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Marine insurers welcome new ICS position on arming ships

February 22 - The International Union of Marine Insurance has welcomed the announcement by the International Chamber of Shipping that it is now taking a more neutral position on the use of private armed security personnel onboard ships to protect them fro

Last week ICS chairman Spyros Polemis said: "ICS has had to acknowledge that the decision to engage armed guards, whether military or private, should be made by the ship operator after due consideration of all risks, and subject to approval of the vessel's flag state and insurers."

IUMI says this is in line with the position it announced in January, saying that it was up to individual insurers whether to provide cover for ships and operators if private armed guards were employed on board.

Ole Wikborg, the Oslo-based president of IUMI, said: "We anticipate that more industry organisations will go down this route as the problem escalates. Frustrated by the weak resolve on the part of governments and international agencies to take effective action to stop the piracy juggernaut in the Gulf of Aden and the Indian Ocean, the shipping industry is now reaching a point where it must take decisive - and, if necessary, deadly - action at sea to end this huge and dangerous business.

"At a time when the industry is struggling against weak freight markets and other adverse factors such as sanctions, it cannot afford to bleed more money from pirate activity, nor to see an increasing number of vessels and their cargoes captured. That goes for insurers too.

"Above all else, the fact that more than 700 seafarers are being held hostage, many for very long periods, and that attacks on ships are becoming more violent, must surely tip the scales in many cases where shipowners have to make painful decisions."

Heavy Lift | News

Fitzgerald returns to Crowley  thumbnail image

Fitzgerald returns to Crowley 

February 21 - Crowley Maritime Corporation has appointed Ray Fitzgerald as its chief operating officer, effective March 1. 
Views: 264
KENC completes engineering scope for Jumbo thumbnail image

KENC completes engineering scope for Jumbo

February 21 - The Netherlands-based KENC Engineering has collaborated with Jumbo to prepare the heavy lift vessel Fairplayer for an FPSO installation project offshore Brazil. 
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