Fire, natural catastrophes and faulty workmanship top causes of insurance claims for business: Allianz

Graph of the top causes for insurance claims
Graph of the top causes for insurance claims

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”

Coast Guard releases 2021 boating safety statistics

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 U.S. Coast Guard Recreational Boating Safety Statistics.

The latest Coast Guard report shows double-digit declines year-over-year across the board in the main boating safety indicators: Boating accidents dropped 15.7%, injuries decreased 17.2%, and fatalities dropped 14.2%. The 2021 fatality rate decreased to 5.5 deaths per 100,000 registered recreational vessels, a 15.4% reduction from 6.5 deaths per 100,000 in 2020. Continue reading “Coast Guard releases 2021 boating safety statistics”

Geo Therm Ltd surveyor company celebrates 20 years in business

Geo therm Inspections logo
Geo therm Inspections logo

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.

The company has an impressive track record serving the majority of the world’s largest offshore energy operators – a testament to their experience, safe system of work, interpersonal manner, and business MO excellence. Their surveyors have frequented over 40 countries since its start up, supporting rig preventative maintenance programs, Classification audits, and the occasional emergency call-out, yet chiefly tasked to identify the early signs of electrical failure and flashpoint ignition sources in engine rooms. Continue reading “Geo Therm Ltd surveyor company celebrates 20 years in business”

New rules on ship safety and pollution proposed by Hong Kong

Hong Kong plans to amend eight regulations on ship safety and pollution
Hong Kong plans to amend eight regulations on ship safety and pollution

Hong Kong plans to amend eight regulations under the Merchant Shipping (Safety) Ordinance, the Merchant Shipping (Prevention and Control of Pollution) Ordinance, and the Merchant Shipping (Local Vessels) Ordinance.

It intends to incorporate the latest requirements under three conventions of the United Nations’ IMO:
– the International Maritime Dangerous Goods Code (IMDG Code);
– the International Convention for the Prevention of Pollution from Ships;
– the International Convention on the Control of Harmful Anti- Fouling Systems on Ships. Continue reading “New rules on ship safety and pollution proposed by Hong Kong”

IACS highlights the need of guidance for remote audits and surveys

image of a man filming a valve on a ipad
image of a man filming a valve on a ipad

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.

Noting the work IACS Members undertake as Recognized Organizations of IMO Member States, verifying compliance of ships with IMO agreed requirements, and with a view to achieve clarity for all parties, IACS has submitted paper III 8/INF.19 and co-sponsored paper III 8/12/1. Continue reading “IACS highlights the need of guidance for remote audits and surveys”

Singapore ranked number one shipping centre for ninth year running

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 city state scored 94.88 out of a possible 100 points, whilst second on the list was maritime professional services stronghold, London, with 83.04 points. Meanwhile, Shanghai, home to the world’s largest port, takes third place with 82.79 points. Continue reading “Singapore ranked number one shipping centre for ninth year running”

Keel failure results in capsize

keel failure results in capsize during an overnight offshore qualifier
keel failure results in capsize during an overnight offshore qualifier

The crew of the first Farr X2 have been rescued after the boat lost its keel on an overnight offshore qualifier. Nexba Racing, a new 30ft grand prix racer aimed at the short-handed market, was sailing in a 100nm qualifier off the coast of New South Wales, Australia in a light to moderate breeze and 1-2m seas when the keel attachment failed, leading to a keel failure and resulting in the boat capsizing. The two female crew were rescued after spending 15 hours drifting. The 9.2-metre boat is the latest project from Farr Yacht Design. She was built in Singapore by XSP and launched in May.

“We are very thankful that the two crew were safely recovered and for the swift action of the Royal Australian Navy Destroyer Continue reading “Keel failure results in capsize”

The BSU annual report published

The German Bureau of Maritime Casualty Investigation annual report published
The German Bureau of Maritime Casualty Investigation annual report published

The German Bureau of Maritime Casualty Investigation (BSU) has published its 67 page annual report and it doing so it has noted that the total number of notifications is significantly higher than in 2020.

There were 659 incidents reported in 2021 in comparison with 602 the previous year – an increase of almost 20%. The number of reports outside the statutory responsibility of the BSU is almost identical in terms of actual figures (249 in 2020 versus 247 today), but has fallen in percentage terms from 42% to 38%.

In particular, marine casualties according to the IMO Code have increased from 109 to 132, representing an increase of more than 20%. The number of incidents has also increased by almost 15% from 244 to 280. Continue reading “The BSU annual report published”

Bow thruster problems led to Apollo incident reveals TSB report

Master unaware of bow thruster’s problems due to lack of mitigating measures reveals TSB report
Master unaware of bow thruster’s problems due to lack of mitigating measures reveals TSB report

The Transportation Safety Board of Canada (TSB) has released its investigation report on a March 2019 berthing incident involving the roll-on/roll-off ferry Apollo in Matane, Quebec.

On 16 March 2019, the crew was preparing the Apollo for the return trip from Godbout to Matane. In response to a request by the master, the chief engineer went to the starboard bridge wing console to look into replacing the button that was used to activate control of the bow thruster at that console. The plan was to replace the existing button in the next few days with one that would illuminate to indicate the operational status of the bow thruster. Continue reading “Bow thruster problems led to Apollo incident reveals TSB report”

Swedish Club guidelines for bills of lading published

The Swedish Club has released a set of guidelines covering the most common issues with bills of lading. The Swedish Club guidelines have been written in response to requests from operators asking for further support in dealing with some of the practical and theoretical aspects of bills of lading.

Despite their seeming simplicity, a bill of lading is still a contract, and the reality is that whilst there is a lot of information available, it is not always easy to find. Part of the issue is that much of the available advice is found in legal textbooks, which may reach a restricted audience The Swedish Club said. Continue reading “Swedish Club guidelines for bills of lading published”

Improperly maintained fluids in well control equipment systems

Improperly maintained fluids in well control equipment systems
Improperly maintained fluids in well control equipment systems

The Bureau of Safety and Environmental Enforcement (BSEE) has informed the industry about several recent offshore incidences where fluids used in well control equipment systems have been improperly maintained.

According to BSEE, two identified fluid contamination issues include the following:
– Nickel leaching into demineralized water in well control equipment, fluid systems.
– Calcium soap build-up in some control fluid systems, potentially caused by mixing the liquid concentrate with a chemical Continue reading “Improperly maintained fluids in well control equipment systems”

Reported injuries due to stored energy in slings

Reported injuries due to stored energy in slings
Reported injuries due to stored energy in slings

The Bureau of Safety and Environmental Enforcement (BSEE) has issued advice and lessons learnt following injuries sustained by offshore crew working with stored energy in slings. By issuing this information, BSEE hopes to prevent similar incidents in the future.

There have been multiple instances across the Gulf of Mexico in which offshore personnel have sustained injuries to the face while working with slings. These incidents resulted from stored energy in the slings. Recent incidents include the following:
– December 2021: A contract roustabout slid a sling off a joint of drill pipe, which left a double loop in the sling. While unhooking the shackle Continue reading “Reported injuries due to stored energy in slings”

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