The research done, titled “Adapting to a Foggy Future Along Trans-Arctic Shipping Routes,” published in Geophysical Research Letters Volume 50, Issue 8, highlights the need to factor in the impact of sea fog on shipping operations and calls for the redesign of routes to ensure safer navigation. The study reveals that delays due to sea fog can range from 1 to 4 days, accounting for approximately 23% to 27% of the total sailing time along the Northwest Passage and 4% to 11% along the Northern Sea Route compared to previous ...

In line with the UAE’s steadfast dedication to safeguarding the local, regional, and global maritime industry through strong regulatory measures, the UAE Ministry of Energy and Infrastructure (MOEI) issued a circular requiring non-members of the International Group of Protection and Indemnity Clubs (IG P&I Clubs) to provide additional information to regulators if they insure any UAE-flagged ships. This move reaffirms the Ministry’s unwavering commitment to upholding rigorous standards, and driving the progress of the maritime sector around the world. According to the circular, non-members of the IG P&I Clubs are ...

The Swedish Club is delighted to announce the appointment of Fredrik Bergqvist as new Area Manager for Team Sweden. Fredrik brings a wealth of experience and expertise to the position and will play a crucial role in the Club’s team of Regional Managers. He joined The Swedish Club more than ten years ago and has worked for the Club in both claims and underwriting areas. Prior to that he served as a senior officer on board ship and is a Master Mariner. As Area Manager for Team Sweden Fredrik will ...

Leading specialist insurer, Tokio Marine Kiln (TMK), has established a standalone Cyber & Enterprise Risk division as part of its effort to expand its presence in the cyber market. Led by Laila Khudairi, the Cyber & Enterprise Risk division comprises Cyber, Technology and Intellectual Property specialisms. The elevation of the department, which previously formed part of TMK’s Specialty division, is intended to support TMK’s consistent product and growth strategy over the next five years. TMK has been writing cyber risk since 2006 and launched its flagship policies – Cyber CTRL ...

Representatives from our Members around the world are in London this week for a programme of presentations, workshops and networking events designed to improve delegates’ knowledge and understanding of P&I and learn more about the Britannia Group and the Managers, Tindall Riley. The week-long programme is aimed at employees of our Members who are relatively new to P&I and this year over 40 delegates from 28 Britannia Group Members across 16 different countries are attending. The Academy will also be attended by a number of staff from our regional hubs. ...

• As at 20 February 2023, Free Reserves stood at US$454 million, from US$473 million at the same time last year, in excess of the S&P AAA rating level. • The financial year combined ratio improved from 112.7% to 95.4%. • Owned tonnage as at 20 February 2023 was 117 million GT, a 6.3% increase over the previous year. • Total entered tonnage, including chartered, increased from 195 million GT to over 230 million GT as at 20 Feb 2023. • International Group (IG) pool claims for the 2022 policy ...

The UK P&I Club continues to grow its premium base, through its diversification agenda, while increasing its regulatory capital adequacy ratio to 200%. The Club’s gross written premium exceeded $500 million for the first time as the Club expands its fixed premium P&I business. The combined ratio of 104% was an improvement over last year’s 115%. Mutual owned tonnage increased at renewal this year to 153 million GT. Rising interest rates and global inflation impacted the Club’s investment portfolio, mostly comprised of fixed income assets. In this challenging environment the ...

Shipping transports around 90% of world trade onboard different vessels so maritime safety is critical. Improvements have been significant over the past decade, culminating in the sector reporting a record low number of large ships lost over the past year. However, a combination of factors impacting fire risk, ongoing and new threats posed by the ripple effects of the Ukraine conflict, decarbonization challenges, economic uncertainty, as well as the rising cost of marine claims, means the sector still has plenty of obstacles to navigate over the next 12 months and ...

In the past two months, since the beginning of April, yet more examples of criminal gangs utilising the complexity of European import trades to smuggle in drugs have continued to emerge. Reports include cocaine in containers of fruit through the port of Antwerp; in Rotterdam narcotics were discovered in reefer containers carrying melons from Panama; ecstasy with a value of €1.5 million in a truck at Calais and Le Havre emerging as a hotspot for cocaine imports; 133 kilos of marijuana and hashish at the Port of Motril in southern ...

Gard was founded in 1907 by shipowners who were unwilling to expose themselves, through a mutual insurance arrangement, to the perceived new risks of steam propulsion. Now the wheel is turning full circle and increasingly shipowners are looking to retrofit or buy newbuilds incorporating wind propulsion technology. But what risks might that new equipment pose, and how will marine insurers react to them? Shipowners are operating under a host of regulations and market pressures to reduce CO2 emissions. There is the IMO target of a 50% reduction in total CO2 ...

Following Brazil’s ratification of ILO Convention 185, only seafarers’ identification documents issued by ILO Convention 185 member states are accepted as valid travelling documents by Brazil, without the need for a visa. We have received numerous enquiries from Members regarding the new immigration controls for seafarers entering Brazil, with some even having been fined for non-compliance. Members and master of vessels trading to Brazilian ports are advised to familiarize themselves with the new immigration regulations to avoid deportation notices and fines. Stricter immigration controls for seafarers The Brazilian immigration authority ...

TR(B) Americas is led by Director, Mike Unger, and was established in January of this year following the acquisition of its former exclusive correspondent, B Americas P&I LLC, by Tindall Riley & Co. Ltd./the Managers of Britannia P&I. TR(B) Americas is now a six-strong team dedicated to providing exceptional service to Britannia Group Members in the region and with the aim of facilitating the growth of the Club’s membership base in North America which already accounts for approximately 5% of its entered owned tonnage. “It’s an honour to join the ...

The Shipowners’ Club, the leading P&I insurer in the smaller and specialist vessel sector, is delighted to announce the promotion of Mark Harrington to its management board. As previously announced, today (25 May 2023) marks Simon Swallow’s final day as CEO of the Shipowners’ Club, with Simon Peacock taking on the reins in that role. As Simon Swallow moves towards his retirement date of 3 August, the Club will miss the unique commercial contribution that he has brought to this role since March 2015 and to the Club over the ...

On 4 December 2022, the UK Government issued General Licence INT/2022/2469656 (“GL”) to implement the EU/G7 price cap in respect of Russian origin crude oil, which was amended on 3 February 2023 to implement the separate price cap in respect of petroleum products. Insurers domiciled or operating from the UK (“UK insurers”) who wish to rely upon the GL are required to keep a record of the maritime transportation of Russian origin crude oil or petroleum products from Russia to a third country or from a non-Russian port or via ...

As the demand for electric vehicles grows, questions are increasingly being asked about fire safety during transportation by sea. The Swedish Club has embarked on a series of webinars aimed at putting the risks in context and providing advice on how to deal with them. On Friday 26 May at 10.00 CET, a panel of experts including Torben Stadtaus of Volkswagen, Martin Carlsson of Stena Teknik and Captain Filip Svensson of Wallenius Wilhelmsen will join the Club’s Loss Prevention team to share their specialist knowledge in this emerging field. ‘Fire ...