Insurance

Monitoring U.S. Troops Returning from Ebola Mission

Secretary Hagel has signed an order that validated a recommendation from the Joint Chiefs of Staff to place all U.S. military service members returning from

UK P&I Club: 6.5% General Increase for 2015

The UK P&I Club board has agreed at its meeting on October 27, 2014 that the general increase for the 2015 renewal will be 6.5%. The premium rating increase

WTO Publishes Annual Package of Trade and Tariff Data

  The WTO released on 28 October 2014 new editions of its key statistical publications: International Trade Statistics, Trade Profiles, World Tariff Profiles and Services Profiles.

North P&I Club Advises Inclusion of Ebola-Specific Clauses

  The 180 million GT, ‘A' rated North P&I Club is advising shipowner Members to take great care to protect the health of their crew members when calling at ebola-affected ports in west Africa.

FONASBA Endorses ITIC' s Post-Fixture Clause

ITIC has recommended that brokers place a post-fixture clause at the end of recap messages to reduce the chances of exposure to severe financial loss as a result

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,

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