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London P&I Club sets rate increase

November 5 - The London based P&I Club a protection and indemnity mutual, has set a general increase of 12.5 percent in annual P&I call rates for the 2013/14 policy year.

Commenting on the background to the decision, Ian Gooch, ceo of the Club's management team, says, "Claims for the current policy year show some encouraging signs, especially at the attritional level, where increased deductibles seem to be playing a part."

He observed: "Although claims in the highest band - in excess of USD1 million - are running at a moderate level, this band is volatile and has been very expensive in other, recent years.

"Overall, there remain clear signs of a strong inflationary trend, particularly in the cost of individual larger cases. The claims picture there is extremely unfavourable, both in terms of claim frequency and average claims severity."

www.londonpandi.com

Heavy Lift | News

Buss launches JV with Idea thumbnail image

Buss launches JV with Idea

June 14 - Hamburg-based Buss Offshore Solutions and French logistics provider Idea established a joint venture that will serve the offshore market in France.
Views: 501
ALS moves in Hull thumbnail image

ALS moves in Hull

June 14 - UK-headquartered Abnormal Load Services (ALS) is relocating to larger premises in Hull.
Views: 475
Seville ships Haliade towers thumbnail image

Seville ships Haliade towers

June 14 - Tower sections that will make up General Electric’s (GE) Haliade-X offshore wind turbine have been loaded onto the multipurpose vessel Palmerton at the port of Sevilla, Spain.
Views: 504
Gantry on the move thumbnail image

Gantry on the move

June 13 - Collett & Sons loaded a 100-tonne gantry onto double bogie trailers ahead of a 250 mile (402.3 km) journey from the heavy haulier's depot in Goole to Gatwick, UK.
Views: 526

Heavy Lift Across The World

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