- — Thomas Miller’s Shareholders Accept Acquisition Offer by UK P&I Club and TT Club
![[*]](img/ib-star_nm.png "mark favorite")
![[+]](img/ib-marked_nm.png "mark as new")
![[-]](img/ib-markold_nm.png "mark older as read")
![[x]](img/ib-delete_nm.png "delete article")
![[A+]](img/ib-fontbg_nm.png "larger font")
![[a-]](img/ib-fontsm_nm.png "smaller font")
![[l]](img/ib-link_nm.png "direct link")
at 7/13/26 3:00pmUK PI Club and TT Club have announced their joint offer to acquire Thomas Miller Holdings has received strong shareholder support, with acceptances in excess of 89%. The acquisition offer was made to shareholders on 18 June 2026 by TMH Bidco, a special-purpose vehicle jointly established by UK PI Club and TT Club to facilitate ...- — Emergency power system: Will it work in a blackout?
- at 7/12/26 3:00pmFindings from the Tokyo MoU and IACS indicate that routine testing may not reflect how emergency power systems perform during a real loss of main power. Inadequate testing can leave critical systems unproven and create a false sense of readiness among crew when it matters most. What the rule says All SOLAS ships must have ...
- — PaxOcean opens LNG-ready Singapore yard as vessel complexity rises
- at 7/12/26 3:00pmThe 17.26-hectare 5JS facility combines LNG repair capability with innovation and digital engineering support. PaxOcean’s new 17.26-hectare shipyard at 5 Jalan Samulun is strengthening Singapore’s capacity to support larger and more complex maritime projects as vessels and offshore assets become more advanced. Tan Thai Yong, Managing Director and CEO of PaxOcean, said the maritime sector ...
- — Strait of Hormuz: Sanctions Considerations
- at 7/9/26 3:00pmImmediate Revocation of General License X and Introduction of General Licence X1 Following the latest breakdown in the U.S.–Iran negotiations, OFAC has now revoked GL X and replaced it with General License X1 (“GL X1”). Effective from 7 July 2026, GL X1 supersedes GL X in its entirety and authorises only those activities that are ...
- — NorthStandard appoints Oak as Senior War Underwriter to reinforce war risks ambition
- at 7/8/26 3:00pmNorthStandard has appointed Jonathan Oak as Senior War Underwriter, further strengthening its Hull War team as geopolitical developments continue to reshape the risk landscape for global shipping. Oak joins from the UK War Risks Club and brings extensive experience in war risks underwriting, including advising shipowners operating in complex and rapidly evolving threat environments. ...
- — Fire in the engine room due to auxiliary engine erosion plug failure
- at 7/5/26 3:00pmDue to the combination of flammable materials, complex machinery, and human factors, fire in the engine room remains the most common and costly risk in Hull and Machinery insurance. Skuld has seen recent cases of engine room fires due to erosion (fusible) plug failure. An erosion plug failure in a fuel pump can cause engine ...
- — US courts signal shift in the interpretation of “package” under COGSA
- at 7/5/26 3:00pmRecent decisions from US courts, particularly in the Second Circuit (New York), suggest a more contractual approach to determining what constitutes a “package” under the Carriage of Goods by Sea Act (COGSA). By giving effect to express package definitions in bills of lading, the courts may significantly reduce carriers’ limitation exposure and highlight the importance ...
- — General Average: Managing the Process and Protecting the Recovery
- at 7/3/26 3:00pmGeneral Average is one of the oldest principles of maritime law. It is an equitable doctrine that shares among property owners of the assets involved in maritime adventures the cost of extraordinary sacrifices or expenses incurred to avert a peril threatening the whole voyage. This article explains how it works, how to manage the process, ...
- — The Swedish Club warns crew competence must keep pace with Asia’s new generation of vessels
- at 7/3/26 3:00pmAsias rapid investment in LNG and alternative fuel vessels must be matched by greater investment in crew competence if the industry is to realise the safety benefits of next-generation ships, according to The Swedish Club. Owners across the region are actively looking at new tonnage, supported by strong market conditions and demand for more advanced ...
- — UK Emission Trading Scheme for Maritime entering into force on 1 July 2026
- at 7/3/26 3:00pmFrom 1 July 2026, the UK ETS applies to ships of a gross tonnage (GT) of 5000 or more, with plans to review this by 2028. From that date on, maritime activities are regulated under the UK ETS. From 1 January 2027, the application of the UK ETS will extend to offshore ships of 5000 gross tonnage ...
