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    lessons learned

    Lessons learned: ENCs can be inaccurate for many reasons

    lessons learned Nautical

    Lessons learned: Crew should be aware of the most efficient fire fighting methods

    ITF recovers multi-million sum of owed wages

    ITF recovers multi-million sum of owed wages

    Houston Ship Channel

    Houston Pilots: Vessels must override their power limiter to avoid navigational risks

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    Always do what your gut tells you: Keep it healthy

    Always do what your gut tells you: Keep it healthy

    Book Review: A role model for ship managers

    Book Review: How we perceive and deal with luck in life and business

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    MOL receives one of the largest LPG/ammonia carriers in the world

    MOL receives one of the largest LPG/ammonia carriers in the world

    Port of London welcomes world’s first green methanol container vessel

    Port of London welcomes world’s first green methanol container vessel

    New solid oxide fuel cell (SOFC) to be installed on chemical tanker

    New solid oxide fuel cell (SOFC) to be installed on chemical tanker

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    Just in Time Platform effective from October in Singapore

    Two COSCO companies issue their first electronic bills of lading

    Two COSCO companies issue their first electronic bills of lading

    Jotun Hellas pioneers vessel maintenance and safety with novel Aerial Drone Inspection Service

    Jotun Hellas pioneers vessel maintenance and safety with novel Aerial Drone Inspection Service

    IUMI explores the implications of digitalization on marine insurance

    IUMI explores the implications of digitalization on marine insurance

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    nord stream

    Baltic Exchange: Maritime market highlights 25 – 29 September

    Port of Tanjung Pelepas

    Port of Tanjung Pelepas joins decarbonisation scheme

    10 trends influencing global commercial shipping

    UNCTAD: Global facts and figures that shape maritime transport

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    AD Ports, Karachi Port Trust sign MoU to develop terminal infrastructure

    Decarbonising UK freight: the UK coastal shipping opportunity

    Gard Club: Industry needs to mature and learn from incidents and human errors

    Gard Club: Industry needs to mature and learn from incidents and human errors

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    Tokyo MOU: Fire Safety is one of the most frequently detainable deficiencies

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SAFETY4SEA

IUMI: Loss prevention keeps up with marine industry change

by The Editorial Team
September 22, 2022
in Loss Prevention
tianjin port

Credit: Shutterstock

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Loss prevention strategies for wind powered and unmanned vessels, new cargoes such as electrical vehicles have quickly moved “out of the laboratory and in the real world,” says IUMI’s Loss Prevention Committee chairperson Pascal Dubois.

Speaking at the International Union of Marine Insurers (IUMI) annual conference in Chicago, he told delegates that the collaboration and detailed work undertaken by the marine insurance industry over the past three years are quickly resulting in improvements to operating and safety practices.

Two years ago wind powered and unmanned vessels were concepts. Now they are being found in the real world. The marine industry is going through a wave of change and continues to be supported by carefully considered and practical loss prevention practices. As an industry we have collaborated well, sharing data and best practices with all stakeholders

said Mr. Dubois, before adding that “it is vital that the marine insurance community continues to leverage new technologies to further improve loss prevention processes, particularly in addressing evolving risks such as climate impacts and changing industry regulation. Good loss prevention is good for business: it helps marine underwriters achieve higher levels of efficiency and profitability.”

Furthermore, he cited the example of the work undertaken by the insurance community to support the movement of grain out of Ukraine in very challenging circumstances as an example of how loss prevention strategies can be quickly developed and adopted.

RelatedNews

WSC introduces screening processes to improve cargo safety

Gard Club: Industry needs to mature and learn from incidents and human errors

Thanks in part to the sharing of best practice, a grain corridor has been opened which has allowed vessels to trade as safely as possible through mined waters

In a separate move, IUMI’s Loss Prevention Committee announced the creation of a working group to provide loss prevention guidance for flexitanks. Flexitanks, which are used to carry non-dangerous bulk liquids within a standard box container, offer an alternative to ISO tank containers and their use has grown six-fold since 2009 to around 1.5m movements per annum.

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