The Thomas Miller-managed TT Club has appointed EeLain Ong as chief financial officer following the departure of Julian Chowdhury. Chartered Accountant Ong has been with the TT Club for 27 years, holding positions at reinsurance and insurance providers and also…
This update summarises the drivers and result for the 2021/22 Financial Year and other recent developments in the Club’s business. Further information will be provided in the Annual Report & Financial Statements, which will be issued in the near future…
Stakeholders in the maritime industry have warned that with over 70% of Nigerian seafarers out of job, there could be an increase in piracy attacks in the nation’s waters. Stakeholders gave the warning during the Day of Seafarers, with the…
Self-sanctioning by shippers, banks and insurers when it comes to Russian oil cargoes, as well as a recent announced toughening of the rules by the EU, has led the Biden administration in the US quietly to ask the EU and…
European Union foreign ministers will discuss ways to free millions of tonnes of grain stuck in Ukraine due to Russia’s Black Sea port blockade at a meeting in Luxembourg on Monday. Ukraine is one of the top wheat suppliers globally,…
A 650,000-barrel-cargo of Venezuela's oil chartered by Italy's Eni (ENI.MI) is about to set sail carrying the first export of crude from the U.S.-sanctioned country to Europe in two years, Refinitiv Eikon data showed on Friday. The U.S. State Department…
Some shipping sources are not convinced an EU insurance ban will prevent shipowners from seeking Russian barrels as alternative insurance providers from further afield remain an option, they said June 15. Tanker owners are also capitalizing on sky-high freight rates…
THE AMERICAN CLUB’S ANNUAL REPORT AND ACCOUNTS FOR 2021. CLOSING OF THE 2019 POLICY YEAR. LEVYING OF A SUPPPLEMENTARY CALL FOR THE 2020 POLICY YEAR. Annual Report and Accounts for 2021 Your Managers are pleased to attach the American Club’s…
The shipping markets have had to navigate even more turbulent waters so far in 2022, than in the past couple of years, of COVID and supply chain disruptions. In its latest weekly report, shipbroker Allied Shipbroking said that “despite having…
After careful consideration, Norwegian Hull Club has decided to cease its P&I business. First established in 2008, The Club has not succeeded in establishing a profitable P&I portfolio and as a result, it has concluded to terminate the product line…
