Hanjin Shipping crews worried about running out of essential supplies in the wake of the box carrier’s bankruptcy crisis has prompted action from a major international seafarer advocacy group.
Safety & Regulation
Rising global accumulations threaten to overwhelm the global insurance sector, according to the president of the International Union of Marine Insurance (IUMI).
The ability of emergency responders to be compensated for oil spill clean-up costs was reinforced by the latest court ruling in a case related to a 2008 collision on the Mississippi River.
Delegates at the annual conference of the International Union of Marine Insurance (IUMI) have been told the current downturn is almost unprecedented.
The chairman of the International Union of Marine Insurance’s (IUMI) Ocean Hull Committee has said the continuing soften of prices is creating an ever-widening gap between underwriters.
Insurers are still struggling to get a grip on the potential exposures created by the collapse of Hanjin Shipping Co, said the chairman of the International Union of Marine Insurance (IUMI) Cargo committee.
Optimarin became the first manufacturer to submit an application to the US Coast Guard for type-approval of its ballast water equipment and could become the first to offer a ballast water cleaning system certified for vessels trading in the US.
Chairman of the Ocean Hull Committee said there was no excuse for a lack of discipline.
Marine insurers are calling for a renewed discussion across the maritime industry to create a better system to tackle fires on board container ships.
Marine insurance organisation has moved on in ‘leaps and bounds’ as it looks to guide members through the most troubled of underwriting times.