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Insurers pinpoint the complex causation of container casualties
Both the extent and pace of growth in container volumes have put strains on a wide range of operational procedures and the physical hardware employed to handle the steel boxes, particularly onboard ships. Attention to numerous factors is needed to avoid repeated casualties
A webinar organised by the Thomas Miller managed insurance mutuals, container freight specialist TT Club and protection & indemnity insurer, UK P&I Club, revealed...
North American dockers receive international support in their ongoing fight for racial justice
Friday, 19 June – Brussels
A week after ILA and ILWU dockers shut down ports on the east and west coasts of the United States in solidarity with George Floyd and countless other victims of police brutality and racial injustice; our international dockers family is standing with our sisters and brothers of the ILWU and ILWU Canada, as they once again put down their tools to add their industrial muscle to...
Pratap Shirke
North resilient in the face of large claims
Club confidently delivering on strategy to strengthen and diversify in face of challenging 2019-20 claims year.
Two major casualties put a dent in North P&I Club’s underwriting figures for policy year ending 20 February 2020, but the period also saw the launch of new products as part of its continuing diversification, Member retention maintained at 99% and more tonnage insured than ever before. North’s 15th consecutive year of ‘A’ financial...
https://www.allaboutshipping.co.uk/2020/05/27/north-resilient-in-the-face-of-large-claims/
Tom Adams
Risk specialist joins Navigate Response as Crisis Response Manager
Tom joins Navigate Response from the security sector where he assisted clients in preparing for special risk incidents including active assailant, kidnap and piracy events. With the maritime sector facing ever greater security and geopolitical...
Ida Stier greeting captain Chris Adams
Grupo Stier celebrates its 25th anniversary with reception in the City of London
by James Brewer.
Ida Stier, founder and chief executive of Grupo Stier, welcomed guests from many sectors of the maritime industry to a reception in London to mark the 25th anniversary of the group that carries her name.
The business is involved in an extensive range of shipping services – from training, to its role as P&I (protection and indemnity) correspondents, to ship agency,...
CCRIF Announces Final Payout Numbers of US$12.8 million to The Bahamas following Hurricane Dorian
Grand Cayman, Cayman Islands, September 26, 2019. CCRIF announced today that it has made two payouts to the Government of The Bahamas totalling US$12.8 million (US$12,824,153) following the passage of Hurricane Dorian that caused widespread devastation in the northern part of the country affecting 2 of the 16 main islands that make up this archipelago of islands and cays.
The Bahamas has 3 tropical...
The discount rate: Has the Government gone far enough?
Last week it was announced that as of 5 August 2019, the discount rate (a figure used to help calculate lump sum compensation payments for high value personal injury claims) will increase from -0.75% to -0.25% following a review under the Civil Liability Act 2018. It reflects the fact a Claimant will invest a lump sum payment and receive a return on such investment.
The Club has published an article detailing what the change will mean for...
http://www.allaboutshipping.co.uk/2019/07/26/the-discount-rate-has-the-government-gone-far-enough/
The Cover of “Effective Mooring”
OCIMF releases fourth edition of Effective Mooring
4 March 2019 London Mooring is one of the most complex and dangerous operations for ship and terminal crew. If something goes wrong, the consequences can be severe.
That’s why the Oil Companies International Marine Forum produced Effective Mooring, which has just been released in its fourth edition. Written for crew on board oil tankers, barges and terminals, it gives crew a general introduction to mooring and...
http://www.allaboutshipping.co.uk/2019/03/04/ocimf-releases-fourth-edition-of-effective-mooring/
Stuart Rivers
International maritime charity Sailors’ Society is calling on ship owners to embrace conflict resolution as a matter of urgency, following three knife attacks at sea in almost as many weeks.
Sailors’ Society’s CEO Stuart Rivers said, “The tragic news, that two people were killed on board a vessel in the Indian Ocean and six people are missing, is the latest in a spate of stabbings at sea and our thoughts are with those affected.
“We are urging ship owners to embrace conflict...