Basel’s public prosecutor has opened an investigation into the hi-jacking of Switzerland-registered MV Glarus off the coast of Nigeria on September 22nd. Twelve crew, none of them Swiss, were kidnapped and negotiations for their release were ongoing, SonntagsBlick reported on Sunday. The hostages...
Norway-based marine insurer Skuld has had its Lloyd’s business plan approved for next year. Syndicate 1987 is owned by the Members of Skuld’s P&I club and managed by Asta. Skuld’s syndicate and the Standard Syndicate were among many being looked at by Lloyd’s director of performance management Jon...
Clyde & Co said that it had received confirmation from the Danish Court that the favourable High Court decision absolving Insurer clients of a $470m claim stood as “final and unappealable”. The energy construction claim was notified by Norwegian energy company Noreco against a group of...
The federal Nigerian government is losing $6bn on freight cost yearly to piracy in Nigerian waters, claimed the Secretary to the Government of the Federation (SGF), Boss Mustapha. Speaking in Lagos during the 2018 World Maritime Day celebration, Mustapha said that the federal government planned to...
Standard Club has noted that its members were regularly exploring new opportunities in diverse territories and thus frequently needed to ask how the law in a particular jurisdiction might impact the enforceability of key contractual provisions. Standard Club has therefore produced a list of key...
Maersk, which recently sent the 3,500 teu ice-class vessel Venta Maersk around the Northern Sea Route, has dampened any overenthusiasm for the much shorter route from the coast of China to northern Europe. Maersk chief technical officer Palle Laursen said that “we do not see the Northern Sea Route...
A fire broke out aboard new passenger ship Aida Nova (IMO 9781865) in Groningen’s Eemshaven early on October 24th. Several fire brigades from the region were called; it was soon established that the fire was confined to one of the ship’s cabins and was quickly brought under control. The ship had...
https://insurancemarinenews.com/insurance-marine-news/marine-accident-round-up-26th-october-2018/
In Mamancochet Mining v Aegis Managing Agency the defendant insurers had issued a marine policy to the claimant, protecting Mamancochet Mining against the theft of two cargoes of steel billets which were carried from Russia to Iran in 2012 A sanctions clause read that “no (re)insurer shall be...
West of England is to implement a 5% standard surcharge to all mutual and fixed premium rates for P&I-owned (Class 1) entries, while keeping a 0% surcharge for owners’ FD&D (Class 2) entries. Charterers will face no increase for either class. The estimated total mutual call of 100% for 2018/19...
UK-based InsurTech company Concirrus has signed a multi-year agreement with broker Marsh, under which the two companies will cooperate to drive the use of behavioural data in the global marine market through Concirrus’s Quest Marine platform. Marsh will use Quest Marine for its placement strategies...