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The Standard Club Asia Ltd and Ping An Property & Casualty Insurance Company of China, Ltd collaborate to underwrite P&I risks for world’s second-largest shipowning country

The Standard Club Asia Ltd (“Standard Asia”), managed by Charles Taylor Mutual Management (Asia) Pte Ltd, yesterday entered into a co-operation agreement with Ping An Property & Casualty Insurance Company of China, Ltd (“Ping An P&C”), a subsidiary of the Ping An Insurance (Group) Company of China, Ltd (“Ping An”). Under the terms of the agreement, Standard Asia and Ping An P&C will jointly offer Protection and Indemnity (P&I) cover to China’s rapidly-growing shipowning sector, with a focus on owners undertaking ocean-going voyages.

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Quay crane risks – same old same old

You may think it is Groundhog Day again. TT Club has been highlighting the issue of the boom of a quay crane colliding with a ship for many years. However, it is frustrating to note the continued regularity of this type of incident.

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Fender damage

Many factors can contribute to an unsafe berth, but a common focus after any berthing incident is whether the fenders were safe and fit for their intended purpose at the material time. Fenders have a simple remit: they should prevent the immovable object (the berth) from succumbing to the irresistible force (of the ship) without damage to either.

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The Standard Club Withdraws From Underwriting At Lloyd’s

The Standard Club (‘the club’), the world’s fourth largest P&I club, has today announced that it is withdrawing from underwriting at Lloyd’s from 2019. The club established a syndicate in 2015 to underwrite marine and energy risks. It represented one strand of the club’s broadly-based strategy to provide its members with a wider range of insurance covers to meet their needs and diversify the club’s source of revenues.

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Clearwater works with Norway’s maritime war risk insurance club (DNK) to develop ground-breaking digital solutions for maritime insurance market

UK-based technology company, Clearwater Tracking, has teamed with DNK (Den Norske Krigsforsikring for Skib), the Norwegian maritime war risk insurance club, to provide DNK members with a state-of-the-art hardware and software solution that enables near real-time monitoring of ship positions and breach reporting, all fully integrated into the Clearwater Portal.

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