Broker Gallagher has released its 2020 pre-renewal review, covering past results and the situation for the policy year to date. Today, London Club. Full Name: London Steam‑Ship Owners’ Mutual Insurance Association Ltd. www.lsso.com 50 Leman Street, London E18HQ UK Tel: +44 207 772 8000 Fax: +44 207...
Insurance Marine News
Pacific Carriers fined $12m for pollution offences
Singapore based Pacific Carriers Limited (PCL) has been fined $12m by the US District Court for the Eastern District of North Carolina after pleading guilty to violations of the Act to Prevent Pollution from Ships, obstruction of justice, and for a failure to notify the US Coast Guard of a...
Lockton Re hires Tritton as senior broker for marine and energy
Reinsurance broker Lockton Re has recruited Steve Tritton as a Senior Broker, based in the London office, as part of its Marine & Energy division. He will take up his new post in 2021. He was previously at Guy Carpenter. The Lockton Re move follows its appointment of Guy Carpenter marine and energy...
Odyssey Of The Seas leaves Meyer Werft shipyard
Royal Caribbean’s second Quantum-ultra class cruise ship, the Odyssey Of The Seas (IMO 9795737), has floated out of construction Hall 6 at the Meyer Werft shipyard in Papenburg, Germany. Work will continue on the vessel at the outfitting pier to make it is ready to begin holiday cruises in Spring...
Customs difficulties lead some Australian exporters to quit China market
Australian exporters have become so worried that their perishable exports will be rejected or delayed by China Customs that they have stopped shipping them, according to a report from the Australian Broadcasting Corporation. Exporter Andrew Ferguson said that he had three shipments of live lobsters...
Markel recruits Sam Pik Ying as specialist marine underwriter
Markel International, the London-based subsidiary of Markel Group, has recruited Sam Pik Ying as a specialist marine underwriter, based in the firm’s Singapore office. She joins from MS Amlin. Ying will underwrite general marine and marine liabilities, including ship-owners P&I, charterers, ship repairs and marina operations, alongside energy liability business. She will report to Colin…
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Japan Club announces 10% owners’ entries General Increase, deductibles rise
In Japan Club’s report on the 605th Meeting of the Board of Directors, it said that there would be a 10% General Increase in advance call rates for owners’ entries. The Club said that as of September 30th 2020 (the half-way point in Japan Club’s financial year), the total number of vessels entered...
IBIA urges IMO Member Govts to apply amendments to MARPOL sulphur verification procedures
The International Bunker Industry Association (IBIA) has called for the governments of IMO Member States to adopt the MARPOL Annex VI sulphur verification procedure, prior to its entering into force on April 1st 2022. The IBIA welcomed the adoption of amendments to MARPOL Annex VI at the 75th...
Gallagher 2020 Pre-Renewal Review – Club Pages – #4 Japan
Broker Gallagher has released its 2020 pre-renewal review, covering past results and the situation for the policy year to date. Today: Japan P&I Club. Full Name: Japan Ship Owners Mutual P&I Association. www.piclub.or.jp 2-15-14 Nihonbashi-Ningyocho, Chuo-ku, Tokyo 103-0013, Japan Tel: +81 3 3662...
Containership loses up to 50 containers after storm in North Pacific
Containership ONE Apus (IMO 9806079) is reported to have lost up to 50 containers overboard while operating on Ocean Network Express’s Far East Pacific 2 (FP2) service in the North Pacific 1.600 nautical miles Northwest of Hawaii late on November 30th local time. The ship, was en route from Yantian...