Insurance

Newport Shipping Debuts New Revenue Sharing Concept

London-based ship manager Newport Shipping has introduced a new revenue sharing agreement (RSA) concept to the Handysize bulk carrier sector and will now market

London P&I Club Warns on Failure to Preserve VDR Data

The London P&I Club saidfailure to preserve Voyage Data Recorder (VDR) data in the event of an incident can compromise the owner’s position in the event of a claim.

Shipowners Club Shares Half Year Results

The Shipowners’ Club has released its half yearly results as at 20th August for the 2014/15 year, and reports a strong underwriting performance with a significant

ICS: Oil Pollution Compensation Regime under Threat

The running of the global regime for compensation from oil pollution from ships may be under threat, due to a decision by governments to wind up the 1971 International

Taking Cyber Risks Seriously

Once, the stars were all that mariners needed to navigate the seas. Today, maritime companies rely on hi-tech systems to operate and navigate equally hi-tech vessels.

Ship Owners and Managers Gather in Singapore

Ship owners and managers will gather in Singapore next week to examine the strengths of their relationship and consider the state of the global shipping industry

TT Club Shows Strong YTD Performance

The TT Club, an international transport and logistics insurance provider,  released a trading update for the period 1 January - 31 August 2014. Charles Fenton,

Unique Investment Opportunity in Antwerp Port

  A unique, particularly attractive investment location of 96 hectares has become available in the port of Antwerp, the second largest port in Europe. The site

ITIC Warns on Email Fraud

ITIC has warned of continued attempts by fraudsters to target payments between shipping companies. Speaking at the 45th FONASBA Annual Meeting in Gothenburg,

XL Offers KRE Cover to Yacht Owners

  To help yacht owners navigate increasingly risky waters, XL Group is adding a Kidnap, Ransom & Extortion (KRE) Crisis endorsement to ShipShape, and ShipShape Plus,

Former DHS Chief Ridge Introduces Cyber Solutions

First U.S. Homeland Security Secretary Tom Ridge Partners with Five Lloyd’s Syndicates to Offer ‘Intelligent’ Cyber Insurance. Ridge Insurance Solutions Company

Easter Pacific Vessel Touches Bottom in Durban

Eastern Pacific Shipping reports that an incident involving its managed vessel m.t. Pacific Quartz took place off Durban in South Africa Friday morning.   While proceeding into the port,

Opposition Builds to UK Nuclear Project in EU Executive

  A landmark deal to use British taxpayers' money to build a 16 billion pound ($25.6 billion) nuclear power station has triggered opposition from a quarter of EU policy-makers,

SSA: Marine Insurance, Finance Are Areas to Develop

Singapore has to further develop and strengthen the pillars of marine insurance and shipping finance if it is to be fully regarded as an influential International Maritime Centre,

ITIC Urges Shipbrokers to Put it in Writing

 ITIC has warned shipbrokers that they face the risk of serious financial loss if they fail to ensure that all parties to fixture agreements are in possession of full,

ITIC Urges Shipbrokers to Put It in Writing

Specialist transport intermediary insurer, ITIC, has warned shipbrokers that they face the risk of serious financial loss if they fail to ensure that all parties

YoungShip Young Corporation Award 2014

For its efforts to promote young employee development, marine insurer GARD has been awarded the 2014 YoungShip Young Corporation Award. The shipping industry

Coast Guard: Investigations Underway in Cutter Collision

The Coast Guard is conducting a series of formal investigations after Tuesday’s collision involving a Coast Guard cutter and a fishing vessel off the coast of Puerto Rico.

Venezuela-Exxon Arbitration Edict Coming Soon

A World Bank arbitration tribunal will rule in days that Venezuela must pay between $700 million and $1.2 billion to Exxon Mobil Corp to compensate for a 2007 nationalization,

XL Group Underwriters at IUMI Conference in Hong Kong

XL Group informs that its leading marine underwriters will join the annual International Union of Marine Insurance (IUMI) conference, the first time to be held

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