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Obituary: Stewart B. Nelson

Stewart B. Nelson, Ph.D.  - B. June 9, 1937 D. September 12, 2016   Dr. Stewart B. Nelson URI -MMA 1974, oceanographer, explorer, author, lecturer and marine historian passed away of complications related to cancer on September 12, 2016 in Tampa, Fla. He is mourned by family, friends and classmates of the Marine Affairs Program at the University of Rhode Island. Dr. Nelson's multifaceted career was principally spent in service to his country in his position as aide to the Office of the Oceanographer of the Navy and in this capacity he was the Senior Advisor to the to the Oceanographer, a Rear Admiral Flag position. Dr. Nelson who later earned a Ph.D, from the University of Southern California, was a pivotal figure in the modern era of the Naval Oceanographic Office. His positions in marine nongovernmental organizations such as the Marine Technology Society and as president of the American Oceanic Organization established him as a key figure in the Washington, D.C. ocean community. In later years he established a close working relationship with several members of Congress.   As a member of one of the early classes in the Marine Affairs Program, Stew quickly established warm relationships with the faculty and professional members of his 1974 class. On his return to the Oceanographer's Office, Stew served as a congressional fellow and oversaw the construction and commissioning of several naval oceangraphic research ships


Korean Register CEO Park Passed Away

Dr. B. S. Park ( Photo: Korean Register)

Dr. B. S. Park, Korean Register Chairman and CEO, has passed away after a short illness.   Dr. Park graduated from Korea Maritime and Ocean University in 1976 and joined Pan Ocean Shipping where he worked in a number of capacities until 2001. In that year he was appointed CEO of Welson Korea Insurance Brokers before becoming COO of Korea P&I Club in 2006. He appointed as Chairman and CEO of KR in December 2014.  


P&I Club Celebrates 21 Years in Germany

Dr Matthias Reith, director of German bulk carrier owner Orion Schiffahrtsgesellschaft Reith & Co of Hamburg, helped the North of England P&I club celebrate 21 years of working with the German shipping industry today. Speaking a major industry reception organized by the club at the Zipplehaus restaurant in Hamburg, Dr Reith said 'In 1982 Orion became the first company from Germany to join the North of England. The club now insures 36 fleets in Germany and works with 11 of the German-based


UK Commission Formal Probe into Marine Insurance

The European Commission has opened formal proceedings to investigate whether certain provisions accompanying claim-sharing and joint-reinsurance agreements in the marine insurance sector might infringe European Union antitrust rules. The Commission fears that the provisions at stake in the agreements between the Protection & Indemnity Clubs (P&I Clubs) within the International Group of P&I Clubs (IG) may harm ship owners and the insurers that are not members of the IG.


UK P&I Club: 6.5% General Increase for 2015

The UK P&I Club board has agreed at its meeting on October 27, 2014 that the general increase for the 2015 renewal will be 6.5%. The premium rating increase is in addition to any change in the cost of the international group reinsurance premium for 2015 for the mutual members, which will be determined next January. In setting the general increase, the UK Club board said it is mindful of the balance between the needs of the club’s members and its commitment to maintaining


East-West Shippers see Acceleration in Container Contract Rate Cuts - Drewry

Photo AFP

Ocean freight rates for cargo moving under contracts on the major East-West trade routes fell by another 18% between February and May, according to Drewry’s Benchmarking Club, a closed user group of multinational retailers and manufacturers who closely monitor their contract freight rates. The Drewry Benchmarking Club Contract Rate Index, based on average Transpacific and Asia-Europe contract freight rate data provided confidentially by shippers


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


London Club Achieves Income Targets

The London P&I Club achieved its premium income targets during the renewal negotiations completed on February 20. It now has a total fleet entry of more than 30 million gross tons, covering all categories of membership. Major new entries in the Club included fourteen bulk carriers operated by Petros Pappas' Sentinel Marine Services in Greece. Also, existing members - including the Schuldt Group, V Ships, Cosco Hong Kong, and MISC - entered additional vessels with the Club.


A.M. Best Awards TT Club "A-" Rating

TT Club, the leading mutual insurer in the international freight and logistics arena, has had its financial strength rating of A- (Excellent) re-affirmed by the US rating agency, A. M. Best.  TT’s issuer credit rating was also maintained at "a-" by the agency, which at the same time determined that the outlook for both ratings remains "stable." In a statement issued today announcing the Club’s ratings, A. M


Following the Path of the Transport Revolution

Photo credit: Captain Katharine Sweeney

TT Club, established to fill a gap in insurance as the freight container revolutionized trade, celebrates 45 years dedicated service to the transport and logistics sector. In 1956, the first strengthened containers were loaded onto a spar deck of the converted tanker, Ideal X. This marked the fulfilment of a dream for American trucker Malcom McLean who had, since 1937, been working on how to reduce the long waiting hours for dockers to stow or unload his vehicles onto or off ships


AHHI Insures 1,900 Vessels in First Year

Photo: American Hellenic Hull Insurance

 Cyprus-based American Hellenic Hull Insurance (AHHI) surpassed key targets during its first year of operation: 1,900 insured vessels, written premium income exceeded $10 million and covered 35 million GT on 100% basis, said a press statement.  


