Latest news from Heavy Lift & Project Forwarding International Magazine

Steady sailing for London P&I Club

May 16 - During its 2013/14 financial year, the London P&I Club generated an overall surplus of USD6.6 million, increasing its free reserves to USD160.6 million.

London P&I Club explained that there was an increase in P&I costs within its retained layers in the financial year, driven by an increase in the cost of claims in the higher severity band. This overshadowed an encouraging return for claims in the lower severity layer.
 
It reported a reduction in the level of claims involving the International Group Pool in comparison to the high levels seen in 2011/12 and 2012/13, although the cost remained relatively high.
 
In the 2013/14 year the London P&I Club achieved a return on invested assets and cash of USD24.4 million, or 7 percent, reflecting a positive performance across each major asset class. It also saw steady growth in the entry of ships with the club, from new and existing members.

 
www.londonpandi.com

Heavy Lift | News

Blue Water Shipping opens in Trinidad thumbnail image

Blue Water Shipping opens in Trinidad

February 26 - Blue Water Shipping will open an office in Trinidad & Tobago to service the growing oil and gas sector in the Caribbean and the north-eastern region of South America.
Views: 137
LOC lands LNG Canada deal thumbnail image

LOC lands LNG Canada deal

February 26 - LOC Group has signed a multi-year contract with LNG Canada to provide marine warranty surveyor (MWS) services and vessel quality assurance at the project in Kitimat.
Views: 154
DSV Panalpina opens China link thumbnail image

DSV Panalpina opens China link

February 26 - DSV Panalpina has started operating a Boeing 747-8 freighter three times per week, east and westbound, between Huntsville, Alabama in the USA (HSV) and Shanghai (PVG) to cope with capacity constraints caused by the coronavirus outbreak in China.
Views: 104
BATI ships to Doha thumbnail image

BATI ships to Doha

February 26 - Turkey-headquartered BATI Shipping & Trading has moved two yachts from the port of Izmir to Doha, Qatar.
Views: 86

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