Insurance

UK Club, Lloyd’s Register, Intercargo: Pocket guide focuses on safe carriage of solid bulk cargoes When bulk cargoes shift, liquefy, catch fire or explode as a consequence of poor loading procedures, the consequences can be massive. Ships may capsize, lose stability or sustain severe structural damage. 23/5/2013
The Swedish P&I Club initiates Monthly Safety Scenario The Swedish Club has launched a new Loss Prevention initiative to assist owners. Under the ISM requirement owners are obliged to carry out monthly safety meetings or safety committee meetings onboard their vessels. 17/5/2013
Water Mist Systems to cause detentions in US
The UK P&I Club has been advised of a number of recent detentions involving the Water Mist Systems being disabled or being left in an inoperable condition.
 13/5/2013
HK insurers call for more maritime incentives The Hong Kong Federation of Insurers (HKFI) has come up with a raft of proposals to make the city a more attractive international maritime centre (IMC), with tax excemptions and incentives topping the list of suggestions.   9/5/2013
Nigeria’s IGI, UK Firm Offer $100m Indemnity For Ship Operators Industrial and General Insurance Plc (IGI) and United Kingdom-based, The East of England P&I Association Limited have entered a partnership to guarantee protection and indemnity insurance that will safeguard owners and people wo charter commercial ships in Nigeria against liabilities. 9/5/2013
Oil insurance being prepared by Iran for its tankers The president of the Bimeh Markazi (Central Insurance) Company in Iran has just announced that Tehran is now prepared to being providing oil insurance to tankers that are transporting crude from the country. 29/4/2013
Marine hull insurance to see muted growth Marine hull segment will continue to see muted growth this year due to low premiums and bad financial health of shipping industry. 22/4/2013
North P&I Club flags up break-bulk cargo stowage problems
The ‘A’ rated 170 million GT North P&I club has experienced an increase in claims arising from poor stowage and securing of break bulk cargoes, particularly on ships departing from China.
 19/4/2013
Africa's trade boom drives demand for innovative marine and cargo insurance solutions The perception that trade with Africa is fraught with pitfalls is wrong African countries are among the fastest growing economies in the world despite the lingering after effects of the recession that continue to impact on other global, developed economies. 16/4/2013
Marine insurance sector continues to struggle from 2012 losses It has been nearly six months since Hurricane Sandy struck the U.S. and losses from the powerful storm are still being reported and tallied. 3/4/2013

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