Market Association
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- ILU Asks Speed-Up In Use Of Electronic Claims Systems Maritime Reporter, Mar 1992 #8
When arranging coverage for a ship in the London market, insurance brokers will soon be able to conduct negotiations with underwriters over a computer. Already, dummy trials are being held, with live electronic placing scheduled to start in April.
The Institute of London Underwriters (ILU), which is pressing its members to speed up the introduction of electronic claims systems, wants to see all claims business computerized by the end of the year.
When paperless underwriting systems were first contemplated, many brokers and insurers felt that electronic placement would not be suitable for marine risks because of their size and complexity. But that perception has changed, according to Charles Wilkins, data processing manager at the Institute of London Underwriters, which represents 101 marine and aviation insurers in the company market.
He claims marine risks are not necessarily any more complicated than non-marine risks The move toward paperless trading systems in the marine insurance markets is progressing parallel to similar initiatives throughout the London market. The London Network Management Committee is coordinating the project in which the Lloyd's Insurance Brokers Committee, Lloyd's of London, the Institute of London Underwriters, and the London Insurance and Reinsurance Market Association are participating.
Lloyd's and the company market will all start testing electronic placement systems together next month.
The first phase will enable a broker to prepare a risk package proposal on screen, to obtain quotes from underwriters, send a confirmation of a firm order, and provide a facility for processing endorsements to a risk package held in the system.
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- Propellers: One Size and Shape Does Not Fit All Marine News, Feb 2015 #28
all the flavors of the legacy propeller – allowing PropCad users to simultaneously document their designs, improve performance, and maintain market association with a particular brand and model. Exporting designs for CAD/CAM Because designers have a wide variety of software packages at their disposal
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March 2024 - Marine Technology Reporter page: 45ronments. The new agreement will address speci? c techni- cal gaps in the UUV defense and offshore energy markets especially for long duration, multi-payload mission opera- tions where communications are often denied or restricted. As part of the new alliance, Metron’s Resilient Mission Autonomy portfolio
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March 2024 - Marine Technology Reporter page: 42courtesy BIRNS MacArtney launches the new ultra-compact ø12.7 mm SubConn Nano connector. Innovative connectivity built on 45 years of ? eld-proven and market-trusted design. Image courtesy MacArtney Birns celebrated its 70th anniversary at Oi. Cables & Connectors CABLES & CONNECTORS BIRNS made a splash
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March 2024 - Marine Technology Reporter page: 41Image courtesy Outland Technology Image courtesy Exail Image courtesy Submaris and EvoLogics Vehicles The ROV-1500 from Outland Technology represents a leap forward in underwater robotics, a compact remotely operated vehicle (ROV) weighing in at less than 40 lbs (19kg) the ROV- 1500 is easy to transport
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March 2024 - Marine Technology Reporter page: 19is the large amount of accurate information obtained project management, inspection, over a relatively limited extent of time. Also, because FiGS sales, marketing and management in data is combined with detailed CP models developed using the sector since 2001. FORCE Technology’s SeaCorrTM software, it’s
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March 2024 - Marine Technology Reporter page: 18of the varying positions of the ROV during the able information. This is faster than any other advanced CP survey. inspection tool on the market. FiGS can also be positioned FiGS technology integrates ? eld gradient detection with higher above the pipeline and still obtain valuable data.
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March 2024 - Marine Technology Reporter page: 6Wigen is a Cathodic Protection and corrosion control expert having worked across engineering, design, modelling, project management, inspection, sales, marketing and management in the sector since 2001. MTR #3 (1-17).indd 6 4/4/2024 11:29:30 A
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March 2024 - Marine Technology Reporter page: 4(212) 477-6700; Fax: (212) 254-6271 tional in London, perennially one Lof the world’s most important Justin Zuure CEO events serving the global subsea market. John C. O’Malley [email protected] Personally, it was my ? rst return to London for this event since 2018, as the 2020 ‘50th Anniversary’
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April 2024 - Maritime Reporter and Engineering News page: 47MARKETPLACE Products & Services www.MaritimeEquipment.com Powering the fleet for 60 years! HYDRAULIC NOISE, SHOCK AND VIBRATION SUPPRESSOR Noise, Shock, VibraO on & PulsaO on in Quiet, Smooth Flow Out Oil Bladder Nitrogen (blue) Manufactured by MER
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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
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April 2024 - Maritime Reporter and Engineering News page: 38Korea’s Hyundai Mipo Dockyard in 2025. EPS will charter the ships out to Crowley, who will deploy them on its U.S.-Central America trade connecting U.S. markets to Nicaragua, Hon- duras, Guatemala and El Salvador. Each ship will feature 300 Image courtesy HRDD refrigerated unit plugs. The four Avance-class
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April 2024 - Maritime Reporter and Engineering News page: 37can help teams work together to solve the challenge using different systems on the bridge." – Jussi Siltanen, Lead, "The gami? cation of Product Marketing, learning makes it fun." Safety Solutions at NAPA – Captain Pradeep Chawla, Founder, MarinePALS Image courtesy MarinePals Image courtesy NAPA technolo
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April 2024 - Maritime Reporter and Engineering News page: 33equipment inte- gration, including electric subsea cranes. Electri? cation enhances operational smoothness and reduces downtime. Inman sees strong market potential for the FWIV. “Floating offshore wind is going to be a global industry, and it’s going to be big from the get go.” www.marinelink.com
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April 2024 - Maritime Reporter and Engineering News page: 32NOV has launched the Enhydra ? oating wind installation print from around 150m long and 7m wide to just that of the vessel (FWIV) concept for the global market which is ex- diameter of the base. It also enables them to be moved with- pected to scale up signi? cantly between 2028 and 2035. The out SPMTs.
