion to eradicate armed robbery and piracy by pursuing bilateral and multilateral agreements between maritime nations and coastal states, by providing assistance to coastal states, and by pressing for flag states to make adequate relevant checks in connection with crew documentation, vessel registration and transparency of information. They also advocated working through IMO to ensure that seafarers received proper training under a strengthened STCW Convention. Marie-Louise Rossi congratulated delegates for including the piracy debate in their agenda, and told the conference that she strongly supported the motion. She added that, quite apart from the humanitarian issues involved, the issue was of great concern to underwriters of marine insurance, many of whom were members of the IUA. Piracy is one of the standard enumerated perils in policies of marine insurance. According to the ICC International Maritime Bureau, there were 370 reported cases of piracy and armed robbery against merchant ships last year. The actual figure is likely to be much higher, however, since many incidents are thought to go unreported.

People & Company News

STX to Slash Jobs, Sell Yard

To stat above water by restructuring, South Korean Shipbuilder STX Offshore & Shipbuilding Co. plans to lay off about a third of its workforce and sell a yard in France, says a report in WSJ.

Kongsberg Performs Well in Q2

Norwegian defence and marine technology company Kongsberg Gruppen's second quarter 2016 (Q2) financial results shows sales performance broadly in line with recent trends,

Rickmers Holding, E.R. Capital Drop Merger Plan

Rickmers Holding AG and E.R. Capital Holding have jointly decided not to pursue the merger of their ship management activities.   For many years the companies

Offshore

STX to Slash Jobs, Sell Yard

To stat above water by restructuring, South Korean Shipbuilder STX Offshore & Shipbuilding Co. plans to lay off about a third of its workforce and sell a yard in France, says a report in WSJ.

Onshore Spending on the Cusp of Recovery?

DW’s recently released quarterly World Oilfield Services Market Forecast (OFS) and World Oilfield Equipment Market Forecast (OFE) continue to suggest 2016 will

US Offshore Lease Sale Yields $18 Mln in High Bids

Today’s U.S. oil and gas Lease Sale 248 garnered $18,067,020 in high bids for 24 tracts covering 138,240 acres in the Western Gulf of Mexico Planning Area, announced

 
 
Maritime Contracts Maritime Security Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Ship Electronics Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0862 sec (12 req/sec)