31/12/2012
The process of manufacturing Direct Reduced Iron (DRI) from iron ore and the subsequent hot briquetting procedures generate unwanted by-products in the form of dust and broken chips during most of the stages. Some manufacturers recover these materials and offer them for shipment. Historically, such cargoes have mainly originated from Venezuela and Trinidad, although shipments have also been made from the US, Mexico
31/12/2012
The upcoming protection and indemnity (P&I) insurance renewal for P&I clubs could be the most challenging
26/12/2012
Iranian Oil Minister Rostam Qassemi said that the country's oil industry has set up an international insurance
24/12/2012
We refer Members to Notice to Members No. 21 2012/2013 on the Regulations of the People’s Republic of China
21/12/2012
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of A- (Excellent) and
17/12/2012
With the headline losses the marine market suffered last year it would be expected that the marine insurance
17/12/2012
India has approved four new ship underwriters that are not part of a global body, and whose liability cover
14/12/2012
The upcoming Protection and Indemnity (P&I) renewal is poised to be the most challenging in a decade as a result of difficult economic conditions for ship operators, poor underwriting results and some of the largest claims in history, according to Willis Global Marine, a division of Willis Group Holdings, the global insurance broker, in its annual P & I Market Review. The P&I market results for 2011/12 showed a 13% increase in incurred
11/12/2012
The London P&I Club has warned that failure to maintain a proper record of the inspection and testing of onboard
10/12/2012
That’s according to Mark Yearn, marine insurance specialist at Norman Spencer Agency, who thinks that rates
07/12/2012
Skuld, a leading international marine insurance provider, announces the opening of a branch office in Singapore
06/12/2012
International Transport Intermediaries Club (ITIC) has emphasised the potentially costly consequences of a failure
05/12/2012
Iranian Moallem Insurance Company has successfully bypassed the US and EU embargos on the country by insuring
27/11/2012
We refer Members to previous circulars on the Regulations of the People’s Republic of China (PRC) on the Prevention
26/11/2012
The rating on Luxembourg-based marine protection and indemnity (P&I) insurer, The Shipowners' Mutual
24/11/2012
The latest Loss Prevention publication from the UK P&I Club is entitled ‘Tug and Barge Matters’ and is described as a focus on some of the issues surrounding tug and barge fleets in the P&I world. Running to 18 pages and heavily illustrated, it compares examples of bad and good practice. As in many other shipping sectors, following good practice is usually very inexpensive and can be achieved for example by better signage
23/11/2012
The Strike Club, delay insurers for the marine trades, has reported continuation of strong demand for its
23/11/2012
The London P&I Club is urging shipowners to ensure proper maintenance of cargo hold pipework in order
23/11/2012
The American Club has set the bar for 2013/14 renewals with a 10% general increase in all classes of premium for both
21/11/2012
The UK P&I Club (the UK Club), one of the oldest shipping protection and indemnity insurance mutuals, has