Insurance, Legal & Finance – Page 3
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NewsFunding package to build renewables fleet
North Star Renewables has finalised a funding package of £96 million to build its new renewables vessel fleet.
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NewsFirst sustainability report
The oldest P&I Club in the world has published its first sustainability report.
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NewsArtificial intelligence reducing marine insurance costs
Imagine a world where a vessel or vessel operator’s patterns of behavior observed in real time can influence future insurance premiums.
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NewsA year in jail for COLREGS violation causing three deaths
A commercial vessel’s skipper has been convicted after passing too close to a small motor boat off the coast of Sussex, UK capsizing it and leaving three men dead.
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NewsFinally, clarity for COLREGs at UK Supreme Court
When a large container vessel and a VLCC collided, the bump was felt in more ways than one: this was the first ever collision appeal to come before the UK’s Supreme Court, with significant implications for COLREGs.
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NewsContinued growth for marine insurer
One global marine insurer has reported continuing growth in its diversified business lines and solid progress in raising premiums to reflect market conditions.
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NewsInsurance fund to accelerate ocean energy
A new European insurance fund for the ocean energy sector is being designed to slash the costs of the first commercial projects and accelerate the roll-out of the industry.
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NewsPartnership enables digital payments
A new partnership will enable the introduction of digital payment solutions for crew wages.
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NewsThe long read: Analysing the container loss problem
With the number of major container losses at sea seemingly on the rise, International Marine & Cargo Surveyors Battermann + Tillery Group have provided this useful guide.
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NewsP&I appointment
North P&I Club has elected James Alexander Tyrrell as its new chair of the board, and also sees Ioanna Procopiou become the Club’s first female vice-chair.
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NewsMarine insurance cost to rise
Both The Swedish Club and the North P&I Club have declared cost increases following challenging market conditions.
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NewsNorwegian state backing for loans at Dogger Bank
Dogger Bank offshore windfarm partners Equinor and SSE Renewables recently reached Financial Closure on the first two phases of the development.
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NewsSeeking maritime insurance innovators
In a new challenge, UKHO is looking for participants to identify, trial and prove how its marine geospatial data can be used to enhance maritime insurance products.
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Legal adviser
The International Salvage Union’s (ISU) long-standing legal adviser, Rob Wallis, consultant to, and former partner of international law firm, Hill Dickinson, is to retire from the position in early 2021. The Executive Committee of the ISU has selected Richard Gunn, partner of international law firm, Reed Smith LLP, to take ...
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NewsMyton Law advises on GB£3m contract
Specialist shipping, rail and logistics firm Myton Law has advised a UK boat builder on a vessel build and export contract with an Irish fishing company worth over GB£3m.
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NewsBank loan keeps firm afloat during COVID-19
One manufacturer of instruments for the marine industry has secured a bank loan to help it trade through the COVID-19 pandemic.
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Law firm advises on sale of half a nation’s fleet
Law firm HFW has recently advised Swiss shipowner Massoel Shipping SA on eight separate vessel sale transactions, representing 40% of all Swiss-flagged commercial maritime vessels.
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NewsMaritime cyber threat insurance
A new insurance services business has been launched to protect maritime companies from cyber threats.
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German shipbroker expands into corporate finance
A worldwide consultancy and specialist shipbroker for offshore renewable energy projects, Global Renewables Shipbrokers, is now venturing into the field of project investments and corporate finance.
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Senior underwriter appointment
P&I club The West has announced that Sumit Madhu will join the Club’s London Underwriting Team as a Senior Underwriter on Tuesday 14th April.
