Second-hand container ship prices grow 17% year-on-year despite falling freight rates
By Naucher The average price per TEU for a five-year seven-ship order was $9,761/TEU at the end of August
P&I Clubs and Their Correspondents: A Pillar for the Global Maritime Industry
Protection and Indemnity (P&I) Clubs are London-based mutual insurance institutions that cover approximately 99% of the world’s fleet, safeguarding Shipowners and Operators from the inherent risks of maritime navigation. An essential element for their operation is the global network of authorized Correspondents – companies operating in various ports and maritime regions, providing qualified and immediate responses to maritime incidents. This network is crucial for claims management, risk assessment, and problem-solving in emergency situations.
Grupo Stier: Over Two Decades of Leadership in the Canary Islands, Cape Verde, and W. Africa
Since 1994, Grupo Stier has represented most P&I Clubs and International Insurers in the Canary Islands, Cape Verde, and West Africa. Their role involves coordinating and managing all types of maritime emergencies, from crew accidents and stowaways to material damage to vessels or cargo. Grupo Stier’s Emergency Coordination Team is renowned for its ability to resolve challenging situations, turning the impossible into possible. Their vast technical expertise and legal knowledge are an invaluable asset for P&I Club members and other clients, minimizing the impact and consequences of maritime incidents, thus benefiting the entire insurance sector.
Specialized Services Beyond P&I Clubs
Grupo Stier extends its services by offering outsourcing in claims management and legal matters related to maritime liability, targeting Carriers and Shipping Companies. This allows these companies to focus on their core operations while relying on Grupo Stier’s expertise to resolve complex issues.
P&I correspondents like Grupo Stier in the Canary Islands are fundamental to the maritime industry. They provide expert and efficient responses to emergencies, and offer claims management and legal services that benefit the entire maritime community, contributing to the safety and stability of global maritime transport.
Send us an email to info@stier.es
You can also call us at +34 607 55 29 27
By Naucher The average price per TEU for a five-year seven-ship order was $9,761/TEU at the end of August
The London P&I Club has renewed calls on ship owners, operators and charterers to address potential risks when loading Flexible