Insurance

Eagle Ocean Marine Launches Ship Recycling Insurance Facility

New program offers customized cover backed by Lloyd’s security Eagle Ocean Marine, a fixed-premium P&I facility operated as a joint venture between a number

More Coverage Expected from New Federal Regs

Legislation passed on Tuesday, July 29, 2014 by the U.S. House of Representatives will bring a benefit to improve insurance coverage at lower cost to companies

London Shipping Professionals Weigh in for SPNL Report

The Shipping Professional Network London (SPNL) has  released their full Future London report, an initiative that gathered the views and opinions of London’s young

Update: U.S. to Seize Kurdish Oil from Tanker off Texas

U.S. authorities are set to seize a cargo of oil from Iraqi Kurdistan anchored off the Texas coast after a judge approved a request from Baghdad, raising the stakes

South Korean Teens: Left to Escape Sinking Ferry

Students testify no help came from crew; Coastguard rescuers were passive, only pulling passengers out. Crew in a state of panic, witness says. Six teenagers

Coast Guard Responds to Grounded Freighter in Lake St. Clair

The Coast Guard has responded Sunday to a 656-foot freighter that was hard aground in the downbound shipping channel of Lake St. Clair. Initial reports indicate

Cause of S.Korea Ferry Businessman's Death Remains Unknown

 Yoo's body too badly decomposed to determine cause of death; mystery surrounding final days of de-factor owner of doomed ferry deepens. Yoo's son arrested in latest capture of family members.

The Cause behind the Clause Piers & Docks Insurance

As a maritime business owner, your day-to-day focus is on managing and growing your business. Understandably, thinking about and understanding the nuances of your

New ABYC Categories for Insurance, Law Firms

The American Boat & Yacht Council (ABYC) is now offering a new membership category designed for insurance companies and law firms operating in the marine industry.

American Club Expands E-Learning Offering

The American P&I Club has added to its library of e-learning modules released in cooperation with IDESS IT in the Philippines. The new module covers compliance

Response Firm Coordinates Indian Ocean Rower Rescue

Global Rescue, a crisis response firm providing medical, security, evacuation, and travel risk management services, says it has coordinated the rescue of a rower

South Korea Ferry Survivors Demand Answers

Teenage survivors of South Korea's worst maritime disaster in 20 years, many wearing yellow bracelets, walked out of classrooms on Tuesday and marched on parliament

Engineers Attach Final Tow Chains to Costa Concordia

Salvage going to plan, hulk due to depart July 21. Engineers were securing the final chains to the Costa Concordia on Tuesday, preparing the wrecked luxury liner

TT Club Backs Young Freight Forwarder Award

TT Club is continuing its sponsorship of FIATA’s Young International Freight Forwarder of the Year Award.  The relationship between the two organizations in relation

Iran Oil Tanker Firm Still Faces Sanctions

Iran's main oil tanker firm NITC will struggle for some time to call at European ports, get foreign insurance and overcome obstacles under western sanctions, even

Costa Concordia Refloated

The wreck of the luxury liner Costa Concordia was refloated on Monday and will soon be towed away and broken up for scrap, more than two years after it capsized off the Italian coast,

AEU Hires Ruizas as Loss Control Manager

The American Equity Underwriters, Inc. (AEU) recently hired Ray Ruizas Loss Control Manager. Ruizas’ safety experience includes five years at a large shipyard in Port Arthur,

TT Club Supports Supply Chain Learning Initiative

TT Club announced its support for a unique learning initiative – Business on the Move. The educational tool takes the form of a board game which is designed to

Collision Halts Statoil Oseberg Platform Production

Statoil shut its oil platform at the Oseberg East field offshore Norway after a collision with a supply vessel but production was expected to restart later the same day, a spokesman said.

Call for International Action on Ports of Refuge

John M Lyras, Chairman of the London P&I Club, has called for concerted international action on the provision of places of refuge for ships involved in casualties.

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