Insurance

NYK Hosts Safety Conference

Over three dates in July, NYK hosted a safety promotion conference for shipowners and ship-management companies at the NYK head office in Tokyo and at Imabari city in Ehime prefecture.

Coast Guard Monitors Oil Recovery Ops near Bayonne, NJ

Coast Guard crews are continuing to monitor oil recovery operations (ORO) in the water near the International-Matex Tank Terminal (IMTT) Bayonne, New Jersey, Monday.

Boxships Collide in Port Klang, Malaysia

The container ships MOL Empire and Northern Democrat collided at around 1430 LT Aug 1 in Westport harbor at Port Klang, Malaysia, reportedly while mooring.   Container or containers fell overboard,

Exxon Resumes Production in Indonesia's Cepu

  Exxon Mobil said will resume production activities in Cepu oil block on Sunday after a workers' incident a day earlier forced the company to halt production of as much as 55,000 barrels per day.

AEU Presents Safety Awards

The American Equity Underwriters, Inc. (AEU) presented its 2014 Safety Awards at the annual American Longshore Mutual Association, Ltd. (ALMA) Conference on July 19, 2015, in Key Biscayne, Fla.

Iraq-Turkey Pipeline Attacked; Flow Halted

Oil flow on an Iraqi pipeline carrying Kirkuk and Kurdish oil to Turkey's Mediterranean port of Ceyhan has been halted after saboteours attacked it, Turkish Energy

Spill Charge Pares BP Profit

BP takes $10.8 bln pretax charge after $18.7 bln settlement. BP's second-quarter profit slumped by nearly two thirds from a year ago as it grappled with lower crude prices and took a huge $10.

BMT Cordah Names Glass as Managing Director

BMT Cordah, a subsidiary of BMT Group announced the appointment of Andrew Glass as Managing Director. Glass will be responsible for leading the business in implementing strategy,

Foreign Insurers Take Cautious Look at Iran After Nuclear Deal

  Western and Middle East insurance specialists see Iran as an appealing $8 billion market in the wake of its nuclear deal with world powers, though uncertainty

Bosphorus Strait Closed after Vessel Allides with Villa

A cargo ship ran aground and smashed into a villa on Turkey's Bosphorus Strait on Tuesday, forcing maritime authorities to close the key waterway to transit traffic, shipping agency GAC said.

Concerns Remain Over the Use of Low-sulphur Fuel

As a global move toward using cleaner fuel takes place, countries are forming new or reforming old regulations which see jurisdictions increasingly demanding the

American Club Announces Appointments, Promotions

Shipowners Claims Bureau, Inc., which manages international P&I insurer the American Club, has  announced new appointments and promotions at its offices in Greece,

London P&I Club Holds Strong Despite Large Claims

The London P&I Club’s 2015 Annual Report highlights an unusual run of expensive claims in the 2014/15 policy year, with progress in other areas meaning that the free reserves stand at $157.

Thrustmaster Equips Z-Drives with Mechanical Fuses

Thrustmaster has been building brown water propulsion equipment for more than 30 years. Now the company’s American-made Z-Drive thrusters for inland waterway towboats

Lifejacket Donations to boost Safety in Torres Strait

  Marine safety in the Torres Strait and Northern Peninsula area is getting a boost with the donation of 1,400 children’s lifejackets as part of the Torres Strait

Boxship on Fire in East China Sea

The Japanese-built containership Kamala caught fire around 400km off the coast of the Japanese island of Kuchinoshima in the East China Sea.   The accident happened during a voyage from Gresik,

TT Club Urges Immediate Action on Box Weighing

Provider of insurance and related risk management services to the transport and logistics industry TT Club said it welcomes the initiative of the World Shipping

12 Dead in Nigeria Pipeline Explosion

Italian oil major Eni said on Friday an explosion at a repair site on one of its Nigerian oil pipelines killed 12 people and injured three on Thursday afternoon.

Two Dead in Petrobras Offshore Accident

Two workers died at a construction project at a Brazilian oil terminal operated by state-run Petrobras on Tuesday, adding to a string of fatal and life-threatening accidents,

Cyber Attack on U.S. Power Grid Would be Costly

A cyber attack which shuts down parts of the United States' power grid could cost as much as $1 trillion to the U.S. economy, according to a report published on Wednesday.

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