Tag: IUMI

Two recent onboard containership fires have fueled concerns from IUMI over the challenges involved with managing these incidents at sea. IUMI is well aware of the SOLAS regulations but is calling for further dialogue involving IMO, class, shipbuilders and shipping companies

The International Union of Marine Insurance (IUMI) strongly supports the new mandatory requirement and adoption of the amendment to SOLAS regulation V1/2 for the verification of the gross mass of packed containers (resolution MSC.380(94)), which comes into force on 1 July 2016.

IUMI has welcomed the revised York-Antwerp Rules (YAR 2016) which were recently adopted by the Comité Maritime International at its conference in New York.

IUMI is calling for vessel owners and technical managers to make records available when a ship changes owner

The International Union of Marine Insurance (IUMI) issued its latest edition of the informative "IUMI Eye" including abstract from Nick Gooding's speech (FCII, IUMI Alternate Officer at the IMO) on cyber security presented at the Insurance Sweden Conference on 6 May 2015, in Stockholm.

IUMI issued its latest edition of the informative "IUMI Eye"

IUMI Analysis on Cargo Statistics

IUMI Analysis on Mobile Offshore Drilling Unit Statistics

IUMI Statistics report growth in fleets

IUMI Spring Statistics report on three key sectors : hull, cargo and energy The International Union of Marine Insurance (IUMI) has released its Spring Statistics which report on three key sectors:1. Hull Hull losses show a general downward trend in total loss frequency for most vessel types. The frequency of total loss since 1997, as a percentage of the world fleet, continues to decrease and has more than halved by both the number of vessels and tonnage. However, an overall increase in percentage of the frequency of heavy weather and grounding related total losses is reported. PA casualties also reduced year-on-year during the period 2007-2014. Groundings are reported as being a significant cause of this type of casualty.2. CargoCargo market statistics indicate the global economy is continuing to recover, although it remains volatile and uneven, and there has been a recent slowdown in key emerging markets such as China, Brazil and parts of Europe. Despite this continued recovery, inflation is likely to remain a factor due to the extent of economic slack in the major economies and the short term market interest rates continuing to be very low.Oil and gas prices have fallen sharply due to slower growth in key ...