Insurance Premiums
GPLink is Now NMEA 2000 Compatible
gplink is a remote monitoring and notification system that utilizes a worldwide network of GSM and low orbit satellites to transmit data and stats about a vessels' propulsion systems in near real-time. Previously only available on larger inboard yachts and commercial vessels, the technology now connects to any NMEA 2000 backbone with the ability to monitor up to five engines with a single box and provide around-the-clock live monitoring for affordable, reliable protection. Monitoring a vessel's location…
Oxis & MSP Jointly to Develop Marine Lithium Sulfur Batteries
OXIS Energy and Multi Source Power (MSP) Technologies say they have formed a new partnership to enable the development of marine lithium sulfur batteries, and will launch the new product in the spring of 2015. This development will be part of the Ghost Power Brand. It will be a versatile battery system scalable from 20 kWh to 50 kWh upwards and will provide multiple configurable voltage outputs that will not only power electric motor boats, but can also be used to power air conditioning systems, navigation systems etc. The…
Piracy Offshore Africa: Securing a Continent
The late Nelson Mandela once said: “I dream of an Africa which is in peace with itself.” At the EU-Africa summit in Brussels last month, European leaders urged their African counterparts to facilitate that dream by shouldering more of the security burden in their countries, both onshore and offshore. The summit coincided with reports of renewed piracy activity in the Gulf of Aden; ongoing attacks on shipping in the Gulf of Guinea, and explosions and mass arrests in Kenya, all serving to underline the scale of that challenge.
Port Accidents are Avoidable
Speaking this week at the industry forum, ASEAN Ports and Shipping in Ho Chi Minh City, Vietnam, TT Club’s Regional Director for Asia Pacific, Phillip Emmanuel, showed evidence that a very high percentage of the insurer’s claims were due to some kind of operational error. The majority could have been avoided through good management practice. Emmanuel highlighted the main areas of concentrated risk and presented effective recommendations to minimize these incidents. Leading transport and logistics insurer TT Club’s latest analysis of 9…
