MAST Partners with Beazley Group

Press Release
Wednesday, December 05, 2012

MAST (‘Maritime Asset Security and Training’), a leading security organization that provides specialist global security services for the maritime community, has partnered with Beazley Group to offer a tailored piracy insurance policy designed specifically for shipowners with vessels operating in the Gulf of Guinea.


The specialist policy has been developed in response to an increase in attacks, kidnaps and ransom demands against commercial ship owners operating in the Gulf of Guinea.  This is in marked contrast to the Gulf of Aden, where latest figures from the International Maritime Bureau show a 54 per-cent drop in the number of piracy attacks in the region, due largely to the steps taken by the international community to improve piracy detection and prevention, including through the use of private maritime security companies (‘PMSCs’).


The new product, Gulf of Guinea Piracy Plus, combines cover for both the kidnapping of crew for ransom and the illegal seizure of the vessel for theft of cargo along with the inclusion of a tailored risk assessment and comprehensive incident response service provided by MAST.  


MAST will conduct a threat and risk assessment, safety guidance on operating in the Gulf of Guinea, and provide optional 24-hour vessel tracking.  In the event of an incident, MAST will monitor the ship, track the cargo and, if necessary, deploy an armed security team to aid the vessel’s safe return to the ship owner. MAST’s office in Lagos will ensure that incident response times are fast and risk assessments can be undertaken locally.


Phillip Cable, CEO of MAST said: “We are delighted to be working with Beazley on Gulf of Guinea Piracy Plus. Hijack incidents are extremely stressful and worrying for ship owners, and in order for them to be resolved successfully it is vital that the appropriate measures are taken in an appropriate and timely fashion.  Our local presence and contacts facilitate cargo recovery and safe transit for the ship owners’ employees after release.”


Michael Sharp, kidnap and ransom underwriter at Beazley Group said: “The risk of piracy off West Africa is significant. Unlike attacks off Somalia where hijacks focus on holding the crew for ransom, the pirates in the Gulf of Guinea usually focus on the theft of cargo where the associated costs are not covered under a standard piracy policy.  As such, we recognised there was a need for a tailored service for ships operating there, and we are delighted that MAST has agreed to provide such a service to our clients.” 
 

Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

QinetiQ Signs Contract with ASV

QinetiQ, as part of a new Marine Surface Target Service, has signed a contract with Autonomous Surface Vehicles (ASV) for the supply and operational support of autonomous surface target vessels.

GTT Wins DSME Order for 9 More Icebreaking LNGCs

Gaztransport & Technigaz (GTT), a designer of membrane containment systems for the maritime transportation and storage of Liquefied Natural Gas (LNG), announced

Bollinger to Build 6 More FRCs for the USCG

Bollinger Shipyards, Inc., Lockport, Louisiana, announced the award of six additional USCG Sentinel Class Fast Response Cutters (FRCs). The U. S. Coast Guard

Contracts

GTT Wins DSME Order for 9 More Icebreaking LNGCs

Gaztransport & Technigaz (GTT), a designer of membrane containment systems for the maritime transportation and storage of Liquefied Natural Gas (LNG), announced

Wilhelmsen Secures Inert Gas System Orders

Breakthrough order in Japanese shipbuilding market sees largest ever capacity Maritime Protection IG units delivered for leading domestic owners. Wilhelmsen

Abu Dhabi Ports Shift Far More Breakbulk Cargo

Abu Dhabi Ports Company (ABPC) says that general cargo moving through Abu Dhabi’s commercial Ports has increased by 37% this year. ADPC’s commercial ports (Musaffah,

Offshore

6 MW Offshore Wind Turbine of Siemens Certified

Siemens Energy has obtained type certification of DNV GL for the company's innovative D6 offshore wind turbine. The model Siemens SWT-6.0-154 is equipped with a modern direct drive generator,

Turkey Approves EIA Report for South Stream’s Offshore Section

The Ministry of Environment and Urban Planning of Turkey approved the Environmental Impact Assessment (EIA) Report and issued a positive opinion of the EIA results

BW Offshore to Fully Own FPSO Petroleo Nautipa

Following to BW Offshore's announcement of 9 July 2014, BW Offshore has signed a sale and purchase agreement with Yinson to take 100% ownership of the FPSO Petroleo Nautipa,

Ports

Homecoming Scotland 2014 Fireball Championships

Lerwick Harbour is ready for an exciting week of sailing with the 2014 Fireball European Championships taking place at the port next week. As a warm-up to the main event,

Iraqi Kurdish Oil Nears US Port Despite Concern in Washington

A tanker carrying crude oil from Iraqi Kurdistan is just two days away from arriving at a U.S. port, according to ship tracking satellites, despite Washington's

Phillips 66 Marine Fueling Facility Nears Completion

Phillips 66’s previously announced marine over-the-water fueling facility at its Richmond, Calif. terminal is nearing completion. The facility, located on Canal Boulevard, and known as Pier No.

Maritime Security

Worrying Trend of Tanker Hijacks in SE Asian Waters: IMB

The Piracy Reporting Centre (PRC) of the International Chamber of Commerce (ICC) International Maritime Bureau (IMB) raises concerns over a worrying trend of

House Subcommittee Hearing Highlights “Dismal State” of U.S. Icebreaking Capability

At the July 23, 2014, hearing of the House Subcommittee on Coast Guard and Maritime Transportation on “Implementing U.S. Policy in the Arctic” the committee chairman, Rep.

Mediterranean Boat People Numbers Near 100,000

Almost 100,000 boat people have made the dangerous journey across the Mediterranean to Europe this year, a roughly 60 percent increase on the whole of last year,

News

6 MW Offshore Wind Turbine of Siemens Certified

Siemens Energy has obtained type certification of DNV GL for the company's innovative D6 offshore wind turbine. The model Siemens SWT-6.0-154 is equipped with a modern direct drive generator,

Turkey Approves EIA Report for South Stream’s Offshore Section

The Ministry of Environment and Urban Planning of Turkey approved the Environmental Impact Assessment (EIA) Report and issued a positive opinion of the EIA results

Worrying Trend of Tanker Hijacks in SE Asian Waters: IMB

The Piracy Reporting Centre (PRC) of the International Chamber of Commerce (ICC) International Maritime Bureau (IMB) raises concerns over a worrying trend of

Vessels

QinetiQ Signs Contract with ASV

QinetiQ, as part of a new Marine Surface Target Service, has signed a contract with Autonomous Surface Vehicles (ASV) for the supply and operational support of autonomous surface target vessels.

Volvo Penta Diesel Sterndrives for Metal Shark Patrol Boats

Metal Shark now offers Volvo Penta diesel sterndrives in its 29 Defiant patrol boats for customers requiring optimum performance, durability and maneuverability.

Wilhelmsen Secures Inert Gas System Orders

Breakthrough order in Japanese shipbuilding market sees largest ever capacity Maritime Protection IG units delivered for leading domestic owners. Wilhelmsen

 
 
Naval Architecture Offshore Oil Pipelines Pod Propulsion Port Authority Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1704 sec (6 req/sec)