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Thomas Miller Announces Corporate Charity Partnership with St Mungo’s

Thomas Miller, an international provider of market-leading insurance services, is pleased to announce that it is partnering with charity St Mungo’s, to help tackle the issues faced by those experiencing homelessness across England, and support them in finding somewhere safe to call home. Nationally, rough sleeping in England has increased by 74% since 2010. In 2022-23, 10,053 people slept rough in London alone, an increase of 21% on the year before. Last year, St Mungo’s provided over 3,000 people with housing on any given night and supported over 28,000 people ...

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VIKAND Partners with UK P&I Club to Provide proactive medical care for seafarers

VIKAND, a global leader in maritime healthcare, has partnered with the UK P&I Club for a year-long trial of OneHealth by VIKAND. OneHealth is VIKAND’s comprehensive, proactive approach to maritime health, wellness and health risk mitigation. This unique platform is designed to maximise the physical and mental health of crew members by giving them anytime, anywhere access to proactive healthcare support, with policies, services and solutions that address physical and mental health, sleep, nutrition, air quality, safety, productivity and more. The trial, known as the coLab Project, is set to ...

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West strengthens London Underwriting team

Middle East As part of this exercise, we are delighted to confirm that Gary Henderson has joined the department, in the role of Joint Head of the Middle East team alongside Nigel Burridge. Gary brings a wealth of experience, having previously worked for two other P&I Clubs across multiple regions and classes of business. Fixed The West’s Fixed team, under the leadership of Damian Mustard and Tom Davies, has also been further strengthened, with the appointment of Susana Ruiz who has over 10 years of P&I experience at another Group ...

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China – Regional MSAs Announce New Shipping Routes in the Bohai Sea and Eastern Waters

Collaborative efforts to enhance maritime safety and oversee ship navigation in the Bohai Sea and its eastern waters have resulted in the collective issuance of 27 significant navigation routes by the Tianjin Maritime Safety Administration (MSA), Liaoning MSA, Hebei MSA, and Shandong MSA. Effective from 18 December 2023, these designated routes are designed to safeguard maritime traffic and establish a structured navigation framework for vessels operating in the region. Specifics regarding the new shipping routes are available in Circular No.: SPI231201, released by PRC P&I correspondent Shanghai P&I Services on ...

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Piracy Resurfaces – Recent Hijackings Escalate Maritime Threats in the Indian Ocean

The Gulf of Aden, Somalia, Arabian Sea, and Indian Ocean have recently witnessed a surge in maritime security concerns, particularly in the form of piracy and hijacking incidents. In a stark turn of events, Somali pirates executed the first successful hijacking in six years on 14 December 2023 off the coast of Bossaso, Somalia. A series of alarming hijacking incidents unfolded in December 2023 and early January 2024, underscoring the escalating regional piracy threat. These incidents include the hijacking of a bulk carrier, a potential pirate group operating in the ...

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Cargo contamination can cost you dearly

Be aware: Costly liquid cargo contamination can arise when the last cargo onboard was coconut oil, palm oil, or other edible oils. Gard has handled a number of liquid cargo contamination claims arising from previous cargo residues. These claims can be significant, not only entailing loss of value to the cargo, but also the cost of lost time and other related expenses. A review of just two recent claims illustrates the need for particular caution when the last cargo was edible oils, residues of which can be more difficult to ...

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TT Club highlights the freight crime supply chain

Much freight crime is perpetrated by organised crime with profit, similar to commercial businesses as the ultimate aim. The process of storage, transport, distribution and marketing of stolen goods often shadow those of legitimate supply chains with criminals acquiring sophisticated logistics skills. Their knowledge assists them in targeting shipments at a multitude of points; from truck hijackings to pilfering items from unsecured warehouses. Needless to say such theft not only results in significant financial losses but also disrupts the flow of goods, leading to delayed deliveries and dissatisfied customers. “At ...

