Insurance Cover

  • Many international marine insurers, faced with mounting losses, have decided on closer inspections of risky commercial ships and on depriving some of them of hull insurance.

    Coming in the wake of the worst year for casualties for bulk and combination carriers, this strategy is part of a plan to be phased in by members of the Institute of London Underwriters (ILU) and Lloyd's of London, the institutions that comprise most of the worldwide marine insurance market.

    Representing both the institute and marine underwriters at Lloyd's, the Joint Hull Committee has introduced a structural condition warranty that will require owners to carry out a survey of their vessels within a specified time before insurance cover can be renewed.

    Roger Nixon, chairman of the Joint Hull Committee, said underwriters can insist on the warranty at their discretion. The panel proposed no hard and fast rules about when an owner might be asked to conduct the extra survey.

    Mr.Nixon said tankers and bulk carriers more than 12 years old probably should undergo the new inspection.

    He advised insurers to check all vessels more than 15 years old.

    The ILU, meanwhile, warned that double-hull tankers probably will be liable to higher insurance premiums because of the dangers of gas building up between the two hulls.

  • applied with effective training and management oversight.   Allianz Global Corporate & Specialty (AGCS) is a leading marine insurer, offering insurance cover for all types of modern shipping. AGCS also offers cargo insurance, covering physical loss or damage to international and domestic goods in transit

  • neat package. Misclassifying Contract Workers Leads to Insurance Confusion It’s no secret that the marine and offshore worlds require comprehensive insurance coverage in the event of an accident or emergency; however, the complex laws associated with contract workers mean that some employers are unaware of

  • able to provide them with this added assurance. Lest anyone be in any doubt about the financial consequences of a spill, a quick look at the insurance cover barge operators carry should dispel any corn- placency. In Europe, one Rotterdam-based operator has admitted to being covered up to $500

  • . For maritime companies, that can translate into access to more insurance capacity – higher limits from larger carriers – as well as a connection to insurance coverage in more countries across the globe. This activity in the current market is driven by insurers need for scale and depth of product service,

  • . The programs will be concerned with "Merchant Ships — Construction, Maintenance and Operational Problems," and "Salvage, General Average and Marine Insurance." The merchant ship conference will be held on the morning of November 10, and in the morning and afternoon of November 11. It is sponsored

  • vessel has secondary liability for response costs for a derelict vessel should the subsequent purchaser not maintain mandatory $300,000 marine insurance cover for a period of twelve months. This secondary liability regime may raise a constitutional question: how can a seller continue to have liability

  • MT Mar-24#4th Cover Glow a little longer.
Superior sensor performance on a)
    March 2024 - Marine Technology Reporter page: 4th Cover

    Glow a little longer. Superior sensor performance on a rmance on a – – RBRtridentfraction of the power RBRtridente teee ackscatter or turbidity with hi i in n n t t th h h he e e s sa a am m m me Measure chlorophyll a, fDOM, and backscatter or turbidity within the same e e sensor package using the

  • MT Mar-24#3rd Cover MTR MarApr2024 Covers 2,3 and 4.indd   2 4/3/2024)
    March 2024 - Marine Technology Reporter page: 3rd Cover

    MTR MarApr2024 Covers 2,3 and 4.indd 2 4/3/2024 1:19:07 PM

  • MT Mar-24#17 • Integrity assessment, and otherwise covered, e.g.)
    March 2024 - Marine Technology Reporter page: 17

    • Integrity assessment, and otherwise covered, e.g., by rock dump. As for depletion of • Mitigation, intervention and repair. sacri? cial anodes, this can be dif? cult or even impossible to Selecting the best method for collecting the data these work- estimate due to poor visibility, the presence of

  • MT Mar-24#2 March/April 2024 On the Cover
Volume 67 • Number 3
Image)
    March 2024 - Marine Technology Reporter page: 2

    March/April 2024 On the Cover Volume 67 • Number 3 Image courtesy NIWA-Nippon Foundation TESMaP / Rebekah Parsons-King 8 Subsea Defense Black Sea Mines When the shooting stops in the Ukraine, the tough work of clearing mines will commence. By David Strachan 12 Gliders Slocum Sentinel 22 Teledyne

  • MT Mar-24#2nd Cover SMART SUBSEA SOLUTIONS
• Delivering data in most adverse)
    March 2024 - Marine Technology Reporter page: 2nd Cover

    SMART SUBSEA SOLUTIONS • Delivering data in most adverse conditions: underwater acoustic modems with advanced communication technology and networking • Accurate USBL, LBL and hybrid positioning of underwater assets, navigation for divers • Modem emulator and multiple cost-saving developer tools • Sonobot