Race Boat to Attempt US-Cuba Speed Record

(Photo: SilverHook / Lucas Cup)

An upcoming world speed record attempt by Nigel Hook and the crew of SilverHook will be a two-for-one as they set out to achieve the fastest crossing from the U.S. to Cuba, and then back.   Captain Hook has chosen August 17 to try to set two speed records in what is considered the most


Standard Club Establishes New Offshore Advisory Committee

Logo: The Standard Club

 The Standard Club is driving developments in offshore P&I with the launch of the Standard Club Offshore Advisory Committee (SCOAC). SCOAC aims to analyse offshore trends, assist the club in further understanding and disseminating industry best-practice and develop new strategies to


Nautical Institute Rolls Out Ice Navigator Scheme

Logo Image: The Standard Club, Nautical Institute

 The Standard Club has advised its members that at the start of July the Nautical Institute launched its Ice Navigator Scheme. This scheme is designed to help meet the demand for properly trained officers with the skills and knowledge to handle a ship in ice.  


Crowley Vessels Earn Safety Awards

(Photo: Crowely)

Eighty-seven vessels owned or managed by Crowley Maritime Corporation recently received the Chamber of Shipping of America (CSA)’s annual Jones F. Devlin Awards in recognition of their 2016 safety records.   Each year, the CSA grants Devlin Award certificates to manned merchant


Volvo Ocean Race Yacht Team AkzoNobel Christened

Photo: AkzoNobel

 Sailing fans flocked to a harbor in the Dutch city of The Hague yesterday to welcome team AkzoNobel’s new Volvo Ocean Race yacht, which was officially christened by the city’s Mayor.   With the start of the race just four months away


Interior Refit for Cunard's Queen Victoria

Queen Vic Exterior (Photo: Cunard)

McCue Crafted Fit secured a repeat order from Cunard to refit the shops and art gallery on board its luxury liner, Queen Victoria. This follows the remastering of aspects of the Queen Mary 2 (QM2) in Hamburg, Germany in 2016. The £34 million ($43 million) refit comprises of an upgraded and


Inspection of Ships of 18 Years or Older in Brazil

Image: The Standard Club

 The Standard Club has been informed by its local correspondent in Brazil that following recent casualties involving bulk carriers, a series of new inspection requirements have been imposed in Brazilian ports for certain ships that are 18 years or older.  


IMT Rolls Out 'Full Ride' Scholarship Program

Photo: IMT

The Institute of Marine Technology located at Warner University in Lake Wales, Fla. has recently established and is now officially launching a robust “full ride” scholarship program available by application for students participating in its innovative marine technical training program


Ocean Group Takes Delivery of First Damen Tug

Stan Tug 2608 (Photo: Damen)

Italian maritime service provider Ocean S.r.l. has welcomed its first Damen tug – a Stan Tug 2608 – into its fleet. The company, part of the Ocean-Team Group, will deploy the vessel in harbor towage operations in the ports of Monfalcone and Porto Nogaro in the northern reaches of the


Maritime Drives Ireland's Blue Economy

Photo:  Irish Maritime Development Office

 Ireland’s marine economy is outperforming Ireland’s general economy according to the latest Ocean Economy Report by the Socio-Economic Marine Research Unit (SEMRU) of NUI Galway, with shipping and maritime transport playing a key role in driving growth.  


Ocean Conservancy Calls for Clean Arctic

Photo: Ocean Conservancy

 The following statement was issued by Sarah Bobbe, Arctic Program Specialist at Ocean Conservancy, at the conclusion today of the International Maritime Organization’s Marine Environmental Protection Committee meeting where member states supported a proposal to identify mitigation


Jeremy Nixon is CEO of ONE Ocean Network

Photo: Mitsui O.S.K. Lines

 The management of the new company,  Ocean Network Express Holdings (ONE) -  the joint venture between three Japanese shipowning societies Kawasaki Kisen Kaisha ("K" Linens), Mitsui O.S.K. Lines (MOL) and Nippon Yusen Kaisha (NYK) was unveiled.  


Royal Caribbean to Install NavBox Across Entire Fleet

Photo: Royal Caribbean Cruise

Royal Caribbean Cruises Ltd (RCC) has signed a deal with NAVTOR to install the NavBox navigation solution across its entire corporate fleet of 49 vessels, in a deal which spans RCC's six different operating companies. E-navigation specialist NAVTOR launched NavBox in 2013


Lundin Extends Contract for Ocean Rig

Image: Ocean Rig

 Ocean Rig UDW, contractor of offshore deepwater drilling services, has announced that Lundin Norway AS, has declared their third option to extend the existing contract of the Leiv Eiriksson.    In addition, Ocean Rig has granted Lundin 2 additional options to drill further wells






 
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