As pirates continue to capture vessels and kidnap crews, most recently off the coast of Nigeria, “ship owners, ship managers and operators are once again forcibly reminded of the need to take steps to protect the safety of their crew, …
Days after an oil tanker struck a San Francisco-Oakland Bay Bridge tower, the Coast Guard is calling for reconsideration of rules that allow large ships to sail in fog near the span in Northern California. The San Jose Mercury News …
Hull & Company has now opened a new marine department at its Stockton, Calif. location and has appointed marine risk specialist Quincy M. Schmit as commercial lines marine broker. The Stockton marine department will offer full access to competitive markets …
Mitsui Sumitomo at Lloyd’s announced the appointment of Darren Carr as Class Underwriter for its marine liability underwriting account in a move designed to expand that sector of its business. Carr joined Mitsui Sumitomo at Lloyd’s from Hiscox where he …
GAC Maritime Security announced that it has entered into a strategic partnership with Mobile Defense Systems LLC “to provide PirateFence™ anti-grapple razor wire to protect vessels from attacks by sea criminals. This marks the latest addition to GAC Maritime Security’s …
Centuries after piracy was recognized as the first international crime against humanity, its spread around the world has prompted the U.N. Security Council’s first debate Monday on piracy’s rise as a threat to world peace and security. In the past, …
A ban on European Union insurers covering Iranian oil exports has forced ship owners to fall back on new, untested insurance providers, raising fears that governments may have to pay in the event of an oil spill. The July ban, …
London-based Miller Insurance Services LLP announced that it has named stock throughput, cargo and project cargo insurance broking specialist Tony Robinson in the latest enhancement of its marine capabilities. Xavier Villers, Head of Marine at Miller commented: “Coverage for stock …
A dramatic fall in pirate attacks off the Somali coast is forcing down the cost of piracy insurance for commercial ships, taking the shine off a fast-growing and lucrative market for London-based insurers. International navies have cracked down on pirates, …
Tim Holt, Head of Intelligence at Special Contingency Risks (SCR), part of the Willis Group, has warned that the piracy threat in Somalia is unlikely to abate for the following reasons: • “Piracy is the second largest generator of income in …
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