JSMEA To Debut Zohaku Web
The Japanese Marine Equipment Association (JSMEA) and its constituents will again be demonstrating what they dub the most advanced and sophisticated technologies developed in Japan at SMM. During the exhibition, the Ship & Ocean Foundation (SOF) will present the concept of the Zohaku Web, a new system which was designed and created to enable the exchange of technical information between shipyards and marine equipment suppliers via Internet websites. The three-year project was carried out by SOF with grants from the Nippon Foundation since 1998. The project has attracted 100 organizations in Japan (current participants include 21 shipbuilders and 71 ship equipment manufacturers) and has quickly become a major product in the Japanese maritime market.
State of the P&I Market: As Stocks Drop, Rates Will Rise
The 13 P&I Clubs within the International Group continue to dominate the world market for shipowners' liability insurance despite increasing competition in recent years from fixed premium facilities. The development of the fixed premium market and, in particular, the rapid growth of the P&I account of the marine and energy syndicate 329 at Lloyd's led by Jonathan Jones, served to increase pressure on premium rating in recent years. However, syndicate 329 is now in run-off, its capital providers having withdrawn support, and its P&I account, which was transferred to British Marine, an old-established P&I and hull club for small ships and offshore craft…
State of the P&I Market: As Stocks Drop, Rates Will Rise
The 13 P&I Clubs within the International Group continue to dominate the world market for shipowners' liability insurance despite increasing competition in recent years from fixed premium facilities. The development of the fixed premium market and, in particular, the rapid growth of the P&I account of the marine and energy syndicate 329 at Lloyd's led by Jonathan Jones, served to increase pressure on premium rating in recent years. However, syndicate 329 is now in run-off, its capital providers having withdrawn support, and its P&I account, which was transferred to British Marine, an old-established P&I and hull club for small ships and offshore craft…
