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Fire Insurance

Safety Program for Commercial Fishing Vessels

The Chesapeake Marine Training Institute (CMTI) offers a maritime safety program specifically for commercial fishing vessels. “Since its inception, hundreds of boats and crew members have completed the program and the demand just keeps increasing,” said John O’Leary, maritime safety instructor for CMTI and the head of the safety and survival program. “In an industry that is already struggling, the program is becoming increasingly requested and thanks to the funding of the insurance companies, we can continue to grow and increase its numbers.” This program is offered by Sunderland Marine Mutual Insurance Company, Ltd through Brown and Brown Flagship in a joint effort to reduce casualties. Established in 2005, the program is offered to commercial fishing vessels and its owners, on a volunteer basis. In 2008, over 100 vessels and crews completed the program. Initially available in the mid-Atlantic region, it is now available for commercial fishing vessels from North Carolina all the way to Cape May, New Jersey. According to Chris Burns, executive vice-president and general manager of Brown & Brown Flagship, “We are fully invested in this program. A safer crew makes for a safer vessel and it is a win-win situation for everyone. It’s clear that fewer accidents equal less loss of life and property equal lower claims equal lower insurance costs to the vessel, etc… the list goes on


Conference Focuses on Fire

Who is in charge when a land-based fire brigade responds to a blaze at sea? What are the fire risks for ships in port and under construction? How can design and technology enhance marine fire protection? Prevention, detection and control on ships and offshore structures will be examined at a new forum in London in March by key personnel including ship owners and managers, ship and harbour masters, safety officers, marine and fire protection engineers


Shipowners Raise Onboard Security Amidst Mideast Fighting

With the worsening conflagration in Lebanon-Israel and the resulting consequences for maritime traffic, ship operators are bracing themselves for a hike in war risk insurance premiums for vessels that transit the Eastern Mediterranean. The 12-member Europe Mediterranean Trade Agreement that includes A.P. Moller-Maersk, Mediterranean Shipping Company and CMA CGM issued a statement: "In the event that extra costs do arise for war risk insurance


R&B Falcon Drilling Barge Destroyed In Explosion

R&B Falcon Corp. reported one of its inland drilling barges was destroyed in an explosion and fire at a natural gas well in southern Louisiana but nobody was injured. The company believes the loss of the barge, Rig 16, worth about $15 million, will be covered by its insurance and would therefore not have a material financial impact. The explosion occurred on July 1 at a well being drilled for The Meridian Resource Corp. two miles southeast of Amelia, La


Denmark Updates Insurance Claims Requirements

Ships without P&I insurance for maritime claims must inform the Danish Maritime Authority about their insurance Danish ships with a gross tonnage of or above 300 without a Certificate of Entry in a P&I Club from the international group of P&I clubs must inform the Danish Maritime Authority about alternative insurance for maritime claims before March 31, 2014. Danish ships with a gross tonnage of or above 300 must carry a certificate confirming that insurance has been taken


Legal Notes

Repair Duty Repealed President George Bush has signed into law legislation repealing a four year old rule imposing a 50% duty on the cost of routine repairs and maintenance carried out by U.S. merchant mariners while their vessel is at sea. The elimination of the duty, which customs authorities have levied on US-flag carriers since April 2001, represents a victory for the domestic shipowning community. The community has lobbied hard against it since its introduction.


LIG Marine Managers 2011 CMIP Seminars

LIG Marine Managers’ sister company, LIG Educational & Consulting Services, in conjunction with the International Institute for Marine Insurance Studies, announced the 2011 CMIP Seminar Schedule for those individuals working towards earning the Certified Marine Insurance Professional (CMIP) Designation.    The designation is designed for agents, brokers, CSRs, Insurance Company Personnel, Underwriters or other insurance industry professionals who wish to expand their


ENSCO Jackup Rig Damaged in Gas Blowout, Fire

ENSCO International Incorporated and Forest Oil Corporation reported that one of ENSCO’s jackup rigs sustained extensive damage while operating in the Gulf of Mexico. ENSCO 51 was on location in Eugene Island Block 273 drilling a development well over a platform (the “A” platform) for its customer, Forest, the operator of the block. Eugene Island Block 273 is located approximately 75 miles offshore. Shortly after midnight on Thursday, March 1


Big Repair Order for Nobiskrug

The Rendsburg based Repair Division of Nobiskrug GmbH – a company of ThyssenKrupp Marine Systems – has been commissioned to repair extensive fire damage to the 117.5 m “Josef Möbius”, a 5,939 GT suction dredger with drag nozzle. On the July 28, the superstructure and the bridge of the dredger were severely damaged in Spain by a fire that broke out in the engine-room. The ship is now on its way towards Rendsburg, towed by a Spanish tug boat at a speed of around 9 knots


Court Interprets Settlement Agreement

The U.S. Court of Appeals for the First Circuit interpreted a settlement agreement between an insurance company and a shipowner in order to determine whether the insurance company was entitled to share in the shipowner’s subsequent settlement with a third party in a claim relating to loss of the ship. Home Insurance Company v. Pan American Grain Manufacturing Co., Inc., No. 03-2625 (1st Cir., February 4, 2005)(HK LAW)


