Insurance

  • 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.

  • Samsung Gobbles Competitors

    Samsung Heavy Industries has signed a deal to take over management of financially troubled Sungdong Shipbuilding & Marine Engineering. The agreement is for four years with an option for three additional years. Samsung will take over Sungdong’s purchases, sales, production and technology while Korea Eximbank will operate the shipyard’s finances, human resources and labor management divisions.

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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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