The London P&I Club has raised concern that out-of-date onboard charts and other nautical publications are continuing to prove a contributory cause of shipping accidents, despite requirements laid down by international legislation. On receiving reports from P&I ship inspectors that…

Read at London P&I Club raises alarm over out-of-date charts

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• Industry calls for new crew task liability

    Rising concern over the abandonment of crews following ship owner bankruptcy has propelled the government to amend legislations of liability, receiving full support and backing from the London P&I Club. As propounded in the London P&I Club’s 2009 Annual Report,… Read at Industry advocates new crew abandonment liability legislation

• London P I Club Sets 5% general increase

    The London P&I Club’s Committee has set a general increase of 5% for P&I premiums for the 2010/2011 policy year. The Club’s open policy years are developing in line with expectations, and the general increase for the forthcoming P&I year… Read at London P&I Club sets 5% general increase

• Entries in the growing Asian American Club

    P&I insurer the American Club reports that its entries from Asia continue to show ‘energetic growth’, particularly those from China where the club’s managers opened a liaison office, in Shanghai, in November 2007. Asian entries now amount to nearly 20% of the club’s tonnage and there are ‘encouraging prospects for

• UK Club looks for better deals from U.S. prosecutors

    Thomas Miller (Americas) Inc says it is keen to “improve standards and increase the productivity” of US-based attorneys engaged to handle UK P&I Club members’ claims. Given the “geographical and jurisdictional challenges facing ship owners in the Americas and the frequency of high value P&I claims” the club’s managers say

• New York Yacht Club Invitational Cup (NYYC)

     (sail-world)  In a year that marks its 165th anniversary, the New York Yacht Club (NYYC) is organizing the Invitational Cup, a highly anticipated fleet racing regatta to take place in Newport, R.I. from September 15-19, 2009. ‘This event is, in fact, the world championship for the main yacht clubs of the world,’ said Bruno Troublé,

• Pertamina seeks help for LNG terminal

    Indonesia’s state oil and gas company Pertamina is seeking a partner for a planned liquefied natural gas receiving terminal.

• UK Defense Club to raise premiums to 5%

    The UK Defence Club says it has decided on a general premium increase of “only” 5% cent for the policy year beginning 20th February 2010. The directors of the Club, known as the United Kingdom Freight Demurrage and Defence Association Limited and managed by Thomas Miller Defence Limited, agreed the

• OOCL Trans-Pacific hikes prices

     OOCL will implement a general rate increase for all dry and reefer cargoes leaving Hong Kong, Macau and South China for shipment to Canada. Based on cargo receiving date, the GRI will take effect March 15. The increases for cargo going to Torontoy or Montrealy will be $400 per 20-foot container,

• ISU closes in revision of BIMCO WRECKHIRE Agreement

    Work has begun on the revision of the widely-used ISU/BIMCO WRECKHIRE 99 Daily Hire Wreck Removal Agreement. This follows a request to the Documentary Committee by the International Group Salvage Sub-committee to consider the agreement for revision – primarily driven by a desire to better control costs.

• AM Best affirms ratings of the West of England Shipowners Mutual Insurance Association

    A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of The West of England Ship Owners Mutual Insurance Association (Luxembourg) (WOE or the Club)

• Steps to combat hijackings of vessels

    The Government has taken following steps to combat the incidents of piracy of ships/vessels. (i) The Directorate General of Shipping has issued various advisories to ships/vessels transiting through Gulf of Aden providing information relating to piracy in the area and also providing details of patrol convoy timing followed by the

• Reeder, called due diligence on counterparties exercising Finance

    American Club warns of limits of FD and D cover Read at Shipowners told to exercise due diligence on counterparty finances

• To expand the fighting in Iraq over oil exports

    Efforts to transform Iraq into a diversified, free-market model for the Middle East are bogged down and the country still depends on a struggling oil industry six years after Saddam Hussein’s overthrow. As it clutches at stability, Iraq needs to broaden economic growth and create jobs. Yet the oil sector,

• Iron ore swaps trading live at the London Dry bulk electronic trading

    Iron ore swaps have traded consistently on the LDB-X trading platform launched by London Dry Bulk (LDB). The iron ore swaps market has progressed in the level of its sophistication.

• New York Yacht Club Invitational Cup: u0026quot leads as NYYC

     (sailworld)  With brisk breezes to propel them, the New York Yacht Club Invitational Cup fleet of 19 teams from 14 nations competing at the inaugural event worked it hard in four shifty, somewhat unpredictable races on Narragansett Bay today.   Source