International Group News

Britannia, the insurer of container ship the Dali, is working with the vessel's owner and U.S. authorities on the investigation into the collapse of Baltimore's Francis Scott Key Bridge, the insurer said on Thursday.The bridge collapsed on Tuesday after the Dali suffered a power outage and struck a pylon, causing huge disruption in the port."We are working closely with the vessel's owner and manager and the relevant U.S. authorities as part of the investigation into the casualty…

Baltimore's Francis Scott Key Bridge collapse could cost insurers several billions of dollars in claims, sources say, but it is too early to calculate the likely full financial losses of the tragedy that has shuttered one of the busiest ports in the United States.Six peopleare still missing after a collision with a Singapore-flagged container ship destroyed the landmark bridge on Tuesday, forcing the closure of the Port of Baltimore.With little clarity on when the port would re-open, insurers and analysts are now assessing the likely losses borne by underwriters across several product lines in

Babcock International Group (Babcock) is creating more than 1,000 new jobs at its large-scale, advanced manufacturing and shipbuilding facility in Rosyth.The new job opportunities will include 400 apprenticeships, 350 production support operatives, skilled engineers, tradespeople, and graduates to support programs like the Type 31 frigate design and build."Attracting and retaining talent is essential to the future success of our business and directly benefits the local communities in which we operate," said David Lockwood, Chief Executive, Babcock International Group.

Babcock International Group and the UK’s Submarine Delivery Agency (SDA) have agreed a full cost recovery contract worth an estimated £560 million to undertake the planned deep maintenance and life extension program for HMS Victorious, one of the UK’s Vanguard Class nuclear submarines.The multi-year life extension program will deliver HMS Victorious back to the Royal Navy modernized and improved, enabling it to continue operational patrols well into the 2030s. Work on the submarine is already underway…

Babcock International Group (Babcock) appointed Paul Armstrong to lead its marine sector, delivering a number of critical UK and international defence programmes, including the UK’s Type 31 frigates for the Royal Navy.With a career that started in shipbuilding in Barrow-in-Furness, Armstrong brings a wealth of wide-ranging industry experience to grow and develop one of Babcock’s core business sectors. Joining Babcock from Draken International, the aviation defence business where he was CEO responsible for operations in the UK…

Babcock International Group continues its successful delivery of the Royal Navy Type 31 frigates with the keel laying of HMS Active, the second of the five-ship Inspiration class program.The two warships are being built simultaneously, with work continuing only meters away on the first of the Inspiration class, HMS Venturer.In keeping with tradition, Babcock asked their youngest apprentice, first-year Electrical Fitter, Robbie Dick, to place the specially designed coin under the keel.Babcock’s Type 31…

Babcock International Group and HII have combined forces in Australia, working together to support critical capability requirements for the AUKUS nuclear submarine program.The partnership builds on the existing agreement between both companies to partner in the UK and US on nuclear decommissioning, disposal and national security opportunities.Babcock and HII will collaborate to develop the optimal models for nuclear-powered submarine capability, including infrastructure, sustainment and the necessary skills development, to support the AUKUS endeavour.

Russia's lack of ships and Western grain traders' shrinking appetite for business with Moscow are adding to rising costs of moving Russian wheat, at a time when the war in Ukraine has spilled perilously close to vital Black Sea supply routes.President Vladimir Putin promised to replace Ukrainian grain with Russian shipments to Africa after Moscow in July ended an arrangement that gave Ukraine's food cargo safe passage in the Black Sea, imposing a de-facto blockade on its neighbour and attacking storage facilities…

The United Arab Emirates is tightening insurance requirements for vessels registered under its flag, according to a government advisory, amid growing concerns over ships sailing without top tier cover in the event of an oil spill.Ships typically have protection and indemnity (P&I) insurance which covers liability claims including environmental damage and injury.

An international group of maritime industry partners are conducting a feasibility study with the aim to establish a commercially viable green ammonia ship-to-ship (STS) bunkering network on the U.S. East Coast.The study, to be carried out at the Port of Savannah in Georgia, will cover the entire end-to-end supply chain of ammonia bunkering, which includes the development of a cost-effective green ammonia supply chain, the design of an ammonia bunkering articulated tug-barge (ATB)…

Russian President Vladimir Putin said on Tuesday that last year's blasts on the Nord Stream gas pipelines had been carried out on a "state level", dismissing the idea an autonomous pro-Ukraine group was responsible as "complete nonsense."The Nord Stream 1 and 2 pipelines connecting Russia and Germany under the Baltic Sea were hit by a series of unexplained explosions last September, in what Moscow has called an act of "international terrorism."Denmark, Germany, and Sweden have conducted their own investigations into the blasts…

The maritime industry is urging the United Nations to help free hundreds of seafarers and dozens of ships that remain trapped in Ukrainian waters a year after Russia's invasion.In a letter to UN Secretary General António Guterres, an international group of shipping companies and organizations urgently called for diplomatic efforts toward the immediate release of the 331 seafarers still trapped on 62 vessels in the Black Sea and Sea of Azov."Our seafarers are the heart of our industry and cannot be forgotten. For 12 months now they have been caught up in a crisis far beyond their control.

