Speaking recently at the IUMI (International Union of Marine Insurance) conference from Chicago, Rama Chandran, chairperson on the Ocean Hull Committee, expressed concern over the long-term sustainability of the hull and machinery insurance sector.
He said: “Whilst it is encouraging to see the 2021 premium base growing from the previous year we face deteriorating loss ratios, albeit from a low 2020 base. Premium base has only recently begun to creep upwards following a sustained decline since 2012. The increase of 4.1% is lower than the 6% seen last year and the reducing quantum is a worrying trend. This is likely due to increased market capacity, particularly from London and Latin America which is a surprise for many.” Continue reading “Hull and machinery underwriters have significant challenges ahead”
The International Cargo Handling Coordination Association (ICHCA) has published a safety brifing document to offer advice into some of the safety principles associated with safe lifting of ISO containers and tanks using hooks and wires.
The National Transportation Safety Board (
In his introduction to the 
The International Group of P&I Clubs has published its first Sustainability report, exploring how the Group’s role and current activities align with and support the United Nation’s Sustainable Development Goals as well as helping to facilitate global trade.
During a press conference at SMM 2022, DNV unveiled its latest Maritime Forecast to 2050 report with a new focus on how to overcome the “ultimate hurdle” of fuel availability. This year’s publication considers the comprehensive production, distribution and bunkering infrastructures required to enable the maritime industry’s shift to carbon-neutral fuels.
The US Coast Guard (