The cruise ship industry sees nearly $38 billion in revenue annually around the world, with more than $15 billion invested into new cruise ships. Ferries, cruise ships, and other passenger vessels are a much different exposure than cargo ships that carry dry cargo, not people. Accidents and catastrophic mechanical failures with passenger vessels often result…
GALVESTON – A lawsuit focusing on a forklift collision at a Galveston cruise terminal was reportedly settled. According to recent Galveston County court records, plaintiff Mary Moses and defendant Suderman’s Contracting Stevedores Inc. reached a settlement on Dec. 19, 2013.
The Michigan Court of Appeals has dismissed a Traverse City harbormaster from a lawsuit over an 18-year-old’s electrocution and drowning death at a city marina. The lawsuit accused Barry Smith, the harbormaster, as well as the city, the marina, Robert Cole, the former department of public services director, and engineering and electric companies of negligence.
A nearly $2 million judgment against a Florida yacht brokerage has left brokers puzzled and concerned as they reconsider – in light of this case – how much protection the “as-is” clause in most sales contracts affords them.
In the absence of any major catastrophes since Superstorm Sandy, the personal marine insurance market has settled into a stable pricing period. What segments are gaining in popularity? And what coverage options will be required to address the associated risks?
Transporting materials is a complex process involving numerous parties with competing interests and responsibilities. Global in scope, modern supply chains are fraught with risk as freight forwarders work with cargo carriers to ensure products are transported safely and efficiently from point A to point B, crossing borders and great distances by land, air and sea….