October 19, 2022
A federal grant jury has issued a new indictment against a dive boat captain, alleging that he acted with gross negligence when a 2019 fire aboard his vessel led to the deaths of 34 people off the Southern California coast. …
September 6, 2022
At a 131-year-old maritime academy along Buzzards Bay in Massachusetts, people who will build the nation’s first commercial-scale offshore wind farm are learning the skills to stay safe while working around turbines at sea. Some take to the tasks fairly …
July 14, 2020
Several companies that certify vessels are seaworthy and ship insurers have withdrawn services to tankers involved in the Venezuelan oil trade as the United States targets the maritime industry to tighten sanctions on the Latin American country. U.S. sanctions have …
June 11, 2015
Fidelis Group Holdings, LLC (FGH) with its subsidiary company Continental Underwriters, Ltd. (CUL), have launched a new Master Port Risk Program. According to H. Elder Brown, Jr., president and chief executive officer the Master Port Risk Program provides commercial vessel …
March 26, 2015
Shipping losses declined to 75 during 2014, a 32 percent drop from the previous year and well below the 10-year loss average of 127, according to Allianz Global Corporate & Specialty SE’s (AGCS) third annual Safety and Shipping Review 2015. …
September 10, 2013
Willis Group Holdings has launched a new liability insurance policy to cover the costs associated with repatriating stranded seafarers. The Maritime Labor Convention, 2006 (MLC) which came into force on August 20, states that flag states are responsible for repatriating …
April 12, 2013
Marine insurance intermediary Seacurus has launched a new insurance policy to indemnify seafarers in the event of the financial default of their employers and includes recompense in respect of unpaid crew wages. The policy will enable all employers of seafarers …
January 29, 2013
Dryad Maritime – a commercial specialist in maritime intelligence in the UK- has opened a new office development in Hastings, UK. The move is the next phase in a major program of expansion and comes as Dryad looks to harness …
April 18, 2012
After an inauspicious start, 2012 could well be “another difficult and uncertain year for the maritime industry faced with the aftermath of the Costa Concordia, further problems in the euro zone, pirate attacks and increased sanctions,” according to Willis Global …
February 17, 2012
Marsh has launched a new insurance facility to provide comprehensive insurance coverage for private maritime security companies. The broker and risk manager developed the facility to support the requirements of the London-based Security Association for the Maritime Industry (SAMI). The …