Insurance Sectors News

Predictive intelligence tech company Windward has launched Container Insights, a capability that provides live screening and tracking of containers and Bill of Lading (BOL) verification.The new capability, which Windward says enhances the company’s current Cargo Insights, optimizes and increases the efficiency of screening processes for trade finance transactions and enables government agencies to investigate suspicious containers, providing them with a "holistic" view of vessels…

Collaboration between risk management and insurance sectors will focus on education, training and guidance to reduce maritime cyber riskABSG Consulting Inc. (ABS Consulting), a subsidiary of ABS focused on safety and risk management, and American Steamship Owners Mutual Protection and Indemnity Association, Inc. (the American Club) have joined forces to provide education, training and insurance guidance that address maritime cyber security.As digital transformation in the maritime industry brings both opportunities and new challenges…

Taiwan’s maritime industry leaders met to debate decarbonization, digital technologies and the future of safety at the annual ABS Taiwan National Committee meeting.“As the leading class organization in Taiwan, ABS is able to call on the expertise of leaders to inform our approach to meeting industry challenges such as meeting IMO 2030 and 2050 objectives while ensuring safety standards are not compromised and keep pace with technological challenges,” said Christopher J. Wiernicki, ABS Chairman, President and CEO, who actively participated in the Committee program.

Oil & natural gas company Brunei Shell Petroleum Company Sdn Bhd (BSP) has awarded AqualisBraemar a frame agreement to conduct rig inspection services for the operator.The agreement is valid for three years with an option to extend the contract for additional periods of three times one year, said the Norway-based global company that provides, through its subsidiaries and associates, consultancy services to the energy, marine and insurance sectors.Oslo-listed AqualisBraemar – a result of the recent unification between Aqualis Offshore and Braemar Technical Services – will provide rig inspection services, engineering and training services to Brunei Shell Petroleum Company Sdn Bhd (BSP).AqualisBraemar will manage the contract out of its office in Malaysia…

Leaders of the Greek Shipping Industry met to discuss decarbonization, capitalizing on data and digital technologies and vessel automation at the annual ABS Hellenic National Committee meeting.“We have deep relationships across the Greek shipping industry, which reflects our extensive investment in serving the needs of ship owners and operators here. Not only is our office in Piraeus the largest ABS office in Europe, but it is home to our Global Ships  Systems Center and an extensive team of experts on call 24 hours a day to assist with whatever challenges they face,” said Christopher J. Wiernicki, ABS Chairman, President and CEO, who actively participated in the Committee program.ABS…

ABS National Committee has met recently in Germany to explores pathways to 2050, automation and digital with German maritime leaders and offered insight on key challenges.Vessel automation, demystifying digital technologies and pathways to 2050 compliance led the debate at the ABS German National Committee, said a press note from the global provider of classification and technical advisory services to the marine and offshore industries.“ABS is committed to the German market and we have relocated European management to Hamburg to further enhance our deep relationships with German ship owners. This long-standing relationship means the…

The annual ABS Joint China and Hong Kong Committee gathered Industry leaders to discuss global challenges facing the maritime sector. The group heard strategies to meet the IMO 2020 Sulfur Cap, as well as a look ahead to 2030, when vessel data will play a significant role in compliance management.“ABS has become the classification organization of choice for the Chinese shipbuilding and shipping industry, with a long track-record of working closely together on innovative projects in both marine and offshore. The China and Hong Kong Committee enables ABS to bring together the diverse expertise of many knowledgeable stakeholders to continue to address the industry’s complex challenges…

ABS, a provider of classification and technical services to the marine and offshore industries, held its annual National and Regional Committee meetings in London, Copenhagen and Hamburg in mid-March. “Our committee meetings provide a platform for transparent, robust and engaging conversation with industry,” says ABS Chairman, President and CEO Christopher J. Wiernicki. The committee meetings provide a forum for ABS Members, including owners, operators, charterers, and industry representatives from flag administrations…

The UK P&I Club one of the leading shipping protection and indemnity mutual insurers,  has awarded Tobias Rennekamp the  Robin Travis Scholar for 2015. Tobias will spend three months in the Thomas Miller London office and the offices of selected lawyers, surveyors, insurance brokers and other shipping, transport and insurance businesses. Tobias is currently an Assistant Operations Officer at Liberty One Shipmanagement GmbH & Co KG in Bremen and is actively involved in all aspects of managing its fleet of handy size bulk carriers. The Robin Travis Scholarship programme is tailored to provide both a practical and theoretical knowledge and experience and to build on the Scholar’s commercial experience.

