WMU and AHHIC sealed their cooperation in marine insurance

The World Maritime University (WMU), founded by the International Maritime Organization (IMO), has widened its focus to include the marine hull and machinery insurance sector for the first time, thanks to a new cooperation with American Hellenic Hull Insurance Company (AHHIC). On the occasion of Maritime Cyprus 2019, hosted by the Deputy Ministry of Shipping […]

IBM joins Mayflower Autonomous Ship project

IBM announced today (Wednesday) that it has joined a global consortium of partners, led by marine research organisation ProMare, that is building an unmanned, fully-autonomous ship that will cross the Atlantic on the fourth centenary of the original Mayflower voyage in September 2020. The Mayflower Autonomous Ship (MAS) will use IBM’s servers, AI, cloud and […]

Listening across generations

GAC has tapped into the psyche of its younger generation of employees to understand the issues that will drive growth and sustainability in the future. The GAC Millennials Ideas Forum was held in Dubai in late September when 21 millennials selected from across the globe came together to identify their big issues and provide insights […]

Britannia returns more funds to Members and moves away from General Increase

The Britannia Steam Ship Insurance Association Limited has declared a $15 million capital distribution to its mutual Members. In August 2019, S&P re-affirmed Britannia’s A (stable) rating with capital well above the AAA level and an ‘exceptional’ liquidity rating. However, the 2018/19 policy year was challenging, with lower than projected investment returns and claims being […]

Schulte Group cements commitment to Cyprus’ maritime cluster with upgraded premises for BSM’s Maritime Training Centre Cyprus

The Schulte Group and the Cyprus Ports Authority signalled a new chapter in their 47-year-long partnership during the inauguration ceremony of the new façade of the BSM Maritime Training Centre Workshop Training Facility. Held in conjunction with the recently concluded Maritime Cyprus Conference on 7 October 2019, the inauguration ceremony was officiated by Yiannis Sykas, […]