IUMI: Offshore Energy Insurance Market “Sinking”

Photo: International Union of Marine Insurance

 At annual IUMI (International Union of Marine Insurance) conference in Tokyo, James McDonald, chairman of IUMI’s Offshore Energy Committee warned that the sector was “sinking”.   His warning was based on declining total premium income set alongside upstream


U.S. Navy Fires Two Commanders After Sea Accidents

File Image: the USS Fitzgerald (CREDIT: USN / K Wieirmann)

The U.S. Navy dismissed two senior officers on Monday after a series of collisions involving Seventh Fleet warships in Asia, citing a loss of confidence in their ability to command.   Rear Admiral Charles Williams, commander of Task Force 70, and Captain Jeffrey Bennett


How to Legally Remove a Hazardous Wreck

Photo:  International Maritime Organization (IMO)

 What is the legal basis for removing a hazardous wreck at sea? Who bears the liability? These and many other wreck removal questions were addressed by IMO’s Jan de Boer at the ACI’s Maritime Salvage & Casualty Response conference in London (13-14 September).  


“Blockchain” and the World of Marine Insurance

© the_lightwriter / Adobe Stock

If you’ve been working in the marine insurance industry lately, you will have heard about “blockchain” at some point; it is the electronic, distributed ledger, notoriously known for enabling the use of cryptocurrencies such as Bitcoin and Ether


Wreck Removal Treaty Comes into Force in Singapore

Photo: Gard

 Skuld Singapore  has reminded all members that Singapore has ratified the Wreck Removal Convention (WRC) which entered into force in Singapore on 8 September 2017.   "As members will be aware, the WRC requires among other matters owners of ships over 300 GT to have in place


Fire Kills Five at ASL Marine's Batam Shipyard

Photo: ASL Marine Holdings

 The vessel owner-operator and shipbuilder  ASL Marine Holdings said that a fire occurred in its shipyard in Batam, Indonesia.   ASL press release that initial investigations showed the incident occurred on board a tanker that was being repaired at one of its dry docks


Vietnam Protests Chinese Live-firing in South China Sea

Vietnam on Tuesday issued a strong condemnation of Chinese military live-fire exercises in the disputed South China Sea, amid rising tension between the two countries.   The Maritime Safety Administration of China's southern province of Hainan, which oversees the South China Sea


ESPS Rayo Conducts Maritime Training in Djibouti

Photo: EU Naval Force

 EU Naval Force warship ESPS Rayo conducted Local Maritime Capacity Building (LMCB) training in support of the Djiboutian Coast Guard, during her port visit to Djibouti on 30 August.   The training began with a briefing on board ESPS Rayo for the Djiboutian Coast Guard personnel


Exmar sells Belgibo to JLT

Photo: BELGIBO NV

 Ship management company EXMAR has reached an agreement to sell insurance broker BELGIBO NV to Jardine Lloyd Thomson Group plc (JLT), one of the world’s leading providers of insurance, reinsurance and employee benefits related advice, brokerage and associated services.  


Roxtec Invests in New Fire Lab

(Photo: Roxtec)

Cable and pipe transit manufacturer Roxtec says it is growing in several different industries. In order to meet the increasing demand for product testing and pave the way for continuous growth, the company is building a new fire test lab in Karlskrona, Sweden, to be ready in 2018.   


MOL Joins Blockchain Consortium

MOL Logistics (Hong Kong). Photo: Mitsui O.S.K. Lines

 Mitsui O.S.K. Lines (MOL) has announced its determination to participate in the "Consortium to develop trade data sharing platform using blockchain technology," in which NTT DATA Corporation serves as the administrative office.   


NOFIRNO Technology for Sealing the Exhaust of a Diesel Power Pack

Photo: Beele Engineering

Diesel generators in the form of ready-made power packs in container format are vulnerable in terms of water tightness, particularly around the diesel generator's exhaust. This is a serious problem in environments such as aggressive sea climates where many offshore power packs are installed


Four Killed in Explosion at South Korean STX Shipyard

File Photo: STX Offshore & Shipbuilding

 Four workers were killed Sunday in an explosion at an oil tanker being built in a South Korean shipyard, Reuters reported quoting authorities.   Fire officials said the workers were painting the interior of the tanker at an STX Offshore & Shipbuilding plant in the southeastern


Colac Remembered

Imagery Scanned from Navy Historic Archive. Photo:  Royal Australian Navy

 Despite being in the thick of action on many occasions, Bathurst class corvette HMAS Colac ended the Second World War with only two members of her ship’s company killed and two wounded, another amazing ship and crew being remembered 75 years on.  


Barge Fire Extinguished in the Gulf of Mexico

(U.S. Coast Guard photo by Brandon Davis)

Emergency responders have extinguished a fire aboard a barge adrift approximately 2 miles west of Cat Island, Miss.   U.S. Coast Guard watchstanders received a report at approximately 1:20 p.m. Thursday that a barge being pushed by the tug vessel Kathryn T






 
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