Shipowners’ Club returns overall surplus despite rise in incurred claims

Mutual marine liability insurer The Shipowners’ Club has reported a 4.5% increase in tonnage to 16.6m tons gross for the year to the end of February, with over 28,000 vessels entered. Gross premiums were up 4.5% to $174.2m. The club experienced a 38% increase in the value of claims incurred but said the 2009 policy […]

Sollid steps up at Ulstein Design & Solutions

Frode Sollid has been appointed design manager for offshore support vessels at Ulstein Design & Solutions. Mr Sollid has worked at Ulstein Verft since in 1989, initially as a senior designer/coordinator in the electrical engineering department and since 1999 as area manager electro at Ulstein Design & Solutions.

Confidence continues to improve in shipping

Confidence in shipping has risen again over the last quarter, reaching levels not seen since the record 6.8 level seen in May 2008, according to leading shipping and insurance adviser, Moore Stephens. In its latest survey, the City of London-headquartered firm says the average confidence level, on a scale of 1 to 10, was 6.3, […]

Wärtsilä technology to be used on Chinese 38,000 tonne heavy-lift vessel

Wärtsilä has signed a contract with China’s Zhejiang Share-ever Business Co to deliver a ship power system for a 38,000 tonnage semi-submersible heavy-lift vessel. The 38,000 tonne self-propelled semi-submersible vessel, 195m long and comprising a width of 41.5m, will be deployed mainly for the loading and transportation of equipment including platforms and steel structures for […]