ITIC settles negligence dispute

The International Transport Intermediaries Club is warning its ship and port agent members to be aware of approaches from people traffickers attempting to smuggle illegal immigrants through their ports

International Transport Intermediaries Club has warned port agents to inform their regular principals of port fee and tariff increases

International Transport Intermediaries Club has warned that the wording of instructions can potentially widen the scope of liability for marine service providers, citing the recent case of a marine surveyor sued for €1.56M for alleged poor onboard stowage of a cargo

The International Transport Intermediaries Club says that fraudulent diversion of funds is on the increase in the maritime sector

Soon after reporting a solid performance in 2011 despite the challenging trading conditions, it was disclosed that the TT Club (Through Transport Mutual Insurance Association) had captured Denmark’s DFDS group as a member.

The shipping industry is in the middle of the biggest global recession seen in the past 60 years. Shipowners and charterers went from boom to bust in an incredibly short time; commodity prices and ship values plunged ever downward over a few months; ocean carryings dropped dramatically as trade slowed to a trickle on many routes; and with little demand for Chinese and American exports, port and terminal operators saw a huge decline in activity and revenue.