[*] [-] [-] [x] [A+] [a-]  
[l] at 4/11/24 3:00pm
In the recently published Annual Cargo Theft Report 2023 TT Club and BSI SCREEN Intelligence pinpoint high inflation as a primary macroeconomic driver of cargo crime patterns. The rise in food and beverages as a stolen commodity is one such indicator. Increase in Food and Beverages (incl. alcohol) stolen from 16% to 24% of global ...

[Category: Marine Insurance P&I Club News, Πρώτη σελιδα]

[*] [+] [-] [x] [A+] [a-]  
[l] at 4/9/24 3:00pm
With marine insurance being an important component of vessel operating costs, we have done a review of the latest trends in PI and HM as part of the assessment for Drewry’s upcoming Ship Operating Costs report. Protection Indemnity – market softening but reinsurance more volatile At the recent renewal on 20 February 2024, the ...

[Category: International Shipping News, Marine Insurance P&I Club News, Tops]

[*] [+] [-] [x] [A+] [a-]  
[l] at 4/8/24 3:00pm
Shipping, and in particular shipowners, may feel that the past couple of years have been overwhelming in terms of adapting to new decarbonisation regulations. 2023 saw the introduction of the Energy Efficiency eXisting ship Index (EEXI) and the Carbon Intensity Index (CII). 2024 has seen the extension of the EU Emissions Trading System (EU ETS) ...

[Category: Marine Insurance P&I Club News, Shipping: Emission Possible, ΒunkerportsnewsTop, Πρώτη σελιδα]

[*] [+] [-] [x] [A+] [a-]  
[l] at 4/8/24 3:00pm
Improved industry cooperation is key to ensuring the maritime industry meets the challenges of today’s uncertain operating environments, believes Thomas Nordberg, Managing Director of The Swedish Club. He made the comments during his keynote address at the Nordic Association of Marine Insurers’ (Cefor) annual seminar and dinner, held in Oslo on 4th April. “A joint ...

[Category: Marine Insurance P&I Club News, Πρώτη σελιδα]

[*] [+] [-] [x] [A+] [a-]  
[l] at 4/8/24 7:00am
Sometimes seafarers participate in an amiable exchange of low-value items from the vessel, including scrap, stores, and personal effects, with locals in foreign ports. Through such bartering seafarers acquire welfare items like SIM cards and fresh supplies. However, some local authorities view such transactions as violations of local laws, potentially resulting in substantial fines and/or ...

[Category: Marine Insurance P&I Club News, Πρώτη σελιδα]

[*] [+] [-] [x] [A+] [a-]  
[l] at 4/8/24 4:00am
This circular informs Members of the approval by the International Group of PI Clubs (the Group) of the trace:original system, provided by Enigio. Members may recall, as reported in Circular of 2 April 2024, that, until February 2010, the Rules of all of the Group Clubs specifically excluded liabilities in respect of the carriage of ...

[Category: Marine Insurance P&I Club News, Πρώτη σελιδα]

[*] [-] [-] [x] [A+] [a-]  
[l] at 4/7/24 3:00pm
Despite mandatory requirements for shipper information on solid bulk cargoes, inaccurate or incomplete cargo declarations are still common in shipments leaving Brazilian ports. The problem Domestic law and international regulations require shippers to provide adequate written information about solid bulk cargo well in advance of loading. Internationally mandatory requirements are contained witin SOLAS and the ...

[Category: Marine Insurance P&I Club News, Πρώτη σελιδα]

[*] [+] [-] [x] [A+] [a-]  
[l] at 4/4/24 3:00pm
Introduction On 20 September 2023 the Supreme Court of the United Kingdom handed down its much-anticipated judgment in Republic of Mozambique (acting through its Attorney General) v. Privinvest Shipbuilding SAL (Holding) and others [2023] UKSC 32. The appeal concerned the interpretation and application of section 9 of the Arbitration Act 1996 and, in particular, whether ...

[Category: Marine Insurance P&I Club News, Tops]

[*] [+] [-] [x] [A+] [a-]  
[l] at 4/4/24 7:00am
Bolero International Ltd, E-Title Authority Pte Ltd, Global Share S.A. (edoxOnline platform), WAVE (WAVE Application), ICE Digital Trade Management Limited, CargoX, IQAX Limited (IQAX eBL), Secro Inc. (Secro), TradeGo PTE. LTD (TradeGoeBL), eTEU Technologies Ltd (eTEUeBL Platform), and BRITC ETRADE SOLUTION Co., Ltd (BRITC eBL). This circular informs Members of the approval by the International ...

[Category: Marine Insurance P&I Club News, Πρώτη σελιδα]

[*] [-] [-] [x] [A+] [a-]  
[l] at 4/3/24 3:00pm
The Swedish Club proudly announces the appointment of Martti Simojoki as the newest addition to our team, taking on the crucial new role of Loss Prevention Manager. Martti brings a wealth of expertise and experience from his extensive 20-year career, having served as a Senior Loss Prevention Manager at Alandia in Finland and holding a ...

