Insurance

High Seas Becoming Less Secure

  Despite the significant reduction in piracy attacks over the last few years it is now widely accepted by the maritime community that the safety of the High Seas

UK P&I Club Helps Members ID, Manage Risk

The UK P&I Club is trialling a new self-assessment scheme for its entered ships.   The scheme is designed to help the Club’s shipowner Members take a more hands-on

Marine Insurance & the “Human Factor”

Insurance underwriters of diversified maritime exposures see a wide variety of approaches taken by vessel operators to manage human error to control risk. They

Night Moves on America's Waterways

Overnight operations are certainly not unusual on America’s inland waterways, but that doesn’t make them any less hazardous. Onboard activities that seem so straightforward

DGS Marine Advises Fixed Premium P&I Cover

  DGS Marine, a leading global P&I management provider and exclusive manager for the British European and Overseas (BE&O) P&I facility, has highlighted the benefits

Russian Firms Face Huge Insurance Costs as Foreign Providers Flee

Russian companies face billions of dollars in extra insurance costs as Western sanctions prompt foreign insurance firms to start pulling out, worried that any business

OW Bunker Board did not Approve Ill-Fated Credit Line

The board of OW Bunker did not approve a large credit line and had been "extremely surprised" by a huge trading loss, the chairman said on Thursday, referring to

WQIS President Hobbie to Retire

WQIS announces senior leadership change as president Richard Hobbie sets retirement Richard Hobbie III will retire from his position as President & CEO of the

North P&I Club Announce 4.75% Increase

Directors of the 180 million GT North P&I club have decided on an overall premium increase of 4.75% for mutual protection and indemnity (P&I) cover next year, with a minimum increase per member of 2.

Courts Upholds BP 'gross negligence' Gulf Spill Ruling

A U.S. judge weighing how much BP Plc should be punished for the 2010 Gulf of Mexico oil spill on Thursday refused to overturn his own finding that the oil company's conduct was "grossly negligent.

London P&I Club: Focus on Night Orders

The London P&I Club says its ship inspection department has recently observed a number of negative findings in connection with masters’ night order books. In

Convicted Crew of Korean Ferry File Appeals

Eight of the 15 surviving crew members of a South Korean ferry that capsized in April have filed for appeal against their convictions on negligence charges in the

The Pitfalls of Confidentiality Agreements

ITIC has advised shipbrokers, consultants and other advisers not to sign confidentiality agreements which restrict their ability to do business. Noting that

S. Korea Prosecutor to Appeal Ferry Crew Verdicts

A South Korean prosecutor said on Tuesday his team would appeal against court rulings on the 15 crew of a capsized ferry who were given prison terms ranging from five to 36 years.

S.Korea Ferry Captain Gets 36 years

The captain of a South Korean ferry that capsized in April killing 304 passengers was jailed for 36 years on Tuesday after a court found him guilty of negligence,

Caterpillar's Rich Moore to Speak at Goldman Sachs 2014

  Caterpillar Inc. Director of Investor Relations Rich Moore will speak at the Goldman Sachs 2014 Industrials Conference on Thursday, November 13. He is scheduled to speak at 11:20 a.

Contamination: Primary Cause of Tank Container Claims

Freight transport insurer TT Club reveals detailed results of its claims survey highlighting tank container incidents: contamination accounts for nearly half with

LOC Establishes Mumbai Office

London Offshore Consultants (LOC) has opened an office in the district of Vile Parle East in Mumbai, India. Paul Miles, Regional Head of the Middle East, India and Caspian for the LOC Group said,

Seminar Delivers P&I Insights in Cyprus

DGS Marine held the first BE&O P&I Seminar in Limassol, Cyprus.   Hosted by Captain Andreas Efthimiades, Head of DGS Marine’s Cyprus office and Director of Claims,

Staying The Same is Not Good Enough - OPITO

  Global safety standards body, OPITO, says safety in the oil and gas industry is still not good enough despite a five year improvement in the Middle-east.  At

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