Home / Shipping News / Marine Insurance P&I Club News

Marine Insurance P&I Club News

The Shipowners’ Club details its decision not to apply a General Increase for 2023

“Shipowners’ Club is now the most boring Club to review, although this is for all the right reasons” read this year’s report from P&I insurance broker, Tysers. “High praise!” according to the Club CEO, Simon Swallow. “If boring means stability, continuity and ensuring peace of mind for our Membership, then we are all doing our jobs properly”. When the Club’s Board met on 31 October 2022, it was noted that the Club was in a market leading underwriting position, but potentially faced some headwinds by virtue of inflation running at ...

Read More »

GARD: Additional amendments to Rules 2023

As set out in Member Circular No. 15/2022, further changes to the Rules for P&I and Defence cover for ships and other floating structures (“Rules for Ships”) and the Rules for P&I and Defence cover for mobile offshore units (“Rules for MOUs”) for both Assuranceforeningen Gard – gjensidig – and Gard P.& I. (Bermuda) Ltd (collectively the “Associations” and individually the “Association”) were expected due to changes to the terms of the applicable reinsurances as a consequence of the ongoing war between Russia and Ukraine. The following amendments to the ...

Read More »

Swedish Club’s A- Rating Reaffirmed

A.M.Best Ratings Services Ltd has affirmed its Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) for The Swedish Club. “A.M. Best’s reaffirmed rating underscores the competitive position and attractiveness of the Club as a marine insurance provider,” says Thomas Nordberg, Managing Director of The Swedish Club. The ratings reflect The Swedish Club’s balance sheet strength, which A.M.Best assesses as very strong. In addition, it states that the Club benefits from a well-diversified portfolio within the marine insurance market, offering hull and machinery and ...

Read More »

We are what we eat – let’s invest in ourselves

Good nutrition plays a significant role in our lives. The food we eat impacts our health and wellbeing. Making healthy food choices that reflect good nutrition is a challenge in every aspect of life, and perhaps even more so for seafarers given the unique characteristics of life aboard ship. Responsibility for good nutrition at sea is a shared one – seafarers control their consumption, but it is the ship operator and crew managers who must procure and stock healthy food choices and ensure that the ship cook is well trained ...

Read More »

The UK P&I Club and training innovator OneLearn Global collaborate to provide learning content to seafarers to advance skills and knowledge

OneLearn Global (OLG), the Cyprus-based full services learning technology, content, and services provider, has enhanced and expanded its catalogue of seafarer tailored training material, under a collaboration agreement signed with the major global insurer, the UK P&I Club. Under the terms of the agreement, OLG will host 50 video and webinar courses developed by the UK P&I Club, on its intuitive next-gen Learning Management System (LMS). These include its award-winning ‘Lessons Learnt’ video animations depicting common, real-life shipping accidents and includes recordings of the monthly webinars hosted by the UK ...

Read More »

Electronic (Paperless) Trading

Member Circular No. 16/2022 This circular informs Members of the approval by the International Group of P&I Clubs (the Group) ofthe TradeGo eBL system. Members may recall, as reported in Circular of 11/2022, that, until February 2010, the Rules of all of the Group Clubs specifically excluded liabilities in respect of the carriage of cargo under all electronic, i.e. paperless trading, systems to the extent that the liabilities under such systems would not have arisen under a paper system i.e. one using transferable paper documentation. Since 20 February 2010 liabilities ...

Read More »

Marine insurers publish landmark climate report

The first Annual Disclosure Report for Poseidon Principles for Marine Insurance is a landmark step forward towards transparency in the maritime and insurance sectors. The data will act as a stepping-stone for the Signatories to engage their clients in a discussion about climate change, technology, and new risks. In the report, eight of the world’s leading marine insurers have gathered and published client data to track their hull and machinery insurance portfolio’s climate impact. The goal is to support the industry’s green transition. “This level of transparency is a major ...

Read More »

Seafarers report juggling workload with wellbeing onboard in Q3 2022 Happiness Index

As technology improves and efficiency increases oboard, the impact of this notable in faster turnarounds, visits to ports in quick succession and higher cargo demands. This invariably comes with more paperwork and administrative tasks that would fall on the shoulders of seafarers. In addition to Minimum Safe Manning requirements (MSM), those on board are expected to manage an increased workload. These increased responsibilities and subsequent reduced downtime are troubling seafarers, reported throughout the Q3 Seafarer’s Happiness index report: In the Q3 report, seafarers have admitted to feeling a sense of ...

