Allianz: Cyber Risk, Superstorms and Economic Pressures Challenge Shipping Safety Progress

Allianz: Cyber Risk, Superstorms and Economic Pressures Challenge Shipping Safety Progress

International shipping transports approximately 80% of global trade by volume and over 70% of global trade by value. The safety of vessels is critical to the global economy. The maritime industry saw the number of total …
Mar 22, 2016 /  Curious
WATCH: Anchor loss prevention - Technical and operational challenges and recommendations

WATCH: Anchor loss prevention - Technical and operational challenges and recommendations

The root cause of many groundings and collisions, lost anchors are among the top five reasons for claims costs. A rising number of anchor losses reported over the last several years prompted DNV GL, Gard and The Swedish …
Mar 17, 2016 /  Curious
North P&I Club Publishes Major Loss Prevention Guide on Bulk Cargoes

North P&I Club Publishes Major Loss Prevention Guide on Bulk Cargoes

The 175 million GT, ‘A’ rated North P&I Club has published a major new guide for the international shipping industry on how to reduce losses when carrying bulk cargoes by sea. The 280-page Bulk …
Jan 22, 2016 /  Curious
S. Korea: Shipbuilders suffer massive losses in Q3

S. Korea: Shipbuilders suffer massive losses in Q3

South Korea’s major shipbuilders, led by Hyundai Heavy Industries Co., logged massive losses in the third quarter of the year, largely due to a series of order cancellations and a delay in the construction of …
Nov 6, 2015 /  Finance