IUMI – the International Union of Marine Insurance – presented its analysis of the latest marine insurance market trends at this week’s annual conference in Toronto, Canada. Marine underwriting premiums for 2018 were recorded at US$28.9 Billion which represents a single percentage point rise from 2017. With significant challenges facing the market, the modest increase is not significant to herald…
The Port of Zamboanga is a seaport located in Zamboanga City located in western Mindanao. The international container Port of Zamboanga ranked 2nd in Asia according to the 2010 Super Efficient Ports in Asia study (African Journal of Business Management Vol. 5(4), pp. 1397-1407, 2011). Zamboanga City is the commercial and industrial center of the Zamboanga Peninsula, which faces the…
For decades, Filipinos have been making a mark in the maritime industry as competent and skilled seafarers ready to set sail in any circumstances and opportunities that await them. Indeed, it takes more than bare knowledge to be able to stay focused and dedicated to this career path. That is why over the years, not just the number of Filipino…
First composite vessel set to launch. Damen is set to launch its first composite urban water shuttle as the prototype undergoes sea trials in the next few weeks. Customers benefit from reduced fuel consumption, less maintenance, no corrosion or fatigue problems, and at the same time, the Damen Waterbus is very robust. Besides safety and efficiency, the new Damen Waterbus…