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OCEAN CLUB

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.


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


Members Boost London P&I Club Tonnage

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The London P&I Club has increased its membership by almost two million gross tons over the past year. This increase reflects the entry of further tonnage with the club by existing members, and the addition of new members from China, Greece, Singapore, Turkey, and the U.K. Ian Gooch, chief executive of the club’s management team, says, “The London P&I Club heads into 2014/15 after a solid renewal and further controlled growth


Shipowners’ Club Pact with Yachtpod Risk Partners

Photo:  The Shipowners Club

 Yachtowners, the specialist yacht syndicate of The Shipowners’ P&I Club, today announces that it has entered into a partnership with newly established super yacht specialists Yachtpod Risk Partners (Yachtpod). Yachtowners, the specialist yacht syndicate of The Shipowners’


Viking Ocean Cruises Extends Order at Fincantieri

Viking Ocean Cruises and Fincantieri signed a memorandum of agreement for the construction of two additional cruise ships, with an option for another two.   The new builds will be sister ships to the six already ordered and will enter Viking fleet in 2021 and 2022, respectively


Indian Navy Fires Brahmos Land Attack Supersonic Cruise Missile

File photo: BrahMos Aerospace stall By Indian Navy

 Indian Navy successfully undertook the firing of BrahMos Land Attack Supersonic Cruise Missile from a ship on 21 April 2017.    This variant of Long Range BrahMos Missile was fired from Indian Naval Ship Teg, a Guided Missile Frigate, on a target on land.   


UK P&I Club Advises On Hatch Cover Maintenance

Photo: (c) Lidian Neeleman / Adobe Stock

The UK P&I Club’s Loss Prevention Department, in conjunction with the IMCS Training Academy, advises on the importance of hatch cover maintenance: “Whether a ship’s hatch covers are weathertight is a seemingly simple question that should have a “Yes” or


Wärtsilä joins battle against ocean plastics

Seabin prototype V4 Photo Wartsila

The Finnish technology group Wärtsilä has signed an agreement with the Seabin Project to join their global pilot programme, which addresses the worldwide littering problem affecting our oceans. The project aims at approaching the challenge from multiple angles with a key emphasis on


North P&I Club Guidelines on Minimising Risk from Ro-Ro fires

By Kara  Adobe Stock Photo

North P&I Club has published a new loss prevention briefing on how to prevent, detect and fight fires on roll-on-roll-off (ro-ro) vessels and car carriers. Such vessels are twice as likely to catch fire as other ships and vehicle-deck fires are notoriously difficult to contain and put out.


Galasso Named Ocean Signal Sales Manager

Rich Galasso (Photo: Ocean Signal)

Communication and safety at sea specialist Ocean Signal has announced the appointment of Rich Galasso as its new US Sales Manager. Galasso will assist with the company’s sales growth strategy in the US as demand continues to increase for Ocean Signal’s communication and safety


Shipowners Caught in the Middle of Free Trade Battle

Photo: Danish Shipowners’ Association

 Protectionism and long hauled free trade negotiations can be an expensive battle for the Danish shipowners, if the market outside the European Union are not included in free trade negotiations.   The Danish Shipowners’ Association hosted a verbal rumble between the Danish Social


G2 Ocean Given All Anti Trust Approvals

Pic: Gearbulk Ltd

 The US Department of Justice has approved the establishment of G2 Ocean.  Authorities in Poland, Germany and Brazil have already approved G2 Ocean.   This means the joint venture between Gearbulk and Grieg Star is a vital step closer to reality


Bleak Outlook for World's Oceans

Photo: National Oceanography Centre

 Global warming will disrupt four-fifths of the world's oceans by 2050 if greenhouse gas emissions keep rising, Reuter's quoted scientists as saying.   The situation is threatening fish that are the main source of food for a billion people.  


Golden Ocean Acquires 16 Dry Bulk Ships

Golden Ocean Group Limited said it has entered into agreements to acquire 16 dry bulk vessels,14 of which will be acquired from subsidiaries of Quintana Shipping Ltd., and two ice class Panamax vessels will be acquired from subsidiaries of Seatankers, an affiliate of Hemen Holding Ltd


Irving Shipbuilding Invests in Ocean Technology Programs

Irving Shipbuilding Inc. said it has made a multimillion dollar investment to support marine innovation and commercialization in Nova Scotia and across Canada.    The shipbuilder is investing $4.52 million in the newly established Centre for Ocean Ventures and Entrepreneurship (COVE)


Container Shippers Ordered to Testify in US Investigation

File photo: Hapag-Lloyd

The U.S. Justice Department has ordered top executives from several container shipping lines to testify in an antitrust investigation into an industry that is the backbone of global trade, the companies said on Wednesday.   The world's biggest container shipper, Denmark's A.P


Ocean RIG Files for Bankruptcy Protection in US

Photo: Ocean RIG

Rig contractor Ocean RIG UDW Inc filed for Chapter 15 bankruptcy protection in a U.S. court amid a deep and prolonged downturn in the industry. Shares of the company plunged 36.4 percent to 46 cents in early trading on Tuesday. The Cyprus-based company, which had $3


New Training Program on Near-miss Reports

Photo: Videotel

Videotel, a KVH company, has launched a new training program, “Report a Near-Miss, Save a Life”, in association with The Standard Club, a protection and indemnity (P&I) club, which insures ship owners, operators, and charterers for their liabilities to third parties.






 
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