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

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• 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)

• 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

• 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

• DG Tren on the Move!

    As from yesterday European transport policy and European energy policy have each their own DG and their own Director General. The two network industries will not be housed any longer in one DG. As a result DG Transport? had to look for a new name.

• Maersk Line is the general increase of Mediterranean ports in North America

     Maersk Line would like to announce a general rate increase effective 1 January 2010 from France Mediterranean ports to US and Canada amounting to USD 150/200 USD per 20′/40′. The trading conditions for the carriers operating in these markets are still subject to unacceptable rate levels and the situation is

• Total EU fishing rules u0026quot

     (BBC) The Common Fisheries Policy, (CFP) is “the most ill thought out European policy affecting Scotland”, Fisheries Secretary Richard Lochhead will say.  Source

• No need for more OPEC oil – official

    OPEC is not expected to change its policy on production levels when it meets in December, as global oil inventories remain well above the five-year average, an official from the group said on Tuesday. “There is plenty of supply in the market so I don’t see why OPEC should increase

• Ship Chartering: ONGC against new policy

    Flagship explorer Oil and Natural Gas Corporation has protested against a directorate general of Shipping circular which gives owners of Indian-flag vessels the first right of refusal in tenders for chartering ships, and said the policy has led to cartelisation among domestic shipowners. The DG-Shipping circular, issued in November, says

• CMA CGM Australia hikes rates

     CMA CGM has announced a general rate increase on freight from the United States and Canada to Australia and New Zealand. CMA CGM will apply the latest general rate increase effective Dec. 1 “to provide its customers with the same reliable and efficient services to which they are accustomed.” For all cargo

• 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

• Zim increase

     Zim has announced a general rate increase of US$200 per TEU effective from February 1, 2010.The increase will be implemented on the Cross Suez trade, from Asia to North Europe, East and West Mediterranean and Black Sea. Cargonews Asia

• Commissioner Borg wins Greek Express Award for International Person of the Year

    Joe Borg, EU Commissioner for Maritime Affairs and Fisheries, has won this year’s Lloyd’s List Greek Shipping Award for International Personality of the Year in recognition of his outstanding work over the past five years in shaping an Integrated Maritime Policy for the European Union. Mr Borg was praised for

• Maersk: General rate increase in the Mediterranean and North Africa to North America trade

    Maersk Line would like to announce a general rate increase effective 1 October 2009 in the Mediterranean and North African to US and Canada trades. The trading conditions for the carriers operating in these markets are still subject to unacceptable rate levels and the situation is unsustainable in the longer

• Sonoda new ASF Secretary

    The Asia Shipowners’ Forum (ASF) has announced that, with effect from 1 January 2010, Mr.

• Maersk Line is the general increase in the Far East to the East Coast of South America trade

     Maersk Line would like to announce a general rate increase effective 15 October 2009 in the Far East to East Coast of South America trade.  The trading conditions for the carriers operating in these markets are still subject to unacceptable rate levels and the situation is