China has issued further guidance to support and modernize its shipping industry, saying it would encourage mergers and private investment as well as develop its cruise industry. The world's biggest trading nation is focusing on the shipping industry as it grows more assertive over territorial disputes in the South China Sea, unnerving neighbors such as Vietnam and Japan, and looks to secure its supply chains. It comes as the global shipping industry has been struggling to recover from a prolonged slump brought on by a glut of ships ordered before the global financial crisis of 2008/09. That has weighed on freight rates in recent years, resulting in heavy losses at firms such as China COSCO (601919.SS).

Johann von Rantzau has been selected as this year's Robin Travis Scholar following final interviews of candidates in Hamburg, Germany. The scholarship provides a three-month paid internship with transport liability specialist Thomas Miller for executives employed in the shipping, transport or marine insurance sectors in Germany. From 30th September 2013, Johann will be attached to Thomas Miller’s London head office where the businesses managed include the UK P&I Club, the TT Club and ITIC. He will enjoy a tailored programme of placements reflecting his particular business interests.

A delegation from Xiamen, China accompanied by the CEO of COSCO UK visit the London offices of Thomas Miller. The purpose of the visit by the delegation was to understand more of the shipping/insurance sectors in London and to foster good relations. The six-person Xiamen delegation was headed by its Vice Major, Mr Kang Tao together with Simon Yang (Shicheng), the CEO of COSCO UK. Xiamen is the second largest city in the Fujian province of China with a population of 4 million, and is the eighth largest container port in China and eighteenth in the world.

Braemar Shipping Services, international provider of shipping, marine & energy services, issues interim financial statement. The interim management statement refers in relation to the period since the announcement of the interim results on 30 October 2012. Revenue from the Environmental division was boosted by £15-million in the first half by the work on the MSC Rena in New Zealand. In the third quarter revenue from work on the container shipwreck reduced faster than expected, to £3.4m. Braemar's involvement in this project is expected to be completed by the financial year end. The Shipbroking division continues to face challenging conditions, with excess shipping capacity in most sectors affecting values and rates.

Braemar Shipping Services plc, (“Braemar”), an international provider of shipping, marine and energy services, today issues its interim management statement in relation to the period since the announcement of the interim results on 30 October 2012. The Shipbroking division continues to face challenging conditions, with excess shipping capacity in most sectors affecting values and rates. An increasing proportion of Braemar’s business is now done on the spot market. There were no significant changes in the market conditions in the past three months. Braemar Technical Services performed in line with management’s expectations. It continues to develop its position as a global provider of surveying, adjusting and engineering services to the energy, shipping and insurance sectors.

Incident response and environmental clean-up specialist Braemar Howells and its sister company Braemar (Incorporating The Salvage Association) are to work together to provide a 24-hour global response capability to the world’s shipping and marine insurance sectors. In what is being seen as a key development in the expansion of Braemar’s Technical Services (BTS) division, both companies have formed Braemar Marine Salvage Support Services which will provide on-site distressed cargo management and salvage support services to salvors…

Incident response and  environmental clean-up specialist Braemar Howells and its sister company Braemar (Incorporating The Salvage Association) are to work together to provide a 24-hour global response capability to the world’s shipping and marine insurance sectors. In what is being seen as a key development in the expansion of Braemar’s Technical Services (BTS) division, both companies have formed Braemar Marine Salvage Support Services which will provide on-site distressed cargo management and salvage support services to salvors, owners and insurers, together with additional expert technical advisory services from within BTS ranging from resolving LNG operational problems to offshore engineering solutions.

Braemar Shipping Services plc's penetration of the global marine and offshore services sectors continues to develop with the bringing together of its business units under the umbrella control of the Braemar Technical Services (BTS) division. As was set in train with the results’ announcement in May 2011, BTS will bring a broader service as well as operating efficiency benefits to customers of its technical services businesses - Braemar Casbarian, Braemar Falconer, Braemar Steege, Braemar (incorporating The Salvage Association) and Braemar Wavespec/Wavespec. - Braemar (incorporating The Salvage Association) as a leading multi-disciplinary marine surveying and technical consultancy arm providing services to the world's shipping, offshore energy and insurance sectors.

ClassNK opened its first exclusive surveyor office in St. Petersburg on September 14 with a lively reception hosted by ClassNK Chairman and President and Current IACS Vice-Chairman Noboru Ueda. The event was attended by more than 80 guests including executives and representatives from throughout the Russian maritime industry. Among the many prominent dignitaries at the event were His Excellency Ichiro Kawabata, Consul General of Japan in St. Petersburg, IACS Council Chairman Pavel Shikhov, Vladimir Alexandrov, President of the St. Petersburg Shipbuilders Association, and numerous top representatives from academic institutions such as CNIIMF.