Turkey's maritime authority said on Thursday it would continue to block the passage of oil tankers that don't carry appropriate insurance letters, adding that insurance checks on ships in its waters were a "routine procedure".The logjam is creating growing unease in oil and tanker markets and comes as the G7 and European Union introduce a price cap on Russian oil.Millions of barrels of oil per day move south from Russian ports through Turkey's Bosphorus and Dardanelles straits into the Mediterranean.Here are key facts about the issue.Ships typically have protection & indemnity (P&I) insurance…

Oil-laden tankers risk being left languishing at sea if insurers do not urgently get clarity on an unfinished G7 and European Union plan to cap the price of Russian crude, two senior industry executives told Reuters.The Group of Seven (G7), which includes the United States, Britain, Germany and France, agreed in September to enforce a low price on sales of Russian oil.U.S. officials said the move, which is due to start on December 5, was aimed at allowing it to continue to flow…

The Shipowners’ Club, a P&I insurer in the smaller and specialist vessel sector, announced Simon Peacock will take over as CEO in 2023.Current CEO Simon Swallow will be stepping down on May 25, 2023 before starting his retirement on August 3, 2023. The current Chief Financial Officer (CFO), Simon Peacock, will be the incoming CEO on May 25, 2023. Marcus Tarrant, currently Director and Chief Actuary of the Club’s management company, will become the Club’s CFO.Swallow joined the Shipowners’ Club in July 1991 and after a spell as Underwriter he assumed the role of Director of Underwriting.

The International Group of Protection and Indemnity Clubs (IGP&I) has set out its Sustainability report and updated Correspondents Guidelines to the global network of Protection and Indemnity (P&I) Correspondents listed by its constituent Clubs during its 2022 Correspondents Conference in London, United Kingdom. Both frameworks seek to leverage the collective strength of the IGP&I’s 13-member Clubs and the 65,000 ship owners they represent to further enhance sustainability, safety and best practice across the marine industry.As a forum for its member clubs…

Members of the North and Standard Clubs have voted to approve the merger between the two marine insurance firms, creating one of the largest providers of mutual cover in the maritime industries.The P&I clubs, which revealed plans to merge earlier this year, each held special general meetings on May 27 where members voted to greenlight the move to join forces as a single, larger mutual insurer. Pending regulatory approval, NorthStandard is expected to come together as a unified…

Babcock International Group achieved Ready for Sea Date for the Type 23 frigate HMS Somerset at Babcock’s Devonport facility.HMS Somerset started her extensive overhaul at Babcock’s Devonport facility in November 2018. During that time, she has undergone a significant upkeep, which has included repairs and updates to her hull and living spaces, replacement of her Sea Wolf with the new Sea Ceptor weapon system and improvements to key electronic equipment. In addition to this, HMS Somerset’s project team have completed the replacement of her four diesel generators…

After 27 years’ service as Chief Executive Officer of Shipowners Claims Bureau, Inc. (SCB), the Managers of the American P&I Club, Joe Hughes will stand down from that role on August 1, 2022. Dorothea Ioannou, currently Deputy Chief Operating Officer of SCB, will succeed Hughes as CEO from that date, making history as the first woman to ascend to the top executive position of an International Group P&I club in the 167 year history of the marine mutuals.At the same time, Vince Solarino will step down as Chief Operating Officer of SCB, Inc.

A guide to maritime pilot transfer safety has been updated amid industry concerns about poorly rigged ladders causing severe injuries or fatalities.The ‘Shipping Industry Guidance on Pilot Transfer Arrangements’, produced by the International Chamber of Shipping (ICS) in partnership with the International Maritime Pilots’ Association (IMPA), features a new section with the International Maritime Organization (IMO)’s guidance on combination embarkation platform arrangements. Provisions for a ‘trapdoor arrangement’ in combination ladders…

North P&I Club has announced the appointment of Michael Asherson as Claims Director, in a return to the Club after three years in private practice in his native South Africa.Asherson, who spent 18 years with North in the period up to 2018, returns to North’s Newcastle head office from November 2 to focus primarily on charter claims.“We are delighted to welcome Michael back to North in view of the widely recognized claims and legal expertise he developed at North and in private practice,” said Paul Jennings, Chief Executive, North.

Babcock International Group signed a Memorandum of Understanding (MoU) with Hyundai Heavy Industries Co Ltd (HHI), to focus on the Republic of Korea’s CVX Aircraft Carrier Program opportunity.John Howie, Babcock Group’s Chief Corporate Affairs Officer, signed the MoU on behalf of the company with Mr. Sam-Hyun Ka, CEO, Korean Shipbuilding and Offshore Engineering (KSOE), the holding company of HHI at the Babcock Korea Limited facility in Busan. The agreement brings the two parties closer together…

Following a £1million conservation, the Scottish Fisheries Museum in Anstruther, Fife, is set to welcome visitors back onboard the iconic ‘Fifie’ Reaper, the last of the great First Class Scottish Herring Luggers and a rare survivor from the golden age of sail.One of the few vessels in the UK’s National Historic Fleet kept in seagoing condition, the two-masted, 70-ft., 50-tonne Reaper will open to the public on August 4 at her pontoon on Anstruther Harbour, once Scotland’s busiest fishing port.The refurbishmen project…