Steamship Mutual P&I Club announced the Hong Kong Insurance Authority has formally authorized the Club to establish a branch in Hong Kong from Aug. 17, 2018. Steamship Mutual said it is the first P&I Club to gain authorization from the …
British ship insurer Steamship Mutual plans to set up a new Dutch subsidiary to ensure continued access to trade in the European Union in case Britain loses single market access. “We are about to apply for a license to establish …
The crew of an Iranian oil tanker set ablaze at the weekend following a collision could still be alive, the vessel’s owner said, calling on the Chinese authorities working at the scene to prioritize a rescue attempt. “We are still …
The reluctance of foreign banks to deal with Iran could complicate any compensation payments resulting from the collision last week of an Iranian oil tanker and a Chinese cargo ship, sources say. The tanker Sanchi, carrying 136,000 tonnes of highly …
Steamship Mutual, the London-based protection and indemnity (P&I) club, announced it has been granted a license to operate as an insurer from its Singapore branch office. “This is a reflection of the club’s commitment to vessel owners and operators from …
Western insurers are slowly reaching deals with Iran as they seek to re-enter a multi-billion dollar market although the pace of business is hampered by banking restrictions 10 months on from the lifting of international sanctions. Shut out of international …
The Directors of the London-based Steamship Mutual P&I Club “recently reviewed the Club’s open policy years, as well as claims in earlier years, and considered the premium ratings required for the 2012 policy year,” said an announcement from the Club. …
London-based Steamship Mutual, a leading P&I Club, announced the imminent launch of its latest Loss Prevention DVD entitled “PIRACY – The Menace at Sea”. The Club described the current piracy situation as a “wholly unacceptable threat to merchant shipping and …
Steamship Mutual, a London-based global P&I (Protection & Indemnity) Club, announced that “during the 2010/11 financial year the Club’s underwriting performance has continued to strengthen and it has made good progress towards meeting its financial objectives.” The bulletin noted that …
