Tag: safety culture

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KfW joins ship recycling initiative

KfW IPEX-Bank became the first German bank to join the initiative "Responsible Ship Recycling Standards". This initiative aims to include scrapping clauses in accordance with international standards into loan agreements, and wants shipping companies to provide at least the minimum standards of occupational safety and environmental protection when scrapping their ships

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Loss prevention begins and ends with ensuring crew competency

Commitment to crew competency is vital for the retention of seafarer’s skill sets and employment, at a time when financial pressure impacts safety. Dr. William H. Moore, Senior Vice President of Loss Prevention, The American P&I Club, discusses about Club’s initiatives for addressing crew competency and assurance and supporting Members in identifying and managing holistic risks to safety from both shore-based management and shipboard operational perspectives.

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The importance of due diligence for ships safety

A recent UK court decision has concluded that cargo insurers are not liable for general average contributions as the owner failed to exercise due diligence, leading to the breakdown of a vessel’s main engine. This decision reminds shipowners and operators of the importance of due diligence to make a vessel seaworthy and the importance of providing evidence of exercising this due diligence.

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