The Association of Kenyan Insurers (AKI) is in the process of implementing changes in the insurance act to give Kenyan firms a larger share of the maritime business.
After global macroeconomic forces helped sink South Korean shipping giant Hanjin Shipping, the troubled company is now facing the prospect of another powerful storm—typhoons.
As the economic recession takes toll on Nigerians, the Executive Vice Chairman of Sifax Group, Dr. Taiwo Afolabi, has called on the Federal Government to redirect its focus to the maritime industry as a panacea to getting out of the current economic situation.
As South Korea’s Hanjin Shipping Co. sank into bankruptcy, the global transport industry has been thrown into disarray. The immediate effects have rankled U.S. retailers, which are waiting for their holiday season merchandise, as well as the many exporters anticipating higher shipping fees.
To enforce local content policy on oil and gas and ensure that capacity is built in the Nigerian market, industry regulator, the National Insurance Commission (NAICOM) is embarking on strategies to ensure that all underwriting companies operating in the country are given opportunity for participation.
The Shipowner’s Club, the UK-based protection and indemnity insurance club, is for the first time offering a pre-delivery liability insurance policy that aims to address a number of the insurance risks unique to the pre-delivery period of a custom superyacht new build project.
A global insurance powerhouse has made a new appointment to its business in Asia-Pacific.
Global shipping insurers have devised a way to ensure nearly full coverage for Iranian oil exports from next month after striking a deal to provide cover without involving U.S.-domiciled reinsurers, officials in Tokyo and London said.
American Hellenic Hull Insurance Company (AHHIC), the new marine insurance company formed by the American P&I Club’s alliance with Hellenic Hull Management, has enjoyed a highly successful first six months of operation.
Due to the high number of applications for the STCW 2010 Manila amendments, the IMO have issued MSC.1/Circ.1560 on the 5th December 2016.
North P&I Club has strengthened its loss prevention team this month with the appointment of loss prevention executive John Southam, a master mariner with global experience in container, offshore, shipbuilding and consultancy roles. Together with the recruitment of survey executive Stephen Maclennan from the Royal Navy earlier this year, his appointment boosts the Club’s international loss prevention department to 14.