Seafarers will have better protection under mandatory insurance rules that took effect on Tuesday, which require ship owners to have compulsory insurance to cover abandonment of seafarers as well as claims for death or long-term disability.
The Treasury’s directive that came into force on January 1 requiring all importers to procure marine insurance cover from Kenyan firms should be an entry point for the country to tap the largely unexploited maritime industry, also known as the “blue economy”.
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.
SEDNA has launched a major update to its revolutionary transaction management platform, which allows enterprise teams to collaborate, manage large volume of emails and communicate in a secure way. This updated platform is an evolution of SEDNA’s first generation system from 2015 that introduced the concept of a shared team inbox, message tags and search functionality that helped organizations in shipping, commodities and beyond, to optimize the performances of their teams.
NYK has unveiled several large panels in a common area on the 15th floor of the company’s headquarters to keep employees mindful of safety awareness. The panels were created for the company’s annual Remember Naka-no-se safety campaign, which builds on the lessons learnt from the VLCC Diamond Grace oil spill at Naka-no-se shoal in Tokyo Bay on July 2, 1997. Twenty-one years has passed since the accident, so the panels are intended to help the next generation of employees remain continually attentive to the need for safety.
North P&I Club and 24Vision announced yesterday that they have entered into a partnership agreement, with effect from 1 July 2018, to provide P&I insurance to charterers and small ship operators.
The presidency of IUMI – the International Union of Marine Insurance – is for a four-year term. The present incumbent, Dieter Berg, ends his full term at this year’s IUMI annual conference in Cape Town and will formally hand over the position to his successor on Wednesday 19 September 2018.
The International Maritime Organization’s (IMO) latest meeting of the Sub-Committee on Carriage of Cargoes and Containers (CCC) takes place in London this week and the international freight insurance specialist, TT Club is calling for more urgent action on issues pertaining to the safety of container transport.