Insurance, Legal & Finance – Page 11
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News
Maritime Labour Convention ratified
Ratification of Maritime Labour Convention (MLC) is “great news for the world’s more than 1.2m seafarers”, said Dr Rosalie Balkin of the IMO’s Legal Affairs and External Relations Division.
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NewsPaper calls for research strategy agenda
More needs to be done to bring industry and academia together as a matter of urgency, says Alf Baird of Edinburgh Napier University.
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NewsIFC initiative spearheads Interferry review
The International Finance Corporation (IFC) is part of the World Bank Group that provides development loans to poor nations.
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NewsClarity on piracy risk dispute
It’s a complex case dealing with owners'' refusal of charters'' orders and piracy risks, but MJ talked with Rebecca Warder of HFW to understand the implications of the recent Conwartime 2004 Clause judgment.
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News
Graduates glimpse seafarer’s rights issues
Seafarers’ Rights International has placed a number of high performing young graduates into this year’s short but intensive SRI Legal Internship Scheme.
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NewsUNCLOS is still essential, says ICS
The number of significant oil spills had decreased from about 23 per year in the 1970s to just three per year during the past 10 years, while the volume of maritime trade had more than tripled during the same period.
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NewsEquity capital wanted for ship finance
At present it is becoming increasingly difficult to obtain equity capital from investors, and loan capital from banks for vessel finance, but though times are difficult there will also be winners.
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NewsNavigating the Standard Terms minefield
The question of whose terms of trading apply in a contract remains one of the most common causes of dispute between commercial contracting parties.
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NewsCharterers’ Liability blowing in the wind
Charterers’ Liability insurance is an insurance designed to cover the charterer(s) of a vessel in respect of claims arising out of negligence based claims surfacing out of legal and contractual obligations and liabilities.
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NewsSecurity and guarantees for Dutch orders
It is not just technology, security is in the minds of any European investment these days, and the financial backup given by the Dutch government has helped IHC Merwede land an important Malaysian order.
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News‘Hands off UNCLOS’, Ocean Summit told
A debate on ‘Who Should Rule The Waves’ has underlined the problems with revising “the delicate balance” that the United Nations Convention on the Law Of the Sea (UNCLOS) has achieved.
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NewsGerman terminal damage could cost €15m
Defects discovered in the quay wall sheet piling at Germany’s new €1bn JadeWeserPort (JWP) Container Terminal in Wilhelmshaven will cost around €15m to repair and are expected to be covered by project insurance.
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NewsIMO head praises ‘green shipping’ progress
Koji Sekimizu, the new Secretary-General of IMO, spoke of the progress made by shipping towards greater sustainability in an interview he gave to Hamburg Fair in the run-up to the 25th SMM in September.
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NewsConstruction under scrutiny at new JWP
Defects in the quay wall sheet piling at Germany’s new €1bn JadeWeser Port Container Terminal are “regrettable but not unusual with projects of this size”.
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NewsFerry industry ‘needs special treatment’
“Regulators are very willing to listen but they need facts and figures, not sentiment, which is something our industry needs to work harder on,” said Johan Roos, Interferry’s executive director of EU and IMO affairs.
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NewsSupport boat operating costs set to rise
Vessel operating costs across the board are expected to rise by 3.8% in 2011 and by 3.7% in 2012, with lube expenditure and crew costs identified as the categories most likely to produce the highest increases.
