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Articles for October 2016
Ports at risk from black swans
Liz Booth takes a look at a new report on the risk of a black swan event severely disrupting port activity, leading to significant business interruption for the whole marine transport chain
Safety issues under spotlight
Carl Durow, of the London P&I Club, takes a look at some recent safety issues concerning the operation of ships
Arctic casualties on rise
Inna Van Spriel, of Skuld Oslo 2, reports on increasing number of casualties in Arctic waters despite vessel numbers falling
Buyer (and seller) beware
Charles Fernandez, of Sompo Canopius, warns of some of the pitfalls of insuring vessels as they head to the scrapyard
Handling of dangerous goods in global trade
Peregrine Storrs-Fox, of the TT Club, is concerned a lack of emphasis on the safe handling of dangerous goods, epitomised by the dramatic explosion in the Chinese port of Tianjin last year, is leading to increased risk in global trade
Underperformance results in risk assumption
Catherine Baddeley, of Clyde & Co LLP, reports on the Coral Seas case in which owners were liable for underperformance despite compliance with charterers’ orders
Ports at risk from black swans
Liz Booth takes a look at a new report on the risk of a black swan event severely disrupting port activity, leading to significant business interruption for the whole marine transport chain
Hanjin insolvency set to be significant event for market
Craig Neame, George Eddings and Matthew Wilmshurst, of Holman Fenwick Willan, look at the latest developments as Hanjin Shipping Co files for insolvency protection in the South Korean courts
Best practice at sea – the role of risk assessors
Stuart Edmonston, of the UK P&I Club, explains the role of risk assessors and identifies some of the key issues they highlight aboard ships
Marine market premiums down in 2015
At the annual International Union of Marine Insurance conference, the marine market heard the sluggish global economy is taking its toll in the marine space. Here, we report on news from the event