Members will recall that, as from 22 February 2011, tank vessel operators were required to include a capability for the aerial application of dispersants in their vessel response plans (VRPs). Both of the main oil spill removal organisations (OSROs), Marine Spill Response Corporation (MSRC) and National Response Corporation (NRC), confirmed that they had such capability. However as advised in Notice to Members No. 18 2011/2012,

New MARPOL Annex V requirements regarding the disposal of garbage from ships and fixed and floating platforms

The UK P&I Club’s latest Risk Focus bulletin highlights the issue of sudden loss of power, a problem highlighted by incidents during and after the switching to lower sulphur fuels that are now mandated in certain coastal regions. In the bulletin, the Club highlights causes of sudden loss of power and proposes mitigating procedures that ships’ crew should adopt. The Club reveals that main engine failures or electrical blackouts now

As a leading provider of insurance to the international transport and logistics sector, TT both recognises and supports

SK Energy has already loaded another cargo of crude from Iran.The largest refiner in South Korea, SK Energy,

Underwriters should be asking more questions at the time of placing or renewing marine insurance to reduce the risk of major incidents and cut unnecessary costs, suggests Braemar (Incorporating The Salvage Association). Speaking at the International Union of Marine Insurance annual conference in San Diego last week, Regional Director for the Americas, Richard Gayton, said the vulnerability of vessels to both attritional

For the 17th year in succession, International Transport Intermediaries Club (ITIC) has paid a renewal credit to

With a continued improvement in claims trends, and a restored investment performance, ship-owners face the prospect of a benign Protection and Indemnity (P&I) renewal at 20th February 2011, according to Aon Risk Solutions, the global risk management business of Aon Corporation. General Increases, the starting point for renewal negotiations, range between zero and 10 percent, which is in stark contrast to two years ago when

A dramatic fall in pirate attacks off the Somali coast is forcing down the cost of piracy insurance for commercial

At their meeting on 19 September 2012 the Board reviewed the Club’s overall financial position at mid-year

The Japan P&I Club has obtained information by their correspondent in Qingdao, China, Huatai Insurance Agency

Overall confidence levels in the shipping industry fell in the three months that ended last month to their lowest

Tim Holt, Head of Intelligence at Special Contingency Risks (SCR), part of the Willis Group, gives his reasons, suggest remedies. • “Piracy is the second largest generator of income in Somalia, yielding an estimated $200 million annually. • “As pirate financiers invest more and more in the success of their operations, lucrative opportunities for local business have vastly expanded. A $4 million ransom will be injected back into the local

Standing in front of a crowd of several hundred members of the insurance industry, San Diego Mayor Jerry

The Strike Club has warned that if the looming threat of a stevedores’ strike at 14 ports along the US east and Gulf

The implementation of the US-engineered EU sanctions against Tehran has left no negative impact on the country's

A specialist Lloyd’s insurance broker has announced the appointment of two of the most respected and experienced

A wide variety of shipowners, operators and other senior maritime professionals from throughout the Middle

The director of Iran’s main insurance authority says the US ban on marine insurance coverage for Iran-bound oil

As the monsoon season that suppresses the activity of pirates operating in the Indian Ocean peters out, the shipping