Over recent years, the insurance sector around the word has faced unprecedented times, not just in the area of marine surveying where loses and insurance claims remain high. This review from Allianz may, in part, explain just why surveyors’ PI insurance premiums around the world have jumped.
A fire at a busy warehouse leaves a company struggling to replace its buffer stock; a ransomware attack paralyzes a company’s IT systems; the use of industrial adhesives in manufacturing results in a costly product recall: every day companies Continue reading “Fire, natural catastrophes and faulty workmanship top causes of insurance claims for business: Allianz”
With the pandemic putting more people than ever on the water and consequent rise in boating accidents and fatalities, there’s some better news in the newly released 2021 
Established in 2002, Geo Therm Ltd celebrates its 20th year in business this August. The company is renowned for performing condition monitoring Thermographic and Ultrasonic inspections onboard offshore jack-up rigs, semi-submersibles, drillship units, including fixed platforms.
IACS says it will actively participate in the forthcoming 8th session of the Sub-Committee on Implementation of IMO Instruments (III 8), which will meet remotely from 25 to 29 July 2022, suggesting amendments to IMO resolutions to provide guidance on the use of remote audits and surveys.
Plans to update UK law around rules governing the fire safety and protection of vessels are going out to public consultation as part of the Maritime and Coastguard Agency’s commitment to ensuring seafarer safety.
Singapore has secured the top spot once again in the Xinhua-Baltic International Shipping Centre Development Index Report. It is the ninth consecutive year that the report, published jointly by Chinese state news agency, Xinhua, and global maritime data provider, the Baltic Exchange, has ranked Singapore as the leading global maritime centre.
The West P&I Club has noted a number of recent container fire incidents related to containers which were declared as miscellaneous items but actually contained charcoal/carbon. This is a commodity liable to spontaneous combustion. These containers were below deck and when fires broke out there was considerable damage caused to the vessel and other cargo by the fire and the water used to extinguish the fire.