Read More »

TT Club supports NaVCIS to help combat freight crime

The National Vehicle Crime Intelligence Service (NaVCIS) is a police unit with a freight team that collates, analyses and disseminates Road Freight Crime information across England and Wales. The unit has been recently tasked by the UK Government’s Home Office with delivering a Problem Profile on freight crime. TT Club is supporting NaVCIS Freight and its report with the aim of obtaining increased public funding to address the situation. The ten-thousand-word report entitled ‘Profile of HGV, Freight & Cargo crime across England & Wales 2022’ (Freight Crime) now completed, is ...

Read More »

China Eases COVID-19 and Crew Change Restrictions

Crew Changes Since early December 2022 China has been easing COVID-19 restrictions and on 26 December 2022 an Overall Plan for Measures Against COVID-19 Infection was issued which cancelled the following restrictions which had been in place: Isolation of infected cases Tracking of close contacts Classification of at-risk areas Control measures for people arriving in China including COVID-19 testing Control measures for imported cargoes arriving in China On 27 December 2022, the Ministry of Transport together with other administrative bodies including the National Administration of Disease Prevention and other Control, ...

Read More »

North P&I launches mobile app to ease evidence gathering burden for marine professionals

A new mobile app from North P&I will make collecting evidence on incidents faster, easier and more accurate while enhancing reporting consistency in future claims. Formally launched to market today, ‘The MRCE Handbook’ app from North will help senior officers, surveyors and shore-based technical and marine personnel gather evidence quickly and efficiently, using standardised formats on mobile phones and tablets. The MRCE Handbook app has been developed by North’s in-house Loss Prevention Team using proven methodologies established in The Mariner’s Role in Collecting Evidence Handbook. Published by North, the source ...

Read More »

NorthStandard on schedule for February launch

North and Standard Club have received all the required formal approvals to finalise their merger and establish NorthStandard on 20 February 2023 as one of the world’s largest providers of mutual maritime cover. North and Standard Club have received legal, regulatory and competition approvals from the relevant authorities ahead of their proposed merger on 20 February 2023. With members of both clubs having approved the creation of NorthStandard in May 2022, the path is now clear for the merger to proceed as planned. Upon launch, NorthStandard will immediately become one ...

Read More »

Working purifiers onboard

Purifiers are one of the most important pieces of auxiliary machinery and its main purpose is to separate water and other contaminants in the oil mixture using the principle of density difference. Heavier particles will be forced outward, and lighter particles will remain near to the centre. Good maintenance of purifiers is important for smooth and accurate operation of the units. Some factors that influence a good working purifier are temperature, feed rate, the type of gravity disc and oil density. To maintain optimal efficiency of the equipment, filters and ...

Read More »

Risks of in-transit fumigation – phosphine gas explosions

We recently published an article focusing on the toxicity of phosphine gas and the potential danger this poses to the crew when agricultural bulk cargoes and forestry products are undergoing in-transit fumigation with aluminium phosphide. In that article, we very briefly mentioned another potential hazard that can arise at the initial stage of the process – phosphine gas explosions. In this article, our guest author, Dr Nicholas Crouch, focuses on the risk of explosion in port and the steps that can be taken to reduce the risk. Generation of phosphine ...

Read More »

Israel imposes 0.10% fuel sulphur limit in ports (w.e.f. 23 February 2023)

Alternative compliance methods like utilisation of closed-loop scrubbers or exhaust gas cleaning system (EGCS) with dedicated tanks to hold and treat resulting wastewater, and use of electric shore connection (available at Bay-port) will be considered as acceptable. The attached official notice issued by the State of Israel Ministry of Transport provides guidance on reporting non-availability of compliant fuel (FONAR system). It also confirms that discharging of wash water from open-loop EGCS (scrubber) is prohibited while the ship is at-berth or in anchorage area. This requirement is being announced on the ...

Read More »

Recent Videos

Hellenic Shipping News Worldwide Online Daily Newspaper on Hellenic and International Shipping