The latest must-have for commercial shipowners: a piracy insurance policy
cargo
A risk consultancy with close ties to the Lloyd’s insurance market is offering the world’s first insurance policy for shipowners covering potential ransom payouts on crew members who have been kidnapped.
Kidnap and ransom insurance is well-established but has traditionally been offered only in respect of individual executives working in commercially sensitive [...]
Exxon Valdez Put to Rest
valdez
The most anticipated maritime law decision in recent years has been the decision in June 2008 by the U.S. Supreme Court that reduced the award of punitive damages against Exxon from $2.5 billion to $500 million. After nearly 20 years of litigation against Exxon and the captain of its vessel, the case is finally at [...]
Fairplay and Multraship Join Forces.
Dutch towage and salvage specialist Multraship and Hamburg-based Fairplay Towage have joined forces to create a platform for expansion.
Under the agreement Fairplay BV, the Dutch arm of the Fairplay group, will take a 50 percent shareholding in Muller Maritime Holding, the holding company for Multraship. The two companies joined forces in order to strengthen their [...]
