- — From deck to desk: Women and the future of shipping
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at 5/19/25 3:00pmAdmiral Nelson, Captain Kidd, and James Cook are legendary British figures. Sir Francis Drake and Captain Blackbeard are also well known. What they have in common is that they are all men. Historically, the maritime industry has been a male-dominated field. Whether naval officers, merchant sailors, explorers or pirates, it has been men who have ...- — The key factors that influence safety at sea
- at 5/16/25 3:00pmDr. Torkel Soma is the Chief Scientist and co-founder of SAYFR, a leading provider of safety culture assessments and culture development programs for the maritime industry. Prior to co-founding SAYFR, he held key positions at PROPEL, DNV and Marintek. Dr. Torkel Soma, you have more than 25 years of experience from the industry. Why has ...
- — West delivers strong growth and resilience amid market challenges in 2024-25
- at 5/15/25 3:00pmWest of England PI Club is pleased to announce another year of strong financial results as the Club continues to deliver on its long-term strategy of sustainable growth, disciplined underwriting, and capital resilience. The combined ratio for the 2024-25 financial year was 103.9%, reflecting the impact of increased International Group (IG) Pool claims. Despite this, ...
- — India Approves More Russian Insurers to Provide Marine Cover
- at 5/15/25 4:00amIndia has approved three Russian insurers, including a unit of top lender Sberbank, to provide marine cover to ships arriving at Indian ports, a government notification shows, helping Moscow maintain oil supplies to a key market. India has become the second-largest buyer of Russian seaborne oil after Western nations shunned purchases and imposed sanctions on ...
- — West of England P&I: Strong Growth and Resilience Amid Market Challenges in 2024-25
- at 5/14/25 3:00pmThe Club is pleased to announce another year of strong financial results as it continues to deliver on its long-term strategy of sustainable growth, disciplined underwriting, and capital resilience. The combined ratio for the 2024-25 financial year was 103.9%, reflecting the impact of increased International Group (IG) Pool claims. Despite this, West’s own claims experience ...
- — Charterers’ rights under the LLMC: the MSC FLAMINIA ruling
- at 5/13/25 3:00pmThe containership MSC FLAMINIA was on its way from South Carolina to Antwerp in July 2012, when mid-Atlantic, an explosion on board led to a severe fire. Three crew members lost their lives and hundreds of containers were destroyed. The explosion was caused by the auto-polymerisation of a chemical called DVB which was stored in ...
- — Port situation in India and Pakistan
- at 5/12/25 3:00pmOur local correspondents in India and Pakistan have provided the following updates on the current situation. India Port situation: Currently, all ports in India, including the ports close to the border with Pakistan, remain operational. Impact on air traffic: For unknown reasons, the Bhuj, Kandla and Rajkot airports have suspended all services. Trade restrictions: On ...
- — Skuld announces positive financial result for 2024/25 reporting year
- at 5/9/25 3:00pmSkuld delivered a positive financial result of USD 21 million for the year ended 20 February 2025 (USD 126 million in 2024), driven by a strong contribution from the investment portfolio across various asset classes and significant premium growth. Gross earned premium reached USD 578 million (an increase of USD 51 million year-on-year), supported by ...
- — Port situation in India and Pakistan
- at 5/9/25 11:00amOur local correspondents in India and Pakistan have provided the following updates on the current situation. India Port situation: Currently, all ports in India, including the ports close to the border with Pakistan, remain operational. Impact on air traffic: For unknown reasons, the Bhuj, Kandla and Rajkot airports have suspended all services. Trade restrictions: On ...
- — Skuld London office has a new home – at The Gherkin
- at 5/8/25 3:00pmSkuld is pleased to announce that our London office has moved to new premises at 30 St Mary Axe, better known as The Gherkin — right in the heart of the City of London. The move marks an exciting new chapter for our London team. The new space offers a modern, flexible environment that supports ...
