Thome Group Wins Excellence in Maritime Services/Ship Management

The Thome Group is delighted to announce that it has won the award for Excellence in Maritime Services/ Ship Management at the Lloyd’s List Asia Pacific Awards ceremony at the Shangri-La Hotel in Singapore.

Reviewed by an independent panel of judges, the award recognised that the Thome Group had “demonstrated best ongoing commitment to the industry and had raised the standards of ship management and support in the region.”

The judges carefully considered a range of performance indicators including crew welfare, overall safety record, environmental initiatives, ship security, training, operational efficiency, cost control and a proven record of client satisfaction.

Accepting the award on behalf of the Thome Group was the company’s CEO Mr Olav Nortun who commented;

“Winning this award is the icing on the cake for all the dedication and hard work of our employees around the world. It is a great endorsement of our crew welfare programmes, training courses, environmental initiatives and cost efficiency drives to make sure our services offer the best value for money for our clients without compromising on safety.  I would also like to sincerely thank our principals and close partners for their continued trust and close collaboration.”

He was also grateful for the hard work of the independent panel of judges and recognised the tough decisions they had to make in choosing the winners. He felt humbled in receiving the award among such a strong list of nominees.

 

Britannia returns more funds to Members and moves away from a General Increase

 

The Britannia Steam Ship Insurance Association Limited declares a USD15 million capital distribution to its mutual Members

 

Highlights

  • Britannia remains in robust financial health, allowing a further capital distribution of USD15 million to be paid to P&I mutual Members
  • Going forward, Members’ renewals will be underwritten on their individual records, with Britannia moving away from the concept of a General Increase (GI) for both P&I and FD&D

 Overview

In August 2019, S&P re-affirmed Britannia’s A (stable) rating with capital well above the AAA level and an ‘exceptional’ liquidity rating.

However, the 2018/19 policy year was challenging, with lower than projected investment returns and claims being higher than expected.  Claims continue to be high, in particular those in excess of USD1 million.  In addition, all insurers in the P&I sector have seen rates declining, with Britannia anticipating an underwriting deficit for the current policy year, with an expected combined ratio of 108%.

Read more

KVH Announces KVH Elite, Unlimited VSAT Streaming Service for Yachts

Premium service features dedicated bandwidth to deliver unlimited HD-quality streaming onboard yachts

MIDDLETOWN, RI – October 9, 2019 – KVH Industries, Inc., (Nasdaq: KVHI), announced today that it is introducing KVH Elite, a premium unlimited VSAT streaming service delivering HD-quality, dedicated bandwidth to yachts in selected geographic regions. The new KVH Elite streaming service is launching in November 2019 from Florida through the Caribbean, including the islands of the eastern Caribbean, with the Mediterranean expected to follow in 2020. This service, which is part of KVH’s fully global mini-VSAT BroadbandSM HTS network, is designed for maximum coverage, maximum data speeds, and a premier user experience for simultaneous streaming.

KVH Elite enables users onboard to use their favorite apps for streaming popular HD movie and TV content, music, and more, on an unlimited basis in that there are no overages or data limits. The streaming service uses KVH’s award-winning VSAT antenna systems—the 60 cm diameter TracPhone® V7-HTS and the 1 meter diameter TracPhone V11-HTS—and is designed for ease of use, with simple over-the-air activation that does not require any hardware changes to the antenna system or its belowdecks control unit. Yachts currently using the V7-HTS or V11-HTS are KVH Elite-ready for activation.

“The yachting market, particularly at the highest level, is seeing an incredible demand for VSAT connectivity,” says Mark Woodhead, KVH executive vice president for mobile connectivity. “When you are on a yacht, you expect to be able to stream movies and other entertainment content just like you do at home. Our new KVH Elite unlimited streaming service is one more example of how KVH’s premium VSAT connectivity can enhance the yachting experience.”

KVH Elite is available as a weekly or monthly airtime plan, and seamless access to the service will be managed by KVH Superyacht Group. The ease of access makes the service ideal for yachting adventures, sportfishing charters, special events held on yachts, and more, on an on-demand basis. Yachts enjoy their selected High-speed and Unlimited Use data plans and the benefits of KVH’s global HTS service when not in the KVH Elite streaming regions.

Read more

Britannia P&I: Added Strength In Singapore

Britannia P&I’s Managers, Tindall Riley, adds four new colleagues to their Singapore team.

This expansion reinforces Britannia’s strategy of developing its regional hubs, bringing service closer to Members.  TR(B) Singapore was established in September 2018 (taking over from the former exclusive correspondent of almost 20 years) and Britannia’s Singapore branch licence was granted in February of this year.

FRANCIS CHURCH, having moved moving from the Managers’ London office, joins as a regional underwriter.

DAPHNE CHUA, a 4 years PQE Singapore lawyer, joined the team in July to support P&I and FD&D service.

JACOB DAAMGARD, a dual qualified deck and engine room mariner, has also moved from the Managers in London to lead Britannia’s regional Loss Prevention activities.

KATHERINE LEE, a compliance expert, joins as Compliance Officer for the Singapore branch.

Read more

Indian Register of Shipping (IRClass) strengthens South Asia presence with new office in Bangladesh

MUMBAI, 01 October 2019 – Leading classification society, the Indian Register of Shipping (IRClass), recently celebrated the opening of its Bangladesh office with an inauguration event.

The event, held at Hotel Agrabad, was attended by members of the regional shipping fraternity including shipping companies, shipyards, ship recycling units, ship design companies, flag administration and various service suppliers. Representatives from the Indian High Commission were also present to grace the occasion. IRClass now has an office in Dhaka and representative office in Chittagong with both offices having qualified local surveyors to provide value added services to Bangladesh based clients.

In his opening address, Mr. Amit Bhatnagar, Senior Principal Surveyor & Vice President, IRClass, extolled the close relationship between classification societies and the industry. “IRClass will continue to work closely with the industry to help our clients develop practical and cost-effective solutions that meet their requirements”, said Mr. Bhatnagar. “We are excited to be a part of the vibrant maritime ecosystem in Bangladesh and we look forward to forging new relationships and renewing existing ones. We also look forward to working with ship recycling yards that have approached IRClass for certification under the Hong Kong Convention.”

Read more