Insurance

S.Korea to Pay $380,000 to Ferry Victims Families

The South Korean government said on Wednesday it would pay about 420 million won ($380,000) as compensation for each of the 250 students who died or remain missing from last year's ferry disaster,

Hurricane-Strength Winds Batter European Ports, Traffic

Hurricane-force winds lashed parts of northern Europe on Tuesday, including Germany and the Netherlands, causing flights to be cancelled, snarling some train services and hitting port traffic.

Illegal Fishing Threatens to Revive Somali Piracy

Somali officials say foreign ships plundering fish stocks; Somali piracy greatly reduced due to security measures. A rise in illegal fishing off Somalia could spark a resurgence in piracy,

Calecore Enters Into Administration

Norfolk, UK-based offshore site investigation company Calecore has entered into administration, the company announced today.   Joint administrators Matt Howard

Reopening Date of Libya Oil Ports Uncertain

It is too early to say when Libyan oil ports Es Sider and Ras Lanuf can reopen after a force loyal to a self-declared Tripoli government pulled out troops from frontlines near to the terminals,

Lack of Ship Definition is a Threat to Investors

AKD says the lack of an unambiguous term to describe a ‘ship’ in several jurisdictions represents a potential threat to asset security for financiers, particularly

Swedish Club Reports 'Healthy Growth'

The Swedish Club reported a solid operating result to its board today, continuing a record of building on steady growth. 2014 was seen as a stable year, where the

Steady Growth Reported by the Swedish Club

  The Swedish Club reported a solid operating result to its board today, continuing a record of building on steady growth. 2014 was seen as a stable year, where

No Risk in a Curious Career Path

Identifying, understanding and mitigating risk are all at the heart of PJ Jacquelin’s unique career. Where he came from first has made all the difference. PJ

The Bigger the Ship, the Riskier

 Container ship safety is under the spotlight with ever-increasing ship sizes, as evidenced by the January 2015 inauguration of the world’s largest container ship, the MSC Oscar (19,224 teu).

Marine Claims Insurance Reminder by Danish Authority

  If you own a ship with a gross tonnage (GT) of or above 300, you must inform the Danish Maritime Authority about your insurance for maritime claims by 31 March 2015.

TT Club Warns Baltic Ports to Protect Against Reputational Damage

Speaking during Baltic Transport Week in Gdansk this week Andrew Huxley, Development Director at freight transport insurance specialist TT Club, warned port and

Hughes to Lead Assent’s Maritime Business Development

Assent Medical Cost Management has named Renee Hughes as the Senior Business Development Executive. Hughes will direct business development for domestic and international

Insights: Steven Candito, President & CEO, NRC

This month’s featured INSIGHTS executive is Steven A. Candito, President and CEO of the National Response Corporation (NRC). He has extensive experience with OPA

Aker Philadelphia Shipyard Finalizes $60M Loan

  Aker Philadelphia Shipyard ASA informed that its wholly-owned U.S. subsidiary, Aker Philadelphia Shipyard, Inc. (APSI), has executed definitive documentation with PIDC Regional Center,

Court: Vens to Pay Tidewater $46 mln

A World Bank tribunal has ordered Venezuela to pay oil service company Tidewater around $46 million in compensation for seized vessels, in a decision the South American country hailed as a victory.

Rescue Sheet for Liebherr Mobile Cranes

  * Rescue sheet provides information about the structure of the crane and hazardous substances  * The aim is to enable the fast rescue of passengers and the

New Mexico Oil Field Blast Kills One, Injures Another

An explosion at an oil field in southeastern New Mexico killed one worker and seriously injured another while the men were installing a drilling pipe on Wednesday afternoon,

Canada Port Reopens After Fire

Port Metro Vancouver said on Thursday that operations had resumed at most port facilities shut by a shipping container fire the day before, but its Centerm container terminal was still closed.

Rescue 21 Achieves 'SOLAS' Declaration from DHS

  The U.S. Coast Guard is declaring 'Sea Area A1' service in certain areas off the coast of the United States based on the performance of the General Dynamics-built Rescue 21 system.

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