Category archives: Insurance

'Challenging time' for shipping industry, says North P&I chairman

Unpredictable markets and continuing marine claims volatility means the international shipping industry is facing a particularly challenging time, says Pratap Shirke, chairman of North P&I club. His comments are ...

London P&I Club maintains financial strength despite impact of large claims

The London P&I Club’s 2015 Annual Report highlights an unusual run of expensive claims in the 2014/15 policy year, with progress in other areas meaning that the ...

North P&I Club commits to building on its 25-year loss prevention record

The 170 million GT, ‘A’ rated North P&I Club has reaffirmed its commitment to loss prevention following 25 years of successfully helping Members to reduce accidents and claims. The ...

London P&I Club calls for improved onboard awareness of VDR testing requirements

The London P&I Club has called for greater familiarisation by ships’ officers and crews with the testing requirements relating to Voyage Data Recorders after two recent claims incidents investigated ...

Naval architects count the cost of ship design errors

International Transport Intermediaries Club (ITIC) says recent claims experience demonstrates that naval architects need to be aware of the need to protect against their exposure to liability for damages resulting ...

London P&I Club underlines importance of proper enclosed space entry drills

The London P&I Club says a recent claims incident resulting in the deaths of two crew members on board a bulk carrier loaded with coal underlines the importance of ...

North P&I Club warns shipowners to be prepared for migrant rescue operations

The ‘A’ rated 170 million GT North P&I club has warned its shipowner members of the need to be properly prepared to meet their moral and legal obligations to ...

London P&I Club issues recommendations on bauxite cargoes

The London P&I Club has issued a list of recommendations to owners contemplating the carriage of bauxite cargoes in the wake of renewed concerns about the dangers of cargo ...

North P&I Club publishes new guidance on avoiding rocks and docks

The ‘A’ rated 170 million GT North P&I Club has just published a new guide to help ships’ bridge teams avoid the mistakes which lead to hitting rocks, docks ...

London P&I Club increases entry at recent renewal

The London P&I Club increased its entry of both owners and charterers business following the recently completed renewal season.

Ian Gooch, chief executive of the club’s management team ...

North P&I club publishes quick reference guide to Iranian sanctions

The ‘A’ rated 167 million GT North P&I club has produced a quick reference guide which aims to simplify European Union and United States sanctions legislation governing what can ...

North P&I Club emerges "significantly stronger" from 2015 renewal

The ‘A’ rated North P&I club has emerged ‘significantly stronger’ from the 2015 renewal (20 February 2015), further consolidating its position as one of the most financially secure and ...

Seacurus launches new South-East Asian petro-piracy cover

Specialist marine insurance intermediary Seacurus has developed a petro-piracy endorsement which can be added to existing Kidnap & Ransom (KR) insurance cover in response to the evolving threats to ships, their ...

North P&I Club retains S&P 'A' rating and stableoutlook for 11th year

Leading ratings agency Standard and Poor’s (S&P) has reaffirmed North P&I club’s ‘A’ credit rating and stable outlook for the eleventh consecutive year. The agency says ...

North P&I Club teams up with Gray Page to provide online maritime risks map

The ‘A’ rated 180 million GT North P&I club has teamed up with specialist maritime intelligence, investigation and risk management company Gray Page to provide a unique online intelligence ...

London P&I Club helps owners counter the cappuccino effect

The London P&I Club has advised its members on precautions to adopt to detect the presence of cappuccino bunkers.

In the latest issue of its StopLoss Bulletin, the club ...

North P&I Club advises shipowners on safety and commercial measures to reduce ebola risks

The 180 million GT, ‘A’ rated North P&I Club is advising shipowner members to take great care to protect the health of their crew members when calling at ebola-affected ...

London P&I Club warns on failure to preserve VDR data

The London P&I Club says failure to preserve Voyage Data Recorder (VDR) data in the event of an incident can compromise the owner’s position in the event of ...

North P&I Club warns of poor construction in newbuilding market

The 180 million GT, ‘A’ rated North P&I club has warned its members to check their new ships very carefully before accepting delivery. In the latest issue of its ...

North P&I club confirmes positive results

The 180 million GT, ‘A’ rated North P&I club has confirmed another ‘positive' financial result in its annual Management Report published on 7 August 2014. It has also set ...

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