Insurance

Shell CEO Backs Fossil Fuels, Climate Change Warnings

  The world's fossil fuel reserves cannot be burned unless some way is found to capture their carbon emissions, Royal Dutch Shell Plc Chief Executive Officer Ben van Beurden said on Friday.

CMA CGM Implements War Risk Surcharge in Yemen

French container shipping company CMA CGM said it has implemented a War Risk Surcharge on all shipments to Hodeidah, Yemen.   Applicable with immediate effect,

Freeport LNG Was Not Advised Against Inviting Chinese Investors

  The head of Freeport LNG on Friday said that the U.S. Department of Energy did not advise against inviting Chinese investment in the company's Texas export plant,

Challenges Ahead for Marine Insurance

 The marine insurance sector is undergoing a rapid period of change and it is critical that insurers understand the risks the industry is facing and offer products that match these new trends,

Tanker Attacked in Gulf Collided with Iran Oil Platform in March

A Singapore-flagged oil products tanker fired at by Iranian craft on Thursday had previously collided with an Iranian oil drilling platform in March and efforts

Naval Architects Count the Cost of Ship Design Errors

International Transport Intermediaries Club (ITIC) says recent claims experience demonstrates that naval architects need to be aware of the need to protect against

Steamship Reports Strongest Results

The Steamship Mutual Underwriting Association (Bermuda)  achieved a combined ratio of 78.6% for the 2014-2015 policy year, one of the strongest results in its 100-plus years of existence.

Incident Highlights Importance of Enclosed Space Entry Drills

The London P&I Club says a recent claims incident resulting in the deaths of two crew members on board a bulk carrier loaded with coal underlines the importance

Enbridge Settles 2010 Michigan Spill for $75 mln

Enbridge Energy and its affiliated will pay $75 million to settle a 2010 oil spill into Michigan's Talmadge Creek and Kalamazoo River that dumped 800,000 gallons of oil,

Ameritex Fabric Systems Debuts "Weatherguard"

  Ameritex Fabric Systems, a member of the Taylor Made Group and the leading supplier of engineered canvas enclosures, tops and covers for OEM boatbuilders, is introducing a new,

Seminar Highlights Freight Liability in Russia

International freight insurer TT Club convened a special seminar at the recent conference on transport and logistics, Trans Russia in Moscow.  Lead by TT Club’s General Manager,

Libya Shells Turkish Cargo Ship, One Dead

Turkey says vessel was carrying plasterboard to Tobruk. Forces loyal to Libya's internationally recognised government said on Monday they shelled a Turkish ship

Rickmers: Maersk Tigris Released by Iran, Crew safe

Iran has released a Marshall-Islands flagged container ship and its crew which were seized last month in one of the world's major oil shipping lanes, the vessel's operator said on Thursday.

Syzran Refinery Upgrades totally to Euro 5 Diesel

  Syzran Refinery, a Rosneft subsidiary, has switched completely to Euro 5 diesel fuel as part of its large-scale investment program to upgrade operations. This

Novamar Insurance Group Expands Yacht Insurance Program

Novamar Insurance Group, Inc. has expanded its proprietary "Novamar Offshore" Yacht Insurance Program.  Yacht owners can now insure their vessels while cruising

Indian Sailors Return Home after Five Month

 Fourteen Indian troopers, who have been stranded on board an oil tanker off the coast of Bahrain since December have lastly left for home, says a report in Gulf Daily news.

The Swedish Club Hosts Marine Insurance Course

The Swedish Club received a vote of confidence from its members this week when it opened the doors on the 2015 Marine Insurance Course, again held at the Club’s head office in Gothenburg.

USCG Establishes Diver Specialty

  The Coast Guard announced Wednesday the establishment of the diver enlisted rating and corresponding chief warrant officer specialty. About 50 enlisted personnel

France Total's Moroccan Unit to Raise $75 mln in IPO

  Total Maroc, owned by France's Total, plans to raise between 612 million dirhams and 720 million dirhams ($74.48 million) in an initial public share offer, Moroccan

Diana Shipping Signs Loan Facility with Danish Ship Finance

  Diana Shipping Inc. a global shipping company specializing in the ownership of dry bulk vessels, today announced that it has completed a drawdown of US$30 million,

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