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.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

NASSCO Lays Keel for Jones Act Tanker Liberty

U.S. shipbuilder General Dynamics NASSCO hosted a keel laying ceremony on Thursday, May 26 for the Liberty, one of three new ECO Class Jones Act tankers under a

DSC Dredge Receives President’s E-Star Award

DSC Dredge, LLC, based in Reserve, La., has received the 2016 President’s “E-Star” Award for exports.   In a ceremony held on May 16, 2016, at the U.S. Department

TT Club Reports Robust Financial Results for 2015

TT Club has announced its financial results for the year ended December 31, 2015, and AM Best affirms its A- (Excellent) rating for the 10th consecutive year.   Knud Pontoppidan,

Offshore

Hercules Offshore Filing for Bankruptcy Again

Hercules Offshore Inc said it planned to file for prepackaged Chapter 11 bankruptcy, just six months after the rig contractor emerged from bankruptcy protection.

DONG Energy Listing to Value Group at up to $16 Bln

DONG Energy's has set a potential $16 billion price tag on its stock market debut, giving investors a chance to buy into the growth in offshore wind power, but

Østensjø Rederi Orders Another Wind Farm Vessel

Rolls-Royce has signed a contract with shipyard Astilleros Gondan in Spain to design and equip a second Service Operation Vessel for ship owner Østensjø Rederi.

 
 
Maritime Security Maritime Standards Naval Architecture Offshore Oil Pipelines Port Authority Ship Electronics Ship Repair Ship Simulators Sonar
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: 0.0863 sec (12 req/sec)