Insurance

South Korean Ferry Incident Update

Almost 100 ships, 18 helicopters involved in rescue; as many as 340 people from one school thought to be on board. Accident may be South Korea's biggest in 20 years.

TT Club Signs Partnership in The Philippines

Specialist transport insurance provider, TT Club has appointed a network partner in The Philippines.  Del Rosario Pandiphil Inc. becomes the seventh such partner

Coast Guard Seeks Comment on New Safety Training

U.S. Coast Guard advance notice of proposed rulemaking seeks comments on maritime safety training requirements   The U.S. Coast Guard Monday, April 14, 2014,

Braemar Appoints Group Managing Director

The Board of Braemar Adjusting announced the appointment of Geoff Jones as Group Managing Director of the company with immediate effect. Grant Smith, Chief Executive Officer of Braemar Adjusting,

Padbury Mining Secures $6.5 Bln Port Funding

Australia's Padbury Mining Ltd said it had secured almost $6.5 billion in funding to build a new deepwater port and railway at Oakajee in Western Australia, potentially

Fitter Crews and Fewer Claims

The UK P&I Club’s Pre-Employment Medical Examination Program has just completed its 300,000th examination.   At the beginning of April, Edward Nefuda, a Second

TT Club Pinpoints Risks for Logistics Operators

The overwhelming majority of insurance claims analysed by TT Club have showed that costly damages and loss, as well as serious bodily injury can be prevented or

NTSB: Seastreak Allision due to loss of vessel control

The National Transportation Safety Board determined today that the ferry Seastreak Wall Street struck Pier 11 in Lower Manhattan in January 2013, because the captain

Energy Industry Needs Insurance Against Cyber Attacks

Energy companies have no insurance against major cyber attacks, reinsurance broker Willis said on Tuesday, likening the threat to a "time bomb" that could cost the industry billions of dollars.

Saltchuk Acquires Tropical Shipping

A subsidiary of Saltchuk Resources, a transportation and petroleum distribution company, has entered into a binding purchase and sale agreement to acquire Tropical Shipping and its related companies.

High Cost of English Litigation for Shipbrokers

A survey of London solicitors by ITIC has highlighted the high cost of litigation for shipbrokers and others seeking judgment in the English courts. ITIC gave

Seminar Stresses Port Security to Reduce Stowaways

Port facilities need to further strengthen their capacities for surveillance and access control, in order to reduce the incidence of stowaways, participants at

OIL Declares $300M Dividend

Oil Insurance Limited (OIL) held its 2014 Shareholder's Annual General Meeting (AGM) on Wednesday, March 26 at the Fairmont Southampton Hotel and conducted the

Offshore Risk Management Focus at SPE Event

Former Subsea 7 Global Insurance Director, Robert Armstrong, will present on the topic of "Contractual Risk Management from an Insurance Perspective" at a Society

Growth for the Swedish Club

The Swedish Club announced to its board today a significant increase in financial strength, with a positive underwriting outcome and investment earnings leading

DGS Reports Significant P&I Growth

Increase take-up following 2014 P&I renewals as ship owners look to cut operating costs and control insurance spend DGS Marine, a global P&I (protection and indemnity) management provider,

TT Club Strengthens Middle East Presence

Specialist freight transport insurance provider TT Club said it is reinforcing its presence in Dubai with a move which aims to support the Club’s existing claims

New DPO Certification Authority Announced

OSVDPA seeks to start training and certifying DPOs by the end of this year. A new organization, the Offshore Service Vessel Dynamic Positioning Authority, Inc.

Denmark Updates Insurance Claims Requirements

Ships without P&I insurance for maritime claims must inform the Danish Maritime Authority about their insurance Danish ships with a gross tonnage of or above

Marine Casualty Reports – Clarified

So you think you know when to make a marine casualty report? There has been a lot of confusion over the years as to when to make a marine casualty report with regard to certain incidents.

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