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Small cargo losses increasing, larger losses on the decline reveals IUMI 2021 Stats Report

The IUMI 2021 Stats Report is available to download
The IUMI 2021 Stats Report is available to download

The International Union of Marine Insurance (IUMI) has published its 2021 analysis of the global marine insurance market. The report presents a range of statistical data to give an insight into the marine insurance market within the context of global trade and shipping.

Global premiums reported from the offshore energy sector in 2020 were USD 3.6 billion representing an 8.6% increase on 2019. Premium income mirrors the global oil price and it is thought that the bottom of the premium decrease cycle has been reached and that income is now on the rise. However, the oil price remains volatile and was impacted negatively in 2020 due to the pandemic. 2021 has seen an oil price rally but the effects of events such as Hurricane Ida are yet to be known. Continue reading “Small cargo losses increasing, larger losses on the decline reveals IUMI 2021 Stats Report”

Specialist aluminum boatbuilder recognised

Susie Sheldon presenting the award to Peter Morton The UK’s Wight Shipyard Co, a specialist aluminum boatbuilder, has been formally presented with a Queen’s Award for Enterprise for International Trade. The award was presented by Mrs Susie Sheldon JP, Her Majesty’s Lord-Lieutenant of the Isle of Wight, to Peter Morton, Chief Executive of The Wight Shipyard Co. in a ceremony at the thriving yard in East Cowes. The award was in particular recognition of their outstanding short-term growth in the export market. Continue reading “Specialist aluminum boatbuilder recognised”

Improper maintenance procedures can cost lives

Screenshot from the animated video UK P&I Club has released a video describing the dangers of refrigeration machinery and other improper maintenance procedures following an enclosed space casualty. During a third-party survey, the surveyor made a request to test the emergency fire pump, which was arranged with the assistance of the chief engineer. The emergency fire pump was located in a recessed well in the steering gear compartment, approximately 3 metres deep and accessed by an inclined stairway. Continue reading “Improper maintenance procedures can cost lives”

Constellation Cyber Consultancy wins at Seatrade Cyber Security Award

Constellation Cyber Consultancy winning the awardConstellation Cyber Consultancy wins at the recent Seatrade Awards Virtual, (Middle East, Indian Subcontinent & Africa), held online on Wednesday 3rd November, fifteen more outstanding winners joined maritime’s greatest roll of honour and were recognised for their outstanding achievements; unwavering resilience and inspiring dedication over the last 18 months. The Seatrade Awards, which take place in association with Lloyd’s List, was sponsored this year by ADNOC Logistics & Services, Bureau Veritas and DNV. Continue reading “Constellation Cyber Consultancy wins at Seatrade Cyber Security Award”

Most sustainable electric Spirit yacht handed to new owner

Sailboat on the waterSpirit Yachts, located in the UK, has launched its new Spirit 30, its most sustainable electric spirit yacht yet. This 9.15m fully electric yacht is the company’s first hull to have flax lay-up and bio-resin incorporated into its build. Responding to demand for a smaller Spirit design, the first Spirit 30 has now been handed over to its new owner in the UK. Continue reading “Most sustainable electric Spirit yacht handed to new owner”

MPC offers advice to personal watercraft regulation consultation

Skijet jumping through wavesThe Maritime Professional Council (MPC) of the UK has responded to a recent Department for Transport (DfT) consultation on whether personal watercraft (PWC) users should be subject to the same safety obligations that exist for the operators of ships.

In principle, the MPC supports the DfT’s proposals that would ensure PWC come within the scope of the Merchant Shipping Act 1995 (MSA) and has made a number of constructive observations aimed at achieving regulations that are fit for purpose. Continue reading “MPC offers advice to personal watercraft regulation consultation”

Superyacht builders invest in ocean conservation

A group of shipyards has committed to reinvesting in ocean conservation and regeneration and is urging others to join them.
A group of shipyards has committed to reinvesting in ocean conservation and regeneration and is urging others to join them.

