Naval architects need to be aware of the need to protect themselves against their exposure to liability for damages resulting from errors in design work, says a leading provider of professional indemnity insurance to the marine sector.
Customers now are able to obtain online insurance bringing closer the vision of a one-stop shop & single window trade for shipping services in Dubai
The Commercial Court has recently made some key findings of fundamental importance to the shipping industry.
If buying a yacht was a seen as a mathematical equation, it would be one which was impossible to balance
A global survey of over 2,260 job seekers from Worldwide Recruitment Solutions (WRS) shows the latest market trends, including pay and benefits, within the global Maritime industry. Worldwide Recruitment Solutions (WRS), specialists in talent acquisition services for this industry, has just published the results of this latest sector survey. One of the key findings is the clear disparity in many cases between the range of benefits offered to both contract and permanent employees in comparison with the benefits that are most valued by these individuals.
Brown & Brown Inc. announced that its subsidiary Brown & Brown Insurance Agency of Virginia Inc. has acquired certain assets of Ocean Marine Insurance Agency Inc., Ocean Marine Insurance Agency of Massachusetts Inc. and Ocean Marine Underwriters Agency Inc. (collectively called “Ocean Marine”) Terms of the transaction were not disclosed.
The European Commission has sent to Greece a set of proposals to ensure that state support to the maritime sector in Greece complies with EU state aid rules.
A court-ordered deadline has been extended two months for anyone hoping to make claims for compensation against TOTE Maritime for losses related to the sunken cargo ship El Faro.
Maritime transport will be managed under the same umbrella in the country for convenient management and reaping commercial profits out of it, said the Minister of Public Works and the Chairman of the Federal Authority (FDA) for Land and Maritime Transport, Dr Mohammed Belhaif Al Nuaimi.
The International Clube of Transport Insurance (CIST), with the Latin American Maritime Underwriters Association (ALSUM), are presenting the “3rd Latin American insurance and maritime hulls summit”, from 16 to 19 November 2015, at the Tivoli Mofarrej hotel, in São Paulo, Brazil.
The insurance industry contributed the highest return to the SPDR Euro Stoxx 50 ETF’s (FEZ) performance for the second straight day on December 7, 2015. It provided a 5% return to FEZ. The stocks like AXA, Allianz, and Muenchener Rueckver rose by 2.1%, 1.1%, and 0.74%, respectively.