Marine insurers feel the pressure

As reported on line earlier this month, Lloyd’s Register (LR) has published a new pocket guide to help ship owners and operators understand the importance of professional maintenance and survey preparation for marine lifting appliances.

The boom in the container trades is showing no sign of subsiding as shipowners continue to enjoy record earnings. The liner shipping industry can expect 2004 to be a “banner year,” with 2005 also looking strong, according to Drewry Shipping Consultants. In its annual container market review and forecast issued in October, the consultancy said it expected the China-driven container boom to continue. Further, it predicts world trade growing by more than 11 per cent and the total volume of containe

A claims mediation centre opened in October in the Lloyd’s building, to provide the London insurance market with direct access to a central resource for solving problem claims.