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London P&I Club reports another strong financial year as sustained positive performance brings greater levels of stability

London P&I Club reports another strong financial year as sustained positive performance brings greater levels of stability
The London P&I Club has today announced its financial results for 2024/25, reporting an operating surplus of US$21.3m, while also strengthening its free reserves to US$171.2m. Gross earned premium income increased 12% to reach US$159.8m. The Club’s combined ratio...
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New Tideworks Survey Reveals Need for Practical Data Accuracy and Connectivity at Marine Terminals

New Tideworks Survey Reveals Need for Practical Data Accuracy and Connectivity at Marine Terminals
A new global survey from Tideworks Technology (Tideworks), a full-service provider of comprehensive terminal operating systems (TOS), in partnership with Port Technology International (PTI), reveals key opportunities for practical, real-time and automated data...
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KR Teams Up with Leading Shipbuilders and Korea Testing & Research Institute to Develop International Standards for Ammonia Effluent Discharge

KR Teams Up with Leading Shipbuilders and Korea Testing & Research Institute to Develop International Standards for Ammonia Effluent Discharge
KR (Korean Register) has officially launched a joint working group to establish international standards for the safe discharge of toxic ammonia effluent generated from ammonia-fueled ships. The initiative brings together Korean major shipbuilders—HD Hyundai Heavy...
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Iran accuses Israel of ‘endangering’ maritime safety, violating IMO treaties

Iran accuses Israel of ‘endangering’ maritime safety, violating IMO treaties
Israel has jeopardized maritime safety by attacking Iranian energy structures along the Persian Gulf coastline, a senior government official said June 18, while accusing the Jewish state of violating several UN treaties. Since June 13, Israel has launched a series of...
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Vessels awaiting clarity before entering Strait of Hormuz: security analysts

As the conflict between Israel and Iran continued into a sixth day, vessels are increasingly waiting for instructions or at least a clearer security situation before going through the Strait of Hormuz, even though credible threats to tankers are yet to materialize,...
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IMO, ILO, ICS, ITF unite in call to protect seafarers against criminalization

IMO, ILO, ICS, ITF unite in call to protect seafarers against criminalization
Seafarers detained in connection with their professional duties must be treated fairly and with dignity, with full respect for their human rights, high level participants from the International Maritime Organization (IMO), International Labour Organization (ILO),...
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