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iPMI Magazine Has Moved

iPMI Magazine successfully rebranded to iPMI Global in 2023 and has moved to a new home on the internet. To visit the brand new international private medical insurance business intelligence platform, please go to www.ipmiglobal.com

Subsea Cables Identified As Major Insurance Risk For The Offshore Wind Industry

DNV GL, announced the launch of its guideline "Subsea power cables in shallow water renewable energy applications" (DNV-RP-J301), which provides a comprehensive review of subsea power cable practice and advice for managing the risk commonly associated with the cables.

The recommended practice, which is free to download from www.dnvgl.com/rules-standards/default.aspx#2, is the most comprehensive of its type in the industry. Technical guideline covers entire lifecycle of subsea power cables, from concept development to decommissioning, and is a comprehensive resource of project guidance.

Many existing offshore wind farms have faced subsea power cable problems caused by underestimation of complexities and interrelationships Guideline will become essential tool for stakeholders involved in renewable energy projects, improving safety and lowering costs for the wind industry Problems with subsea cables have affected many offshore wind farms and damage to cables has been identified as a major insurance risk for the offshore wind industry.

Cable related problems are costly and most often arise from inadequate risk identification, lack of planning, sub-standard design and deficiencies in how procedures are applied. To date, cabling failures have cost millions of euros in delays and numerous legal disputes.

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Chechnya Travel Advice

The Foreign and Commonwealth Office (FCO) advise against all travel to Chechnya, Ingushetia and Dagestan and the districts of Budyonnovsky, Levokumsky, Neftekumsky, Stepnovsky and Kursky in Stavropol Krai. The FCO advise against all but essential travel to North Ossetia, Karachai-Cherkessia and Kabardino-Balkaria (including the Elbrus area). There is a high threat from terrorism. Attacks have occurred most frequently in Moscow and in the North Caucasus. Political rallies can occur in Moscow, St. Petersburg and other places across Russia. You should be aware of the risk of street crime. British nationals made around 127,000 visits to Russia in 2011.

Most visits are trouble-free. Take out comprehensive travel and medical insurance before you travel.

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iPMI Magazine Industry News

P&I Premiums Expected To Be Under Pressure At 2016 Renewals

P&I Premiums Expected To Be Under Pressure At 2016 Renewals

Despite P&I Clubs announcing that they are trying to achieve on average 2% increases in premium, ship owners with good records can look forward to reductions in premiums for protection and indemnity (P&I) insurance at the 2016 renewals, according to Willis Group Holdings. "The International Group (IG) market has announced an average general increase of around 2%, with two or three clubs at zero, the majority around 2.5% and one club...

22-12-2015 Maritime Marine Shipping

Retirement Wave And Technical Skills Gap Threaten Oil And Gas Company Growth And Profits

World’s oil and gas industry is in the midst of a talent crisis and needs to find alternatives to poaching from competitors. Mercer’s workforce analysis indicates that in the US alone, many large employers risk losing 50-80% of their retirement-eligible population in the next five years. To address this global energy talent crisis the just-released Mercer Global Oil and Gas Talent Outlook and Workforce Practices Survey shows that approximately two-thirds of...

15-05-2014 Oil Gas Power Energy

Claims Arising From Maritime Emergencies Can Be Huge

Claims Arising From Maritime Emergencies Can Be Huge

More than two years after the grounding of the Costa Concordia, which resulted in the death of 32 passengers and crew, the total loss figure is approaching $2bn – making it one of the largest marine casualties ever. As of the time of writing, the authorities have yet to figure out what will happen to the wreck of the vessel. It is only natural that cruise ship disasters dominate the headlines...

25-04-2014 Maritime Marine Shipping

Global Oil & Gas Workforce Survey

The oil and gas industry need to collaborate more if it is to successfully tackle the current workforce skills shortage. This follows the publication of The Global Oil & Gas Workforce Survey 2014, a joint report on the people focussed issues facing the oil and gas industry. According to the survey, which raises awareness of the people related risk in the industry and its impact on projects, engineers are the scarcest...

16-04-2014 Oil Gas Power Energy

Air Energi And Queensland University Of Technology Unveil Findings Of Ground-Breaking Research Into Workfroce Risks Within LNG Industry

Air Energi Group and Queensland University of Technology (QUT), have published ground-breaking research providing extensive analysis of the potential workforce risks related to Australasia’s LNG sector, particularly involving a contingent workforce. Entitled ‘Workforce Related Project Risks’, the report is based on in-depth interviews with a panel of industry experts drawn from a wide cross-section of perspectives, including operations, HR, project management, advisory functions, and contractors. A high level of rigour was...

16-04-2014 Oil Gas Power Energy

Republic Of The Congo Ratifies The Maritime Labour Convention, 2006

The Republic of the Congo deposited with the International Labour Office the instrument of ratification of the Maritime Labour Convention, 2006 (MLC, 2006). The Republic of the Congo is the 57th member State of the ILO, and the ninth African state – after Liberia, Gabon, Benin, Togo, Morocco, Nigeria, Ghana and South Africa – to have ratified the MLC, 2006. The country has a commercial fleet of 5,846 gross tons. The...

12-04-2014 Maritime Marine Shipping

New Measures To Protect Seafarers From Abandonment And Cover Claims For Death And Long-Term Disability

More than 300 representatives of seafarers, shipowners and governments, meeting at the International Labour Organization (ILO), have taken concrete steps to protect abandoned seafarers and provide financial security for compensation in cases of death and long-term disability due to occupational injury or hazard. The new measures are also aimed at improving the world’s shipping industry. “The adoption of the Maritime Labour Convention in 2006 was an historical milestone that heralded a...

12-04-2014 Maritime Marine Shipping

Nautilus Takes Seafarers Views On Pensions To ILO

Nautilus International will tell the International Labour Organisation (ILO) that seafarers would like to see a commitment to pension provision included in a future revision of the Maritime Labour Convention (MLC). Nautilus officials are joining maritime nations and representatives from around the world, meeting in Geneva this week to consider amendments to the MLC including the provision of financial protection against the abandonment of seafarers and compensation following death or injury...

08-04-2014 Maritime Marine Shipping