Insurance

  • Maritime safety: British Military to train NIMASA...

    The British Military Advisory and Training Team BMATT, has said it is willing to partner the Nigerian Maritime Administration and Safety Agency NIMASA, in the area of building human capacity, especially in the training of the Maritime Guard Command.

  • Vessel Records Should Go to New Owner

    The International Union of Marine Insurance (IUMI) is calling for vessel owners and technical managers to make records available that provide important information on the condition of the ship and its machinery when a ship changes owner.

  • LISW: UK government will do 'whatever it...

    London International Shipping Week (LISW) opened this morning at the London Stock Exchange (LSE) with the Department for Transport pledging to 'do whatever it takes' to ensure London remains a leading maritime centre.

  • In Depth: Dutch Production as a Guarantee for...

    To be able to compete with the lower labour costs in Asia, Africa and the outer regions of Europe, we simply have to meet the highest quality standards. We don’t try to be the cheapest, we want to be the best. Still for a reasonable price of course. 

  • Tianjin, China Explosions and Precautions for...

    The United States Coast Guard issued a Marine Safety Information Bulletin 07-15 last week regarding potential contamination risks from the Tianjin Port explosions. The bulletin requires all vessels bound for US ports to immediately report any potentially hazardous conditions, illnesses or unknown substances or residues to the US Coast Guard

  • [Updated] E.U. Approves Shell's Acquisition

    Royal Dutch Shell gained E.U. approval on Wednesday for its $58 billion acquisition of Britain's BG Group, the second of four key markets needed to clear the deal, but faced a slight delay in securing a decision in Australia.

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Iran Seeks $2.5 Billion to Modernize Tankers

Iran is seeking $2.5 billion investment to modernize its oil tankers fleet following the lifting of sanctions against Tehran, managing director of National Iranian Tanker Company (NITC) was quoted as saying by state news agency IRNA on Saturday.

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Muted progress seen on SOLAS container weight mandate

The industry is just more than three months away from the July 1 implementation date of the new container weight verification rule under the Safety of Life at Sea convention. The industry seems to have come a long way from last fall when panic-stricken shippers, carriers and forwarders wondered how a new type of rule applied to container shipping would have any hope of being implemented without disrupting trade.

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Japan: Insurance Trouble for Iranian Oil

Japan will likely refrain from loading oil at Iranian ports in March because of the impending expiry at the end of next month of special shipping insurance cover provided by the government, industry and government officials said.

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Chinese capital eyes global maritime hub

A large-sized state-run company from China has joined the contest to acquire the Baltic Exchange, the international hub of cargo shipping and trade of merchant vessels. Based in the U.K., the 272-year-old venue for futures exchange announces the Baltic Dry Index (BDI), the benchmark of trading of maritime markets. Analysts say that China, which is militarily pursuing to be a maritime powerhouse, is seeking to occupy the center of operation of the world’s merchant vessels.

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