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Reporting results for its 2019/2020 financial year, The London P&I Club has recorded an operating surplus of US$5.0 million and an increase in free reserves to US$173.9 million.

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The Notice of Readiness (NOR) clause in a previous fixture may not have the same effect if used in a new fixture.  Shipbrokers should bear this in mind when copying wordings from previous fixtures says the International Transport Intermediaries Club (ITIC).

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Korean Register (KR) has signed a five-year agreement with German ship management company Held, to provide ISO 9001 Certification, ISM Company Audit (DOC), ISM Ship Audits (SMC) and ISPS and MLC compliance services for the company’s fleet of more than 30 vessels. 

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Korean Register (KR) has signed Memorandum of Understanding (MOU) with Samsung Heavy Industries (SHI) to conduct a joint study on “Ship Cyber Security Network Construction and Design Safety Evaluation” at the Marine Engineering Research Center of SHI.

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