  • MT Mar-24#Cover MARINE
TECHNOLOGY
               REPORTER
March/April)
    March 2024 - Marine Technology Reporter page: Cover

    MARINE TECHNOLOGY REPORTER March/April 2024March/April2024 www.marinetechnologynews.com Oceanographic Instrumentation Exploring Submarine Volcanoes When the Shooting Stops Black Sea Mine Clearance Subsea Mining The Nodule Collectors Lander Lab Volume 67 Number 3 Battery Packs MarineTechn

  • MR Apr-24#43 “The industry is an 
ecosystem which includes 
owners)
    April 2024 - Maritime Reporter and Engineering News page: 43

    “The industry is an ecosystem which includes owners, managers, mariners, shipyards, equipment makers, designers, research institutes and class societies: all of them are crucial,” – Eero Lehtovaara, Head of Regulatory & Public Affairs, ABB Marine & Ports All images courtesy ABB Marine and Ports provi

  • MR Apr-24#41  machine vision  terest from insurance companies. In  Groke)
    April 2024 - Maritime Reporter and Engineering News page: 41

    have Machine Vision shipowners, and we are also seeing in- for responding to challenging situations. Groke Pro is the ? rst machine vision terest from insurance companies. In Groke Pro was not designed to re- solution to obtain Innovation Endorse- high-risk situations, a recording of im- place crew on board

  • MR Apr-24#15  installations is the “insurance” 
Fischer  
required)
    April 2024 - Maritime Reporter and Engineering News page: 15

    a judicious selection of approaches and treatment a return on The Author investment can be realized. Inspection of the treatment installations is the “insurance” Fischer required to ensure that all the effort going into a quiet ves- Raymond Fischer (pictured) and Leonid Boroditsky have been involved with

  • MR Apr-24#10 Maritime Safety
© Roman/AdobeStock
SIRE 2.0: Navigating)
    April 2024 - Maritime Reporter and Engineering News page: 10

    Maritime Safety © Roman/AdobeStock SIRE 2.0: Navigating the New Horizon of Maritime Safety By Captain Aaron Cooper, Programs Director, OCIMF he maritime industry is on the cusp of a signi? cant preparing vessel operators and vessel assurance teams for the transformation with the launch of the Ship

  • MR Apr-24#6 Editorial
MARITIME
REPORTER
AND
ENGINEERING NEWS
his)
    April 2024 - Maritime Reporter and Engineering News page: 6

    Editorial MARITIME REPORTER AND ENGINEERING NEWS his month’s coverage is M A R I N E L I N K . C O M almost an afterthought HQ 118 E. 25th St., 2nd Floor following the tragedy that New York, NY 10010 USA T +1.212.477.6700 Tunfolded in Baltimore in the wee hours of Tuesday, March 26, CEO John C.

  • MR Apr-24#2 NO.4 / VOL. 86 / APRIL 2024
16
Photo on the Cover: 
U.S.)
    April 2024 - Maritime Reporter and Engineering News page: 2

    NO.4 / VOL. 86 / APRIL 2024 16 Photo on the Cover: U.S. Navy photograph by Brian Suriani/Released Photo this page: Copyright Björn Wylezich/AdobeStock 16 SOVs: Analyzing the Market Drivers Departments As offshore wind grows globally, so too do the dynamics around SOVs. By Philip Lewis 4 Authors & Contribut

  • MN Apr-24#43 Products
1   2
VETUS Maxwell   In-Mar Solutions
  
3
Furuno)
    April 2024 - Marine News page: 43

    Products 1 2 VETUS Maxwell In-Mar Solutions 3 Furuno ABB 4 for workboat operators encompasses EH Group 1. Heavy Duty 5 three large-sized MFDs with wide, all- Windscreen Wiper glass displays: the 16” TZT16X, 22” Heavy-duty wiper has a thermal cut- TZT22X and 24” TZT24X. Powered out in

  • MN Apr-24#22 Feature
Navigation 
inside the approved lease area as a)
    April 2024 - Marine News page: 22

    Feature Navigation inside the approved lease area as a requirement under the BOEM’s attention to the USCG’s recent 27-page Federal terms and conditions of a speci? c lease. Register Notice (January 19) to establish “shipping safety • For structure siting, the USCG (again) “insists” that fairways along

  • MN Apr-24#21 Feature
Navigation 
“Wind Turbines: The Bigger, the)
    April 2024 - Marine News page: 21

