Insurance, Legal & Finance – Page 10
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NewsA clear stance on fraud
Dishonesty, even if it ‘stretches’ the truth, will mean forfeiting the whole claim as a recent insurance case found.
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Life ashore is becoming tougher
Seafarers are amongst the most heavily regulated working sector in the UK with up to five governmental agencies dedicated to enforcing law and prosecuting criminal acts and while life at sea can be tough, life ashore is becoming tougher.
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NewsTMG expands
US headquartered The Maritime Group (TMG) has expanded with a new expert witness and litigation service as well as a fresh focus on accident investigation and security solutions.
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Dutch test case
Rotterdam law firm AKD says a recent decision of the Dutch courts means that shipyards in The Netherlands may no longer be able to rely on the right to retain a vessel while awaiting payment for work done. As a result of this unexpected decision, shipyards could be forced to ...
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NewsFinancing wind vessels
It has been announced that Active Communications International’s ‘Operating Specialist Wind Vessels Summit 2015’ will include three specific modules covering finance & contract options for offshore wind vessels.
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Confidentiality agreement warning
UK-based marine insurer ITIC has advised shipbrokers, consultants and other advisers not to sign confidentiality agreements which restrict their ability to do business.
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NewsScottish expansion cash
Ayrshire, UK-based marine operator, Maritime Craft Services (Clyde) Ltd has further expanded its fleet of vessels and workforce following new funding from Clydesdale Bank. The package, which includes £10m of new support, has helped MCS expand its existing fleet which now consists of 21 crew transfer vessels, tugs and workboats ...
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NewsInsurers’ shipyard familiarisation
Damage encountered in marine losses came into sharp focus recently when Braemar (Incorporating The Salvage Association), referred to as Braemar SA, welcomed an invited group of marine insurance professionals onto its specialist port and shipyard familiarisation course in Falmouth, UK, designed to introduce participants to the technical aspects of marine ...
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Navigation equipment caught up in legal storm
A maritime law firm is investigating the legal implications of navigation equipment affected by solar storms.
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NewsCornerstone investor for Tidal Lagoon Swansea Bay
Prudential has been named as the cornerstone investor in Tidal Lagoon Swansea Bay, making it the fifth UK insurance company set to invest over the next four years.
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NewsEIA consent deferrals
In the UK a number of coastal development projects require consent from the Marine Management Organisation (MMO) as well as terrestrial planning permission from the local planning authority. However, thanks to a process known as ‘Regulation 10 deferral’ the process can be significantly simplified. We spoke to Andrew Oldland QC, ...
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National Single Window
The European Commission has adopted a directive to ensure that by June 2015, vessels arriving or departing EU ports will have to provide required information electronically via one single entry point – the National Single Window.
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ERP rollout at Gibdock
Gibraltar-based ship repair yard Gibdock has invested in an automated and harmonised estimating, quotation, specification and invoicing system. The state of the art Microsoft Dynamics AX Enterprise Resource Planning (ERP) system overarches the yard’s finance, stock management, project management and HR systems. It is part of a strategic back-office upgrade, ...
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Rights for renewables
The renewable energy team from Burges Salmon have assisted in securing seabed rights for a total of four wave and tidal energy zones for their clients Minesto and Wave Hub in a leasing process managed by The Crown Estate.
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NewsNew marine division for Henderson
Henderson Insurance Brokers has set up a new marine division as the UK maritime and ports sector continues to grow. Building on the company’s existing marine client base, the new division is already proving successful, having won new insurance work for ports, workboats, the movement of goods, and storage of ...
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Williams Shipping reaches for the sky
Williams Shipping has acquired a new 100 tonne crawler crane with a boom of 42 metres. The crane operates out of the Marine Base in Southampton (UK) Eastern Docks and will typically carry out lifts of up to 50 tonnes.
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NewsEducating the industry about marine insurance
The Swedish Club has seen the successful conclusion of its latest Marine Insurance Course held in Gothenburg, with a packed programme of discussions, seminars and speeches from industry experts in marine insurance.
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NewsFitter crews and fewer claims
The UK P&I Club’s Pre-Employment Medical Examination Programme, a leading scheme for assessing the fitness of prospective seafarers, has just completed its 300,000th examination.
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Expansion into the shipping market
Leading employment law specialist Brahams Dutt Badrick French LLP (BDBF) has appointed a senior employment lawyer with expertise in the insurance and shipping industries in order to expand its portfolio of clients in the sector.
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Maritime industry law conference
City University London in the UK is hosting a conference about the future of law and policy in the maritime industry.