- — Arabian Sea war risk premia for ships stable, may rise if India-Pakistan conflict escalates
- at 5/8/25 4:00amThe insurance costs for commercial ships, including tankers moving to and from the Indian subcontinent, are stable and no incremental war risk premia have been levied due to escalating tensions between India and Pakistan, maritime executives and navy officials said May 7. A nominal Additional War Risk Premium, or AWRP, for passing through the Arabian ...
- — The Shipowners’ Club reports a 98.8% combined ratio and a strong capital position
- at 5/6/25 3:00pmThe Shipowners Club, the leading mutual PI insurer in the smaller and specialist vessel sector, has reported results for the year ended 31 December 2024. The 2024 financial year saw the Club deliver an underwriting surplus of US$ 3.2m, with a combined ratio of 98.8%. As part of that, for the first time in the ...
- — What’s in the box? How packaging affects carrier liability
- at 5/6/25 4:00amThe principles under which a carrier can limit its liability pursuant to the Hague and Hague-Visby Rules continue to be a contentious issue in the maritime legal landscape. Notable cases such as Kyokuyo Co. Ltd. v. AP Møller-Maersk A/S (the Maersk Tangier) and, more recently, MMA Iard v. CMA CGM, decided by the French Supreme ...
- — BIMCO revises War Risks clauses for time and voyage charter parties
- at 5/4/25 3:00pmBIMCO has recently taken the opportunity to revise its most widely used War Risks clauses for time and voyage charter parties and an overview of the main changes compared with the 2013 clauses is set out below. Members will see that several of the provisions are now more “charterer friendly” compared with the 2013 clauses. ...
- — US port fees for Chinese vessels: what they mean in practice
- at 5/4/25 3:00pmNearly 600 public comments were submitted prior to the two-day hearing held on 24-25 March about the Trump administration’s proposed import fees for Chinese vessels. Submissions included papers from the International Chamber of Shipping, BIMCO, INTERTANKO and other industry associations. As a result of this engagement, the initial proposal was tempered, and the prospect of ...
- — From habit to hazard: Personal electronic devices can be a workplace distraction
- at 5/2/25 3:00pmConstant use of personal devices Despite being known risks factors in safety-critical industries like shipping, the constant use of mobile phones and other personal devices persists due to ingrained connectivity habits, the urge for instant responses, and the mistaken belief that individuals can effectively multitask while operating personal devices and performing critical duties. The psychological ...
- — Update on proposed US tariffs
- at 5/2/25 3:00pmUpdate on proposed US tariffs: ‘service fees’ on vessels calling at US ports Following the announcement on 21 February 2025 by the US Trade Representative (USTR) of proposals to impose substantial ‘service fees’ on ships and operators with Chinese connections, the USTR issued a further announcement on 17 April 2025. The proposals The USTR’s proposal of 17 April ...
- — 5/2025: Release calls and open policy years
- at 5/2/25 3:00pmThe Association’s Board of Directors, and the Boards of its subsidiaries, have determined that the following procedures and factors shall be followed and taken into account when determining the Release Call percentages and the collection of Release Calls when an entry is terminated or ceases: The risk that any previously published levels of estimated premiums ...
- — Gard launches new safety culture service to its customers
- at 5/2/25 11:00amA strong safety culture is key to preventing accidents and minimising losses. This initiative is a major step forward in our commitment to ensure that Members and clients are safer with Gard, said Rolf Thore Roppestad, CEO of Gard. The new service is provided in collaboration with SAYFR, a leading provider of safety culture assessments ...
- — New EU rule to require insurance information for all vessels in its waters
- at 5/2/25 4:00amAll vessels passing through EU waters, including those which do not enter one of the blocs ports, will be required to provide insurance information under a new delegated directive introduced by the European Commission last week. The amendment to the Vessel Monitoring Directive (2022/59/EC) adds to EU attempts to crack down on uninsured vessels, which ...
- — USTR Notice of Action and Proposed Action implementing fees on US port calls
- at 4/29/25 3:00pmOn 17 April 2025 the US Trade Representative (“USTR”) published a Notice of Action and Proposed Action (the “USTR Notice”) implementing fees on US port calls for certain categories of non-US built ships. The implications are far from clear at present and there are a number of ambiguities to be resolved, not least the definition ...
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