
7 May 2008 - FP Marine Risks, independent marine insurance brokers headquartered in Hong Kong, today announced the opening of a new branch office in Sydney, Australia.
This article appears in the Standard Chartered Bank World of Supply Chain Management 2007/2008
With growing trade volumes, vessel sizes and government legislation, supply chain managers face increasing risks and liabilities in their industry. Insurance is an important risk management tool, but one that has yet to be fully utilised in Asia. For an effective insurance purchasing strategy, supply chain managers should be aware of the changing risk exposures, the breadth of cover available and the long-term benefits that insurance provides by protecting profitability. .
Piracy has moved on from its swashbuckling days. Where once pirates boarded ships armed with knives and stole cash to fund their livelihoods, nowadays they are more likely to arrive by speedboat armed with automatic weapons, lock up the crew and hold them and their ship to ransom...
© 2006 FP Marine Risks Limited