    Feature Navigation “Wind Turbines: The Bigger, the Better” – USDOE Of? ce of Energy Ef? ciency & Renewable Energy, August 24, 2023 ast December the Bureau of Ocean Energy Man- Agencies write: we want to advance wind energy, but ocean agement (BOEM) published a proposed sale no- areas can only yield so

  • MN Apr-24#2 Marine News  April 2024  •  Volume 35   Number 4
Contents
Fe)
    April 2024 - Marine News page: 2

    Marine News April 2024 • Volume 35 Number 4 Contents Features 20 Navigation and Wind Farms 20 Competing ocean uses are raising existential questions. As the U.S. offshore industry continues to ramp up, many topics still need to be resolved By Tom Ewing 26 2024 U.S. Shipbuilding Report If

  • MR Feb-24#39 15,000 TEU AMMONIA CONTAINERSHIP
000 TEU Containership
the)
    February 2024 - Maritime Reporter and Engineering News page: 39

    15,000 TEU AMMONIA CONTAINERSHIP 000 TEU Containership the problematic area of adding carbon like you have with other alternative fu- “Safety has been at the els. When you start to add components center of the design, and into that, carbon is one of the most dif- it will continue to be so ? cult ones

  • MR Feb-24#28 COVER FEATURE
times of con?  ict or in other national)
    February 2024 - Maritime Reporter and Engineering News page: 28

    COVER FEATURE times of con? ict or in other national said Ebeling. “If you look at Iraq and tors bring to the table, all provided by emergencies, and the program also Afghanistan, 98% of those cargoes the MSP ? eet, and it would cost the provides DoD access to MSP partici- were transported to the

  • MR Feb-24#26 COVER FEATURE
ARC  KEEPING 
THE CARGO ROLLING
With a ?)
    February 2024 - Maritime Reporter and Engineering News page: 26

    COVER FEATURE ARC KEEPING THE CARGO ROLLING With a ? eet of nine U.S.-? ag RoRo ships, American Roll-On Roll-Off Carrier Group (ARC), is the U.S.’ premier commercial RoRo carrier of U.S. government and military cargo. As the world becomes an increasingly contentious place, Eric P. Ebeling, President

  • MR Feb-24#16 THE PATH TO ZERO
Methanol’s Superstorage Solution  
Technica)
    February 2024 - Maritime Reporter and Engineering News page: 16

    THE PATH TO ZERO Methanol’s Superstorage Solution Technical inquiries to SRC Group ramped up after it received Approval in Principle (AIP) for a concept which ‘reinvented methanol fuel storage’ on board ships. Delivering the answers has seen technical talk converting into project discussions

  • MR Feb-24#15 Cruise ships can be cleaned during normal passenger)
    February 2024 - Maritime Reporter and Engineering News page: 15

    Cruise ships can be cleaned during normal passenger transfer port calls. Cleanings and cargo operations can occur simul- taneously. How is this possible? The EverClean robots are small and require only a single cargo van on the pier. Multiple robots can be deployed simultaneously. Precision navigation

  • MR Feb-24#12 , 
risk managers, brokers and insurance experts. The closely)
    February 2024 - Maritime Reporter and Engineering News page: 12

    manage- businesses to lower the risk of loss from an incident. ment experts in 92 countries and territories including CEOs, risk managers, brokers and insurance experts. The closely inter- Natural Catastrophes linked peril of Business Interruption ranks second while Natu- For Marine and Shipping risk professionals

  • MR Feb-24#6 Editorial
MARITIME
REPORTER
AND
ENGINEERING NEWS
M A R I N)
    February 2024 - Maritime Reporter and Engineering News page: 6

    Editorial MARITIME REPORTER AND ENGINEERING NEWS M A R I N E L I N K . C O M s the world increasingly HQ 118 E. 25th St., 2nd Floor becomes a geopolitical New York, NY 10010 USA T +1.212.477.6700 quagmire, with Russia’s Awar in the Ukraine soon CEO John C. O’Malley entering year three and disparate

  • MR Feb-24#4 Authors & Contributors
MARITIME
REPORTER
AND
ENGINEERING)
    February 2024 - Maritime Reporter and Engineering News page: 4

    Authors & Contributors MARITIME REPORTER AND ENGINEERING NEWS M A R I N E L I N K . C O M ISSN-0025-3448 USPS-016-750 No. 2 Vol. 86 Maritime Reporter/Engineering News Goldberg Haun (ISSN # 0025-3448) is published monthly Galdorisi except for March, July, and October by Maritime Activity Reports, Inc.