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ITIC warns offshore sector of financial risks related to incorrect equipment

International Transport Intermediaries Club (ITIC) – a mutual insurer that provides professional indemnity (PI) cover for transport intermediaries operating in the marine, offshore, renewable and aviation industries – has warned of the need for extra vigilance when it comes to the dangers of ordering equipment and the resulting financial implications for the offshore sector when getting it wrong. ITIC highlighted the issue as part of its latest Claims Review, which detailed a case involving an offshore surveying company specialising in geophysical surveys that was contracted to conduct comprehensive geophysical and ...

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Get SET! with NorthStandard’s unique ECDIS Training Assessment platform

NorthStandard’s unique ‘ECDIS Training Assessment’ platform launches today, unveiling its new Get SET! digital product portfolio, harnessing pioneering technologies to improve safety and reduce operating costs. The NorthStandard ‘ECDIS Training Assessment’ (ETA) platform is the first example of a new portfolio of products to help optimise bridge team management and uphold best practice in vessel operations. The ETA platform is an essential component of NorthStandard’s Get SET! portfolio, introducing a range of innovative Safety & Efficiency Technologies (SET) devised to harness the transformative power of vessel-based technology in improving crew ...

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Lifting errors cause high costs

A yacht falls off the hook during discharge from a ship, a mobile home comes loose from its rigging while being slewed above trees, a machine is damaged during lifting at a port terminal. All of these damage claims have been handled recently by our surveyors. It is understood that expensive goods falling from a height of several metres result in complex claims and excessive costs. It is not uncommon for only a total loss to be attested in such cases. One example of a lifting error was the rigging ...

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Writing war risks without a safety net

With the conflicts in Ukraine and Israel still very much in the limelight, war risks and cover remain firmly in the insurance spotlight. The escalating nature of these risks, including piracy, terrorism, and political unrest has led to higher potential losses and increased uncertainty. Following a recent discussion with industry leaders, we explored this very issue and why there is an increased demand for better data and a desire for greater transparency when it comes to exposure management. Wake-up call It was agreed that the Russia-Ukraine conflict has served as ...

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EU ETS: important compliance clarifications

As of 1 January 2024, vessels over 5,000 GT operating within EU waters are subject to the EU’s Emission Trading System (ETS). A recent implementing regulation has clarified how a shipowner may transfer responsibility for compliance – but some important questions still remain. Launched in 2005, the EU’s Emission Trading System is a “cap and trade” scheme where carbon emitters in certain sectors have to purchase allowances to cover their emissions during the relevant trading period. The number of allowances at any one time are fixed, but they generally reduce ...

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India: Local ship cover may get an India club flavour

India plans to set up its own protection and indemnity (P&l) entity called India Club for providing third-party maritime insurance to Indian ships operating in the country’s coastal regions and inland waterways, a top government official said. Coverage for shipping in international waters may come at a later point. Such an entity would provide insurance cover for unforeseen situations such as damage caused to cargo during carriage, damages from war, and from environmental risks. Regular marine insurance covers only the hull and machinery of ships. “Considering the large-sized coverage required ...

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“P&I Insurance Renewals: Navigating the 20th February 2024 Changes”: Understanding P&I Insurance in 2024

Protection and Indemnity (P&I) insurance is a cornerstone of maritime commerce, safeguarding shipowners and operators against third-party liabilities. As we approach the 20th February 2024 renewals, it’s crucial to understand the latest industry shifts and how they impact your cover. The Impact of Recent Maritime Incidents The past year has seen significant maritime incidents, including the ongoing impact of the COVID-19 pandemic, influencing the P&I market. These events have led to heightened risk assessments and stricter underwriting policies. Global Economic Influences on P&I Rates Economic fluctuations play a vital role ...

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Looking ahead: Marine insurance in an increasingly volatile world

As 2023 is ending we look back at a year with more war, increasing geopolitical tension and more persistent inflation than expected. How is marine insurance impacted – and what can we expect looking ahead? 2022 was the year of increasing geopolitical tensions, war within Europe, and growing signs of a more divided world. Sadly, 2023 has brought additional tragedies. The war in Ukraine persists, and on 7 October, the world turned its eyes to yet another brutal conflict: Hamas launched a massive attack on Israel followed by large-scale retaliation ...

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