Sponsorship: FONASBA launches the Young Ship Agent or Ship Broker Award for 2016
Following from the success of the first Young Ship Agent or Ship Broker award, FONASBA has now launched the 2016 award, which is once again generously supported by our colleagues at BIMCO and ITIC.
Press Release: October 2015 - Underwriters fall out with expert witness over valuation of fire-damaged vessel
International Transport Intermediaries Club (ITIC) has reported a case in which hull & machinery insurance underwriters instituted proceedings against a marine consultancy firm for alleged negligence in failing to properly review shipyard quotes in respect of the cost of repairing a fire-damaged vessel.
Press Release: April 2015 - Ship manager fined for breach of US sulphur emissions regulations
International Transport Intermediaries Club (ITIC) has confirmed that a ship management company has been fined over a quarter of a million dollars in connection with a breach of clean air regulations in the United States.
A consultant was contracted to carry out a spudcan penetration analysis of the seabed prior to a mobile jack-up drill putting its legs down. The analysis was not carried out effectively. The consultant advised that the rig was...
Subsea equipment design engineer
A subsea engineering company was contracted by an oil major to design a series of subsea flowlines, carrying oil and gas products from the wellhead to the riser foot. The design factored in an intended life-span of 15 years....
Incorrect vaccination certificates
A ship manager who was also providing crew to a ship arranged for the vaccination certificates to be issued to the crew. The manager did not realise that some of these vaccination certificates had been slightly altered...
Arrest order forces cruise shipowner to settle outstanding ship agency bill
International Transport Intermediaries Club (ITIC) has warned that failure to pay ship agents promptly in accordance with contractual agreements can have serious consequences for shipowners, and can potentially involve them in...
ITIC exposes real cost of crew internet access for ship manager
International Transport Intermediaries Club (ITIC) has explained how a ship manager was recently asked to pay $436,000 in communication costs as the result of an error which unwittingly allowed the crew of a ship unrestricted...
Failure to consider off-hire provision proves costly for ship manager
An indication of how parties to shipping contracts can incur substantial losses in a fluctuating market, as a result of insufficient attention to contractual detail, is provided in the latest Claims Review from the International...