Pantaenius and Markel’s partnership is the logical development when faced with today’s unstable yacht insurance market.
It has been announced that Markel International is to partner with European yacht insurance provider Pantaenius.
Pantaenius has offices across Europe, USA and Australia and has been providing a range of yacht insurance and related protection for yacht owners for more than 50 years.
Markel’s yacht and superyacht team was established two years ago, with the appointment of senior underwriter Mike Wimbridge to head up the business. Mike will become part of Pantaenius, while remaining located in Markel’s London office.
The future development of Bavaria is taking clear shape: The yacht builder, respected worldwide for its good price/performance ratio, will once again build its boats one hundred percent in Germany. Bearing the seal of quality “Made in Giebelstadt”, both sailing and motor yachts will be manufactured and handed over to customers in Franconia. The R55 motor yacht, previously produced in Croatia, will for the first time be hand-built at the company’s headquarters in the first half of 2019. The moulds and tools are currently being transported from Croatia to Germany and installed in Giebelstadt.
“We want our outstandingly well trained and committed employees to develop and build all our yachts primarily under own management. The workforce identifies strongly with Bavaria Yachts; it is the key feature of our company,” explains Managing Director Erik Appel, who has been Chief Operating Officer of Bavaria Yachts since December 2017. “This is why we intend to further increase our permanent staff and simultaneously reduce the proportion of temporary workers. This will help considerably to bring down Continue reading “Bavaria Yachts is relying on 100 percent Made in Giebelstadt”
Once this is ensured, the owner, manager and shipmaster of the affected Singapore-registered ships should alert MPA of the incident immediately or at the latest, within 2 hours.
MPA Singapore issued a marine notice to inform operators of Singapore-registered ships on the procedure of reporting of any marine casualty, incident or security-related incident involving Singapore-registered ships.
To begin with, the following can be considered to-be-reported marine incidents:
– the death of, or serious injury to, a person;
– the loss of a person from a ship;
– the loss, presumed loss or abandonment of a ship;
– material damage to a ship;
– the stranding or disabling of a ship, or the involvement of a ship in a collision;
– material damage to marine infrastructure external to a ship, that could seriously endanger the safety of the ship, another ship or an individual; or
– severe damage to the environment, or the potential for severe damage to the environment, brought about by the damage of a ship or ships.
The examination showed that the damaged nitrogen cylinder had suffered significant corrosion at the point of failure.
The Bahamas Maritime Authority issued a safety alert regarding the potential serious risk for safety on board a ship where nitrogen cylinder are used as a stored kinetic energy system for launching lifeboats. This alert was issued after the authority obtained information from an ongoing maritime incident investigation conducted by the Transport Accident Investigation Commission, New Zealand.
The vessel had hydraulically powered davits with six power packs, three on each side of the vessel. A stored energy system consisted of a piston accumulator and a bank of four high pressure (180-210 Bar) nitrogen cylinders were fitted to each lifeboat launching davit.
In February 2017, one of the nitrogen cylinders of a stored energy system onboard exploded while being topped up to maintain the correct pressure. A crew member died as a result of the explosion. The findings of the investigation indicate that significant corrosion affected the structural integrity of the cylinder.
Swiss company SolarImpact Yacht AG has announced plans to debut its new project. What is believed to be the world’s first solar powered superyacht, which has been in the research phase for five years, is now ready to be unveiled to the world.
The 23.7-metre (78-foot) vessel, designed by Marlena Ratajska, draws power from a solar-based energy supply and uses optimised SWATH (Small Waterplane Area Twin Hull) construction. The concept merges top-end luxury features and comforts with cutting-edge design and sustainability, and can reportedly boast an unlimited cruising range.
Yacht Protect Services Ltd has claimed that not all applicable yachts are adhering to the Maritime Coastguard Agency (MCA) Marine Guidance practises relating to textile fire retardants such as MCA LY3 fire protocol.
In October 2012, the MCA issued Marine Guidance Notice 453 (MGN 453) – a protocol to approve service providers wishing to apply textile fire-retardant treatments.
A collaboration with rope supplier Marlow shares data about safe working loads of sheet and halyard systems, using Marine Results’ specialist destructive testing facility to evaluate the breaking loads.
Already well known in the market for rig management and survey projects on the world’s largest and most advanced sailing yachts, Marine Results is now using non-destructive testing to detect cracks and flaws in masts.
This testing uses non-invasive ultra-sonic screening with the company supporting the Grand Prix circuit, Americas Cup, GC32, TP52s and Open 60s.
“We frequently work as part of a larger team with other suppliers on major rig projects,” explained director Jon Morris.
“The data that we produce from the megayachts in collaboration with our regular partners trickles right down to the mass market enabling design standards to advance across the industry.”
Topic areas of the project’s final reports include the technical feasibility of converting vessels to propulsion using Methanol
The Methanol Institute has welcomed the findings of the Sustainable Marine Methanol (SUMMETH) project, which has backed the increased use of Methanol as a marine fuel.
The research concluded that there are no obstacles to the efficient use of Methanol in a converted diesel engine and that smaller vessel conversion projects are feasible and cost-effective, with levels of safety that easily meet existing requirements.
Switching to Methanol would offer immediate environmental benefits, including close to zero SOx and particulate matter emissions and significantly lower NOx emissions compared to conventional marine fuels or biodiesel.
The aim of this amendment is to increase the attractiveness of the Danish Flag
The Danish Parliament adopted a legislative amendment on 26 of April, which cancels the registration fee for vessels in the Danish Registers of Shipping. The aim of this amendment is to increase the attractiveness of the Danish Flag.
Denmark supports that this measure will indeed increase the attractiveness of the Danish Flag, as it now offers the same benefits as foreign Flags.
This amendment also provides increased economic activity and international influence, when the Danish Flag attracts more vessels from both national as foreign shipowners.
Expleo Design has unveiled a futuristic 110-metre (360-foot) superyacht concept named Elyon, with on-board accommodation for up to 30 guests.
According to Expleo Design, the organic shapes of the yacht “combine elements inspired by nature [and] assembled in a futuristic and innovative approach”. The studio’s main inspiration was a calm ocean wave, which explains its curvaceous exterior lines, which are described as being calm and elegant, yet firm and strong at the same time.
Elyon’s unique bow; the blending between decks; wide-glass windows; and her structural elements are combined with clean design and wide-open spaces to give the feeling of space, freedom and power.
Nations met at the United Nations International Maritime Organization (IMO) in London recently to talk GHG emissions
Nations meeting at the United Nations International Maritime Organization (IMO) in London recently have adopted an initial strategy on the reduction of greenhouse gas emissions from ships, setting out a vision to reduce GHG emissions from international shipping and phase them out, as soon as possible in this century.
The vision confirms IMO’s commitment to reducing GHG emissions from international shipping and, as a matter of urgency, to phasing them out as soon as possible.
Princess Yachts recorded its highest ever sales in 2017 with record turnover of £274.4m, an operating profit of £7.9m and advance orders totalling more than US$1bn for the first time in its history.
Financial results for the 12 months to 31 December 2017 show turnover is up 26.6% on 2016 and advance orders 20% higher than the previous year, with results helped by a strong performance at the Cannes, Fort Lauderdale and Düsseldorf boat shows.
Antony Sheriff, executive chairman of L Catterton-owned Princess Yachts, said: “This has been a landmark year in the history of Princess. We have a clear vision to be the highest quality, most innovative and best luxury yacht producer in the world and it is gratifying to our highly skilled and dedicated 2,700-strong team that the market has responded in tune with our efforts.”
