Insurance

Sound Oil Secures EIA Approval for Nervesa

  Sound Oil, the European / Mediterranean focused upstream oil and gas company announced receipt of the final approval of the Environmental Impact Assessment ("EIA")

U.S. Calls for More Oil Train Inspections

  Oil train operators must have detailed information on hand about the possible risks of their cargo in case of an accident and perform more thorough checks before moving on the tracks, U.

UK P&I Club Issues Guidance on Yemen Conflict

UK P&I Club provides practical guidance in relation to contractual issues on the ongoing conflict in Yemen. Members are advised to contact the Club if they anticipate

RT to Frame Guidelines against Cyber Attacks

  The Round Table of international shipping associations (RT) comprising BIMCO, ICS, Intercargo and INTERTANKO announced today that they are developing standards

Nairobi Wreck Removal Convention Enters into Force

The Nairobi International Convention on the Removal of Wrecks enters into force on Tuesday, April 14, 2015. The Convention places strict liability on owners for locating,

U.S. Offshore Oil Drilling Rule Planned

The United States is planning to impose a major new regulation on offshore oil and gas drilling to try to prevent the kind of explosions that caused the catastrophic

Bradesco Asset Management Nominates 2 on Petrobras Board

  The assets management unit of Brazilian bank Bradesco has proposed two candidates for seats on the board of the state-run oil company Petroleo Brasileiro SA, or Petrobras.

Who Should Pay to Prevent Further Damage of Stricken Ships?

 Who – shipowner or insurer – should bear the costs of any action taken to prevent a stricken vessel from getting into further costly difficulties? A seminar organized

How to Approach Maritime Cyber Security

Be the Hammer, not the Nail when it comes to  Maritime Cyber Security Maritime security professionals understand the value of a layered approach to risk management.

LNG, Oil tankers Diverted from Yemen

Aden Refinery temporarily suspends tender process to import; Gasoil shipment headed for Yemen diverted towards Singapore. SINGAPORE, April 9 (Reuters) - At least

River Dance: Grounding Launches Runaway Barges, Coast Guard Investigation

It has been said that the vast majorities of collisions at sea occur in near perfect weather conditions. That trend can also be applied to the inland river system.

Markel Seminar Tackles Insolvency Issues

Markel International, the specialist insurer with a worldwide product portfolio, hosted a seminar on insolvency issues in Singapore earlier today. The seminar

4 Chaplains Foundation Recognizes Helix CEO

  On Thursday, March 19, 2015, Arthur H. Thomas, Sr., president and CEO of Helix Alliance, Inc., received the Chapel of Four Chaplains Legion of Honor Award. The award was presented by retired Capt.

Fatal Blaze at Platform

Four workers were killed and 16 were injured in a fire that broke out midweek at the Pemex-operated Abkatun Alpha platform in Mexico’s Bay of Campeche. Petroleos Mexicanos,

Salvage 101: The Importance of Cooperation

Cooperation between the shipowner, their underwriters, salvors and shore-based authorities is vital for a successful salvage operation and should begin at first notification of a casualty.

56 Dead as Russian trawler Sinks

Trawler with 132 crew sinks in freezing waters; rescue operation seeks missing crew. * Russia has poor safety record (Updates death toll, adds details) By Lidia Kelly MOSCOW,

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

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