[Category: Marine Insurance P&I Club News]

[*] [+] [-] [x] [A+] [a-]  
[l] at 3/28/24 12:00pm
Britannia, the insurer of container ship the Dali, is working with the vessels owner and U.S. authorities on the investigation into the collapse of Baltimores Francis Scott Key Bridge, Britannia said on Thursday. The bridge collapsed on Tuesday after the Dali suffered a power outage and struck a pylon, causing huge disruption in the port. ...

[Category: Marine Insurance P&I Club News, Πρώτη σελιδα]

[*] [+] [-] [x] [A+] [a-]  
[l] at 3/28/24 5:00am
Baltimores Francis Scott Key Bridge collapse could cost insurers several billions of dollars in claims, sources say, but it is too early to calculate the likely full financial losses of the tragedy that has shuttered one of the busiest ports in the United States. Six people are still missing after a collision with a Singapore-flagged ...

[Category: Marine Insurance P&I Club News, Πρώτη σελιδα]

[*] [+] [-] [x] [A+] [a-]  
[l] at 3/27/24 8:00am
The Vehicle Carrier Safety Forum is a consortium of vessel operators, insurers and other industry experts, whose role is to promote safety on vessels designed to carry vehicles. The guidance is supported by industry bodies The International Group of PI Clubs, The International Chamber of Shipping and the TT Club. The guidelines are intended to ...

[Category: Marine Insurance P&I Club News, Πρώτη σελιδα]

[*] [+] [-] [x] [A+] [a-]  
[l] at 3/26/24 8:00am
Apollo today announces its new Builders’ Risk Consortium in partnership with Munich Re Syndicate Limited (MRSL) and Tokio Marine HCC International (TMHCCI). The new consortium, which went live earlier in 2024, builds on an established arrangement in which Apollo has partnered with MRSL since 2019 in a successful Hull collaboration. Apollo already has a position ...

[Category: Marine Insurance P&I Club News, Πρώτη σελιδα]

[*] [+] [-] [x] [A+] [a-]  
[l] at 3/22/24 4:00pm
As a speed boat carrying more than a dozen Somali pirates bore down on their position in the western Indian Ocean, the crew of a Bangladeshi-owned bulk carrier sent out a distress signal and called an emergency hotline. No one reached them in time. The pirates clambered aboard the Abdullah, firing warning shots and taking ...

[Category: International Shipping News, Marine Insurance P&I Club News, Πρώτη σελιδα]

[*] [+] [-] [x] [A+] [a-]  
[l] at 3/21/24 12:00pm
The Swedish Club reported positive results for 2023, combined with an emphasis on supporting its members, strengthening its core business and structuring the organisation to prepare for the challenges the industry will face in the future. The Club’s end year results delivered a balanced underwriting result, with a combined ratio of 102%, through prudent risk ...

[Category: Marine Insurance P&I Club News, Πρώτη σελιδα]

[*] [+] [-] [x] [A+] [a-]  
[l] at 3/20/24 8:00am
The West of England PI Club (West) has announced the creation of two new specialist claims teams and a number of key promotions in its London office, in response to evolving trends in shipping’s claims landscape. To enhance and strengthen the West’s service, and to build on the existing expertise within its claims department for ...

[Category: Marine Insurance P&I Club News, Πρώτη σελιδα]

[*] [+] [-] [x] [A+] [a-]  
[l] at 3/19/24 4:00pm
Gard today announced the second-best annual results in its 117-year history, showcasing record levels of premium income, a robust insurance performance and positive investment returns. Key highlights include (all income and result figures are on an Estimated Total Call basis): Gross written premium of USD 1,183 million Combined ratio net of 93 per cent Insurance ...

[Category: Marine Insurance P&I Club News, Πρώτη σελιδα]

[*] [+] [-] [x] [A+] [a-]  
[l] at 3/19/24 4:00pm
Dun Bradstreet, a leading global provider of business decisioning data and analytics, and Concirrus, the leading provider of AI-powered marine insurance intelligence, have today announced a ground-breaking partnership to transform marine insurance globally. A pandemic, the Suez Canal blockage, man-made disasters such as Tianjin and Beirut, wars, sanctions, and extreme weather, have all contributed ...

[Category: Marine Insurance P&I Club News]

[*] [+] [-] [x] [A+] [a-]  
[l] at 3/19/24 8:00am
On 1 March 2024, China published the baselines of its territorial sea adjacent to the northern section of the Beibu Gulf. This delineation gives vessels distinct geographical reference points to comply with statutory regulations, such as reporting requirements for foreign vessels entering China’s territorial sea, as well as the disposal of oily water, sewage, and ...

[Category: Marine Insurance P&I Club News, Πρώτη σελιδα]

[*] [+] [-] [x] [A+] [a-]  
[l] at 3/15/24 4:00pm
The American Club has reported relatively moderate drops from the year-on-year renewal results, which reflects overall stability within the context of recent challenges as well as its de-risking strategy. Gross tonnage for the Club’s Class I (mutual PI) entries stands at 22.5 million, down by approximately 2.5 million compared to inception one year earlier, with ...

[Category: Marine Insurance P&I Club News, Πρώτη σελιδα]

As of 4/12/24 9:42pm. Last new 4/11/24 5:10pm.

First feed in category: Shipping News - Oil Energy