Idling Fleet Continues to Surge

 Owners are rapidly laying up containerships as the market slows. The size of the idle fleet will get bigger while rates and profits slide, says Drewry Shipping Consultants Limited.

When Conducting Investigations Consider 'Privileges'

Whether voluntarily or as required by the International Safety Management Code, the American Waterways Operators’ (AWO) Responsible Carrier Program, or some other rule or regulation,

North Group Increases Projected Free Reserve

Directors of the North P&I Club and Sunderland Marine Insurance Company (North Group) have revised their projection for the group’s year-end free reserve up to $380 million,

American Club Announces 2.5% Increase

At its meeting in New York on November 20, the American Club’s board resolved to levy a general premium increase of 2.5 percent for P&I cover, but no increase in

British Forces Assist Stricken Cruise Liner

Military assets deployed in support of Falkland Island government in cruise ship rescue. In support of the Falkland Island Government, British forces based in

UK P&I Advises Shipowners on Stowaways

Stowaways onboard ships can often be a cause of significant costs for shipowners.   Amanda Hastings, UK P&I Club Claims Executive, reviews shipowners’ liabilities

Indian Ocean: No Insurance Premium Reduction Likely

 In October a number of trade bodies released a joint press release to formally announce a reduction of the High Risk Area (HRA).     Insurance companies have

North P&I Club Names de Groot Vice Chairman

North P&I Club has appointed Job de Groot of Van Oord as its new vice chairman, succeeding Lars Christensen of Norden, who stood down from the role as well as from

Ship Operating Costs to Rise Over Next Two Years

The cost of operating cargo ships is forecast to rise over the next two years after falling in 2015, according to the latest Ship Operating Costs Annual Review

Operations Continue for Sunken Lake Erie Barge

Salvage operations for the sunken tanker barge Argo in Lake Erie continue as the Unified Command proceeds with plans for product recovery. Crews will start prepping

Two Product Tankers Collide in the Arctic

Two Product tankers, Svyatoy Petr and Svyatoy Pavel collided during a passage of Northern Sea Route in convoy with nuclear icebreaker Vaygach.    The collision

Obama to Attend Paris Climate Summit

  President Barack Obama still plans to attend a global climate summit in Paris at the end of November despite the attacks claimed by Islamic State, a senior U.

Regulators tell Plains to Purge Shut California Oil Pipeline

  U.S. pipeline regulators have ordered Plains All American Pipeline LP to purge a California pipeline system of crude to prevent corrosion after a separate pipeline

Hurricane Energy Licence Division Approved

  Hurricane Energy plc, the UK-based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs infomred that the UK Oil and

OPEC Ready to Make Investments to Respond to Future Needs

  OPEC Secretary General Abdullah al-Badri said that despite uncertainties, OPEC members were ready to make the necessary investments to respond to the world's future energy needs.

North P&I Club Sets 2.5% Premium Increase

Directors of the 175 million GT, ‘A’ rated North P&I Club have set a general premium increase of 2.5 percent for both protection and indemnity (P&I) cover and freight

Aker Shipyard Declares Dividend

  On 4 November 2015, the Board of Directors of Aker Philadelphia Shipyard ASA resolved to pay a dividend to the shareholders of AKPS as of expiry of 10 November 2015, of USD 0.

NTSB Issues Update on El Faro Investigation

The National Transportation Safety Board has contracted with the U.S. Navy to locate the El Faro, document the wreckage and debris field and recover the voyage data recorder (VDR).

Norovirus’ Implications for Shipowners

Allegations of illnesses caused by being on board a ship can lead to significant costs for shipowners. UK P&I Club Senior Claims Executive Victoria Brown reviews

Four Drown, 6 Missing Refugees off Greece

Four refugees drowned and another six were missing off the Greek island of Farmakonisi after their boat sank, the Greek coastguard said on Monday. Four people were rescued,

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