Insurance

MN100: 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,

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

Oil Up as Yemen Missiles Hit Saudi Oil Facilities

Oil prices rose about 2 percent on Friday after reports of Yemeni missiles hitting Saudi Arabia's oil facilities.   Yemeni forces have fired ballistic missiles

Steamship Mutual Receives Rating Upgrade

The Managers have reported that on August 24, Standard & Poor’s (S&P) raised their interactive financial strength rating of the Club to A with a stable outlook.

Vitol's Malaysia Terminal Suspends Ops after Spill

VTTI, the storage unit of world's largest oil trader Vitol, has suspended operations at its terminal in southern Malaysia following an oil spill, two industry sources said on Friday.

The Importance of Correctly Fit Bulldog Grips

Tony Watson, Risk Assessor at UK P&I Club, advises on the correct application of bulldog grips in order to minimize damage to cargo.   Bulldog grips are commonly

El Faro Captain Ordered Crew to Abandon Ship before Sinking

The captain of the doomed El Faro cargo ship sounded an alarm for his crew to abandon the vessel shortly before it sank last fall in a hurricane near the Bahamas, killing all 33 onboard, the U.

Investors to Acquire $1.5 bln Shipping Portfolio from NORD/LB

NORD/LB Norddeutsche Landesbank and KKR Credit have reached an agreement by which, subject to completion of certain conditions precedents, KKR Credit, together

27% of Ship Incidents Stem from Misdeclared Cargo

UK P&I Club Risk Assessor David Nichol discusses the carriage of dangerous goods and issues associated with misdeclaration.  Data captured by the Cargo Incident

The Swedish Club Reports Solid Performance

The Swedish Club demonstrated a solid performance in the first six months of the accounting year with the announcement of its half-year results today. With balanced underwriting,

Hong Kong Shipping Group Wants Aid to Arrested Ship's Crew

The Hong Kong Shipowners Association (HKSOA) on Thursday called on the city's authorities to provide assistance to the crew of a Hong Kong-flagged coal ship off

Boat Collision Claims Four Lives off Greece's Aegina

Four people, including a nine-year-old child, died and four were injured after a boat with about 20 people on board and a speedboat collided off the Greek holiday

Fire at Phillips 66 Louisiana Refinery Out, No Injuries

A fire in a processing unit on Monday at Phillips 66's 260,000 barrel per day Lake Charles refinery in Louisiana, has been put out, an emergency management official said.

'Seafarers' Protection Act' Protects Filipino Seafarers

Tony Nicholson, Senior Claims Director at UK P&I Club, outlines concerns around the Philippine legal system and  praises the new ‘Seafarers Protection Act’.    “Filipino

Grounded Bulk Carrier Refloated in Washington

The U.S. Coast Guard is responding to an incident involving a motor vessel that grounded in the Columbia River near Skamokawa, Washington, Friday night.   The motor vessel Rosco Palm,

Fishermen Rescued from Liferaft West of Cape Blanco

The Coast Guard rescued three fishermen from a liferaft 8 miles west of Cape Blanco at 1:15 p.m., Sunday. The three fishermen, reportedly uninjured, are aboard

Seacurus: Yachting Sector Seafarers Need Attention

Specialist marine insurance intermediary Seacurus has called for more flag states to establish a process of compulsory registration for all providers of Seafarer

UK P&I Warns of the Risks Associated with Snap-back Zones

UK P&I Club Risk Assessor David Nichol discusses the process of identifying and marking snap-back zones and highlights the precautions that should be taken on board ships.

Braemar Adjusting agrees Strategic Partnership in S. America

Braemar Adjusting has agreed a strategic partnership with Beckett Liquidadores de Seguros S.A of Chile, to act as its local resource partner in a number of countries in South America.

Fidelis Group Holdings Names Kirchhofer VP of Marine Division

Fidelis Group Holdings, LLC (FGH), with its subsidiary Continental Underwriters, Ltd., has hired John Kirchhofer as Vice President of its Marine Division.   In this position,

 
 
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