- — Ai Marine launches Fixed Premium P&I product backed by London P&I
- at 6/30/26 4:00amAi Marine, the London and Scandinavia based marine Managing General Agency, has launched a Fixed Premium Protection Indemnity (“PI”) product, with capacity provided by London PI, a member of the International Group of PI clubs. Established in December 2023 with investment from B.P. Marsh Partners PLC, Ai Marine has offices in London, Stockholm ...
- — BMS: Marine Insurance London Market Outlook
- at 6/28/26 3:00pmAfter roughly seven years of remediation that took rates, terms and underwriting discipline from a state of acute stress in 2018 to one of the most profitable runs the London market has seen this century, the marine insurance market has entered a soft phase. Rates are largely trending down, capacity is expanding, terms are loosening ...
- — The Shipowners’ Club Announces Senior Claims Leadership Appointments
- at 6/28/26 3:00pmThe Shipowners’ Club, the leading PI insurer in the smaller and specialist vessel sector, has announced four senior appointments within its Claims team, effective 1 January 2027. These changes mark a significant evolution in the leadership of one of its core functions. A New Chapter for Britt Pickering After more than 22 years with the ...
- — Gard Crew Claims Report 2026: Most seafarer injuries happen during routine work
- at 6/26/26 3:00pmDrawing on around 3,000 PI crew claims from 2025, including an in-depth review of around 400 injury cases, the report highlights persistent patterns in crew illness, injuries and fatalities. It also provides some new insights about safety and risk at sea. Key findings The report highlights both long-term trends and emerging patterns, and key findings ...
- — Idle vessel reinstatement – fuel integrity, hull condition and antifouling performance
- at 6/26/26 3:00pmFuel system Extended idling, especially in high-temperature or tropical regions such as the Arabian Gulf, can lead to significant fuel degradation, water contamination, microbial growth, and sludge formation, increasing the likelihood of machinery damage, operational delays and insurance claims. Extended storage of fuel under heat and inactivity accelerates the fuel instability. Key risks are microbial ...
- — The New China Maritime Code: key cargo issues for carriers
- at 6/25/26 3:00pmThe CMC revision aims to modernise Chinese maritime law, align it more closely with international conventions and commercial practice, and address areas that have historically created uncertainty in cargo claims and enforcement before Chinese courts. Continuity of the liability regime Chapter IV of the new CMC, governing contracts of carriage of goods by sea, remains ...
- — Safe carriage of nickel ore cargoes in the south-western Pacific Ocean
- at 6/25/26 3:00pmCircular issued by International Group clubs Introduction Since 2024 there has been a significant increase in the volume of nickel ore exports from both the Philippines and the Solomon Islands located in the south-western Pacific Ocean. This surge in exports corresponds with heightened mining investments in these regions, driven by global demand for nickel in ...
- — Underperformance without good weather – Part II: Alternative methods
- at 6/24/26 3:00pmIntroduction As we noted in our previous issue of the Skuld Charterer[1], an increasing number of dry cargo charterparties feature ever more restrictive good weather definitions in owners favour[2]. The actual conditions experienced during a voyage often fail to meet the prescribed thresholds[3] or create difficulties for WRCs to identify contractual good weather'[4]. The practical ...
- — London P&I extends growth in business volumes, revenues and free reserves to continue positive multi-year momentum
- at 6/24/26 3:00pmLondon PI has announced its financial results for 2025/26, reporting an operating surplus of US$21.2m, increasing year-end free reserves to US$192.4m. The results followed an increase in London PI’s premium base across both mutual and fixed PI product lines, with gross premium income increasing 8% to reach US$172.9m. Entered tonnage across all geographies also rose ...
- — Shipping to Venezuela: Navigating a Reopening Market
- at 6/23/26 3:00pmVenezuela’s natural beauty and vast resources were first noted by Spanish navigators in the early 16th century. It was during this period that Alonso de Ojeda named the territory “Venezuela,” or “Little Venice,” inspired by the stilt houses he observed around Lake Maracaibo, which reminded him of Venice. From the moment of its naming, a ...
- — Beyond Specification: Bunker Claims Insights, Early 2026
- at 6/22/26 3:00pmThis report shares practical observations from these recent cases, highlighting recurring challenges and essential considerations for managing fuel quality issues effectively. Key findings Sharp rise in bunker claims and geopolitics: Bunker-related claims increased significantly in early 2026, with over 70 cases recorded a 50% rise compared to 2025. Most claims involved fuel quality, with ...
As of 8/9/26 12:15pm. Last new 7/13/26 5:17pm.
- Next feed in category: gCapitan