A group of shipyards has committed to reinvesting in ocean conservation and regeneration and is urging others to join them.

Abeking & Rasmussen, Ameryachts, Baglietto, Feadship, Gulf Craft, Heesen Yachts, Horizon Yachts, Lürssen Yachts, Oceanco, Royal Huisman, Sanlorenzo, Silveryachts, Southern Wind, Tankoa, Turquoise Yachts and Vitters are the first builders so far to agree to reinvest based on the gross tonnage (GT) of yachts they deliver. Continue reading “Superyacht builders invest in ocean conservation”

Pre-load steel surveys – recommended only for finished steel products

A man loaded steel rodsFor their mutual members, Gard P&I Club covers the cost of pre-load steel surveys (after any contribution from charterers). Only finished steel cargos justify the costs. In this short article, the Club highlights the type of cargo that is covered by the pre-load steel surveys recommendation.

As a general guideline, the Club will cover the costs involved in owners’ entries pre-loading survey on finished steel products. Accordingly, it is normally recommended that pre-loading surveys be carried out on the following products: Continue reading “Pre-load steel surveys – recommended only for finished steel products”

Conducting an oil tanker operational risk assessment

Graph of oil tanker operation claims 2019-2020Oil tanker operations are extremely critical due to the significant impact they can have on life, property and the environment should anything go wrong, Shipowners Club has said.

To assist in mitigating the risk involved with this trade, several measures are already in place including regulations governing the carriage of oil and the mandatory requirement for all crew to undergo specialised training courses prior to sailing on tankers. Continue reading “Conducting an oil tanker operational risk assessment”

Tristar Safety at Sea Conference – Promoting welfare seafarers

Tristar safety at sea conferenceTristar Group will host its Third Annual “Safety At Sea” conference on 8th December 2021 (1330 UAE time) at the Dubai Expo Site in the India Pavilion. This continued initiative by Tristar, supported by IIMS, Nautical Institute, and IMarEST, is to draw industry and global attention to crew mental health issues and to improve the general well–being of all seafarers.

As business owners and leaders in the maritime industry, the onus is on us to take a leading role to ensure that the mental health of seafarers is no longer a taboo subject and that we create platforms to discuss and put in place an ecosystem that will enable seafarers to Continue reading “Tristar Safety at Sea Conference – Promoting welfare seafarers”

Review study on the Recreational Craft Directive 2013/53/EU – Final report published

Review study on the Recreational Craft Directive 2013/53/EU - Final report published
Review study on the Recreational Craft Directive 2013/53/EU – Final report published

The report has been created in line with the review clause set out in Article 52 of the Recreational Craft Directive 2013/53/EU which requires the European Commission (EC) to submit a report to the European Parliament and the Council by 18 January 2022. The final report/study has been carried out by Panteia, TNO and Emisia on behalf of the EU Commission in terms of the Recreational Craft Directive Review 2022 process and has been published. The report can be downloaded in pdf format at the bottom of this article.

The Executive Summary as extracted from the report is as follows. The Recreational Craft Directive (RCD) 94/25/EC, harmonising the provisions related to recreational craft, was adopted by the European Parliament and the Council in June 1994 and was applied from June1996. Directive 2003/44/EC amended the Recreational Craft Directive in 2003 and introduced a set of exhaust and sound emission requirements as well as added the provisions for post-construction assessment. Continue reading “Review study on the Recreational Craft Directive 2013/53/EU – Final report published”

Australia launches Discover Boating campaign

Mini speed boat on the waterThe Boating Industry Association (BIA) of Australia has launched its Discover Boating campaign ahead of an expected busy summer season. The three-month, multi-channel advertising campaign is designed to promote participation in boating and the boating lifestyle to millions of people nationwide.

BIA president Darren Vaux says interest in boating and the boating lifestyle in Australia remains strong, and now is the time to build on this interest and keep the momentum going. Continue reading “Australia launches Discover Boating campaign”

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