Insurance

North P&I Stresses the Importance of a Working Language

The 180 million GT North P&I club has reminded shipowners of the importance of making sure that an appropriate working language is used on their ships and that seafarers are practised at speaking it.

China's Japanese Ship Seizure has pre-WWII Roots

It all began with a pre-World War Two contract between China's then "ship king" and a Japanese company to lease two Chinese freighters. When the one-year lease was up in 1937,

Calculating Settlement Value of a Case

It has been said that war is politics by other means.  It is probably equally true that litigation is business by other means.  On the one hand, the threat of litigation – and the resulting costs,

How to Work with Your Insurer When Experiencing a Loss

Marine insurance – just like health, automobile and homeowner’s insurance – can be a valuable safeguard in case something unexpected happens. And when something bad happens,

Markel Boosts Marine Underwriting Team in Asia

Markel International, the specialist insurer, has appointed Luke Tidey as an assistant marine underwriter in its Singapore office.   Luke joins from Markel

BP Spill Compensation Battles Rage On

BP pays billions in compensation but some claims still unpaid; Oil still appearing on beaches in Gulf of Mexico. Company says claims process is flawed, not all oil from spill.

Japan Expresses Concern Over Chinese Ship Seizure

The Japanese government has expressed its concerns to China via diplomatic channels over the seizure of a Mitsui O.S.K. Line Ltd ship by a Chinese court in connection with a case over wartime claims,

Ill-fated Korean Ferry May Have Been Going too Fast

It should have been plain sailing for a South Korean ferry carrying hundreds of children and their teachers on an outing to the sub-tropical island of Jeju, an annual trip for Danwon High School.

InterManager Welcomes New Protection for Seafarers

InterManager said it welcomes the adoption of new measures to protect seafarers against abandonment. Amendments to the Maritime Labour Convention 2006, agreed

S.Korean Ferry Master Faces Investigation

The captain of the South Korean ferry that capsized off the southwest coast was facing a criminal investigation on Thursday, an official said, amid unconfirmed

Seacurus Calls for Speedy Implementation of MLC Amendments

Specialist marine insurance intermediary Seacurus has welcomed the agreement to include in the Maritime Labor Convention unpaid crew wages in the event of abandonment,

South Korean Ferry Incident Update

Almost 100 ships, 18 helicopters involved in rescue; as many as 340 people from one school thought to be on board. Accident may be South Korea's biggest in 20 years.

TT Club Signs Partnership in The Philippines

Specialist transport insurance provider, TT Club has appointed a network partner in The Philippines.  Del Rosario Pandiphil Inc. becomes the seventh such partner

Coast Guard Seeks Comment on New Safety Training

U.S. Coast Guard advance notice of proposed rulemaking seeks comments on maritime safety training requirements   The U.S. Coast Guard Monday, April 14, 2014,

Braemar Appoints Group Managing Director

The Board of Braemar Adjusting announced the appointment of Geoff Jones as Group Managing Director of the company with immediate effect. Grant Smith, Chief Executive Officer of Braemar Adjusting,

Padbury Mining Secures $6.5 Bln Port Funding

Australia's Padbury Mining Ltd said it had secured almost $6.5 billion in funding to build a new deepwater port and railway at Oakajee in Western Australia, potentially

Fitter Crews and Fewer Claims

The UK P&I Club’s Pre-Employment Medical Examination Program has just completed its 300,000th examination.   At the beginning of April, Edward Nefuda, a Second

TT Club Pinpoints Risks for Logistics Operators

The overwhelming majority of insurance claims analysed by TT Club have showed that costly damages and loss, as well as serious bodily injury can be prevented or

NTSB: Seastreak Allision due to loss of vessel control

The National Transportation Safety Board determined today that the ferry Seastreak Wall Street struck Pier 11 in Lower Manhattan in January 2013, because the captain

Energy Industry Needs Insurance Against Cyber Attacks

Energy companies have no insurance against major cyber attacks, reinsurance broker Willis said on Tuesday, likening the threat to a "time bomb" that could cost the industry billions of dollars.

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