Singapore Ship Arrest

PMSC Insurance Concerns Raised

In the wake of the IUMI Conference, Lloyd’s List has raised the spectre of insurance cover becoming invalidated in West Africa if armed guards do not have contractual liability insurance. West of England P&I Club deputy director Chris South has spoken on…

Read More

Broking Success

Seacurus Ltd, a leading marine insurance broker and part of the Barbican Group, has been awarded the ‘Broking Initiative of the Year Award’ at the Insider Honours 2013 – the (re)insurance and global specialty awards. The award recognises Seacurus’ innovative…

Read More

Merging Discussions

Two long-established international marine insurance business based in the North East of England are discussing a possible merger. Newcastle-upon-Tyne’s North of England P&I Association (North), the world’s second largest mutual liability insurer for shipowners, and Durham’s Sunderland Marine Mutual Insurance…

Read More

Dr Peters Prescription

Insolvency proceedings have hit 14 single-ship KG companies associated with the German concern, Dr Peters. The procedures lodged against Dr Peters in the Hamburg district courts prompted seven funds to go bust last week, and a further seven have now joined the hundreds of others…

Read More

Bad Times Mean Good Business

With banks seemingly in a mood for foreclosing on vessels, the effect of Basel III on the balance sheet is starting to bite and ship arrests are the order of the day. Places such as Rotterdam which has become the European hotspot for vessel arrests…

Read More

Jail for Concordia Crew

Four crew members of the Costa Concordia and a company official were sentenced to jail on Saturday for their part in the 2012 cruise ship disaster that killed 32 people, leaving only the captain still on trial. In exchange for…

Read More

BIMCO Piracy Clauses

BIMCO has announced revised edition of Piracy Clauses which first issued in 2009 have been published. The 2013 editions of the Piracy Clauses for Times Charter Parties, Single Voyage Charter Parties, and Consecutive Voyage Charter Parties and COAs are now…

Read More

Small Debt Big Problem

A ship has been arrested and held in Singapore for the want of a measly S$9,000 ($7,048.8) – causing surprise and concern in equal measure. The Wisdom Marine general cargoship vessel Genius Star II was arrested over the claims for unpaid invoices for…

Read More