Further to the finalization of the renewal arrangements for the International Group’s General Excess of Loss Reinsurance Contract (GXL) and Hydra reinsurance program for the forthcoming 2023-24 policy year, please see below rates that will apply per vessel type: …
With reference to the 2023/24 Policy Year P&I Renewals, we are pleased to present our Aries P&I Renewal Snapshot summarizing all announcements released by the 13 International Group Clubs. We hope you will find this presentation to be of some…
MS Amlin has summarized some new and amended IMO regulations, which are coming into force in 2023 and beyond. IMO EEXI and CII measures The Mediterranean Sea becoming a SECA Amendments to the International Convention on Standards of Training, Certification…
UK-based cyber security firm CyberOwl has warned shipmanagement software vendors that it could become a focus of hackers. The company noted that Voyager Worldwide and DNV’s ShipManager software both had been hit by cyber attacks in the past couple of…
Data from MarineTraffic has shown that a considerable number of vessels called at Indian ports in 2022 that will not be allowed in after India introduces its planned ban on older ships. As was reported in IMN last week, under…
Norwegian Hull Club has said that it is further reinforcing its commitment to the energy transition by introducing Environmental Care & Emission Reduction (ECER) – a new area of assessment in its underwriting procedures. ECER will see environmental standards, emission…
Shipowners’ Club Director of Underwriting Ian Edwards has noted that, when the Club’s Board met on October 31st 2022, it was observed that the Club was in a market leading underwriting position, but potentially faced some headwinds by virtue of…
Steamship Mutual has brought to the attention of Members a recent Safety Alert issued by the Dutch Safety Board to stop the use of, and to replace, a defective batch of the following pyrotechnics: PIROLEC Red Rocket Parachute Flare Type:…
Maersk is moving towards a single, unified brand that will see shipping lines including 152-year-old Hamburg Süd and SeaLand as well as newer acquired brands like Senator and LF Logistics discontinued and integrated into Maersk. “We believe that by integrating…
The International Maritime Organization (IMO) has announced that it will be revising guidelines from 2014 that apply to commercial ships, with the aim of reducing the level of underwater noise which, it said threatened the survival of some marine species…