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April 2024 - Maritime Reporter and Engineering News page: 31cranes.” Competition between turbine manufacturers is so tough that the turbines have barely been thoroughly tested before they are launched on the market, says Kanstrup, and too few of each size will be manufactured to pay for the development costs before an even larger size is required. “And if the
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April 2024 - Maritime Reporter and Engineering News page: 23to catch the stronger, more favor- able winds. While the speed of technological development continues to pick up pace, Langford proposes that in the U.S. market, a correctly paced approach to suit supporting supply chain might be best in the long term. “It really boils down to Visit us at OTC 2024 further
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April 2024 - Maritime Reporter and Engineering News page: 22and repair base, an orderbook early movers, to head for the exit. While the cost of project packed with new ships and boats to feed this emerging market. delays and cancellations have a real impact on the players that While that has yet to transpire, Lanford assesses the potential. remain, Langford
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April 2024 - Maritime Reporter and Engineering News page: 21Langford, noting that vessels to support shore Wind, a pivotal cog in helping to facilitate this emerging installations are proving problematic, too. market globally. From the government side, he sees a need for further sup- port – incentives and subsidies – to develop ports and proj- Roadblocks on the
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April 2024 - Maritime Reporter and Engineering News page: 19and Kongsberg designs), and China’s CMHI building Kongsberg designs. Ten yards account for the remaining vessels. The Future Looks (generally) Bright The market fundamentals, re? ected by an increasing num- ber of turbines being installed and operational coupled with a likely reduction of Tier 2/3 vessels
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April 2024 - Maritime Reporter and Engineering News page: 18MARKETS & gas activity returns, we anticipate that supply of the vessels The Question of Emissions to offshore wind projects will reduce, driving demand for ad- Given that SOVs and CSOVs operate in a segment target- ditional CSOVs. ing reduced emissions, and many operate in the North Eu- Outside of China
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April 2024 - Maritime Reporter and Engineering News page: 17wind farms, which will give the economies of scale required to justify a SOV/CSOV. We should note that some Chinese OEMs are targeting international market expansion, which may result in the demand base becom- ing more fragmented. Although the developer space is more fragmented, we look to the developers
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April 2024 - Maritime Reporter and Engineering News page: 16MARKETS SOVs – Analyzing Current, Future Demand Drivers By Philip Lewis, Director of Research, Intelatus © Björn Wylezich/AdobeStock t a high-level, there are three solutions to transferring Lower day rate CTVs are often used for daily transfer of technicians from shore bases to offshore wind farms
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April 2024 - Maritime Reporter and Engineering News page: 6challenges facing the [email protected] This incident again highlights how ‘out commercial industry at large: the need for Corporate Staff Manager, Marketing of sight, out of mind’ the maritime world modern tonnage and the need for trained Mark O’Malley momalley@marinelink is to the general public
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April 2024 - Maritime Reporter and Engineering News page: 4Lundquist van Hemmen One full year (9 printed issues) $140.00; two years $180.00 (18 printed issues) including postage and handling. Cooper Goldberg has market analysis and strate- Captain Aaron Cooper is a Mas- Murray Goldberg is CEO of Ma- gic planning experience in the ter Mariner with 30 years of expe-
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April 2024 - Maritime Reporter and Engineering News page: 22024 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 & Contributors 6 Editorial 8 Training