Directors' and officers' (D&O) liability insurance policy is one of the fastest growing areas in the world insurance market. D&O insurance possesses its own rules of law, principles, and features, making it unique in both its nature and operation. Despite being both commonplace and extremely complex, very little has been published to date on this vast topic. This book scrutinizes the rationale behind D&O insurance and provides a clear and comprehensive analysis of how and to what extent company directors are protected against the myriad of potential liabilities they may face. Contents include: the nature and legality of D&O liability insurance sources of directors' and officers' liability liability to third parties liability at civil law persons covered by D&O insurance D&O exclusions defense costs cover and allocation aggregation principles and D&O cover reinsurance of D&O policies.

Now in its fourth edition, and containing over 500 pages of fully revised and updated material, Shipping Finance includes an analysis of ship mortgage terms and conditions, and mortgagee rights across the main maritime jurisdictions. In addition, Shipping Finance provides an extensive discussion of the procedure and documentation for registering ships on a country-by-country basis, with detailed advice from local experts. Chapters include: shipping finance from a banker's perspective; the financing of secondhand ships; the financing of new buildings; assignments of insurances and earnings, guarantees, indemnities, charges, debentures and other security relied upon by financiers; the sale and purchase of secondhand ships; the role of insurance in shipping; Islamic finance; Chinese leasing; and restructuring. Shipping Finance is an essential reference tool for anyone involved in shipping finance including bankers, lawyers and shipowners.

Written by the renowned authority on ancient ships and seafaring Lionel Casson, The Ancient Mariners has long served the needs of all who are interested in the sea, from the casual reader to the professional historian. This completely revised edition takes into account the fresh information that has appeared since the book was first published in 1959, especially that from archaeology's newest branch, marine archaeology. Casson does what no other author has done: he has put in a single volume the story of all that the ancients accomplished on the sea from the earliest times to the end of the Roman Empire. He explains how they perfected trading vessels from mere rowboats into huge freighters that could carry over a thousand tons, how they transformed warships from simple oared transports into complex rowing machines holding hundreds of marines and even heavy artillery, and how their maritime commerce progressed from short cautious voyages to a network that reached from Spain to India.

"The Docks" is an eye-opening journey into a giant madhouse of activity that few outsiders ever see: the Port of Los Angeles. In a book woven throughout with riveting novelist detail and illustrated with photographs that capture the frenetic energy of the place, Bill Sharpsteen tells the story of the people who have made this port, the largest in the country, one of the nation's most vital economic enterprises. Among others, we meet a pilot who parks ships, one of the first women longshoremen, union officials and employers at odds over almost everything, an environmental activist fighting air pollution in the 'diesel death zone', and those with the nearly impossible job of enforcing security. Together these stories paint a compelling picture of a critical entryway for goods coming into the country - the Port of Los Angeles is part of a complex that brings in 40 per cent of all our waterborne cargo and 70 per cent of all Asian imports - yet one that is also extremely vulnerable. "The Docks" is a rare look at a world within our world in which we find a microcosm of the labor, environmental, and security issues we collectively face.

Improving seaport infrastructure and trade practices can reduce the cost of goods and services and improve the quality of life for communities across the Pacific. This study reviews trade patterns and provides recommendations on regional approaches to help address shared constraints such as climate change and exposure to external shocks. It looks at how trade flows in the Pacific are changing, how growth will affect seaport operations and shipping services, and how trade efficiency can be improved.

Most policy makers readily acknowledge the economic, environmental, and social benefits of moving freight and passengers by waterways. However, why do many countries struggle to develop and revive their inland waterways transportation (IWT)? One reason is because of the dearth of successful examples of IWT revival. Aside from the United States and Europe, which have been relatively successful, the experience of many emerging countries has been a tale of intensive use followed by total collapse of the IWT sector. However, the combination of societal, economic, and environmental imperatives is motivating reassessment, as countries look to develop sustainable transport systems and to curb greenhouse gas emissions from the transport sector. China's experience has similarities to the experience of many countries and offers valuable lessons. This report is the result of an in-depth retrospective study of IWT in China and fills a gap in global knowledge. From an IWT system that carried less than 150 million tons in 1978, IWT in China carried 3.74 billion tons of cargo in 2018—six times more than either the European Union or the United States. China now has the busiest IWT system in the world. China's leadership in IWT development started with years of investment in infrastructure that transformed lowgrade waterways, allowing larger vessels to use the waterways, which resulted in higher transport efficiency and lower cost. China also invested in development of skills and technical know-how. To date there are 127,000 km of inland waterways in China that have high-quality navigability and a good safety record. During the period of rapid economic development, China also adopted or developed internationally recognized technical innovations for river classification, vessel replacement, navigation technology, and environmental protection. What China achieved is informative. In particular, how and why China improved IWT provides valuable lessons for other countries

Reeds Introductions: Essential Sensing and Telecommunications for Marine Engineering Applications covers all fundamental and essential theoretical maritime physics principles which underpin modern marine sensors and telecommunications devices as needed by marine users such as: Navy, Coastguard, Merchant Shipping and users of pleasure craft. For safety at sea, it is vital that maritime users have at least a basic understanding of the key concepts upon which many essential modern sea-going sensors and communications devices now operate. Knowledge regarding electromagnetic waves and electromagnetic devices is an established merchant navy sea service requirement, particularly for the Standards in Training and Certification in Watchkeeping (STCW95) qualification in various Maritime Coastguard Agency exams, but it is also a practical matter for the amateur as well. This vital introductory book is written as simply as possible to educate an increasing number of maritime users who wish to become familiar and competent with the latest technologies as well as a growing number of overseas students for whom English is not their first language. This volume provides a comprehensive study of maritime sensors and telecommunications principles and provides a firm foundation prior to reading and studying textbooks in the Reeds Marine Engineering series. Students having read this easy-to-read volume will be better prepared for the more in depth study of that series.

Written primarily for serving and trainee deck officers, those studying for certificates of competency in merchant shipping and fishermen, Reeds Maritime Meteorology analyses the elements and forces which contribute to maritime meteorology and the principles which govern them. Updated to include the latest developments in the use of satellite technology in forecasting, Navtext and the ramifications of GMDSS, the book examines:

* cloud formation and development

* precipitation and thunderstorms

* atmospheric pressure and wind

* ocean currents and swell

* tropical revolving storms

* the development and distribution of sea ice

* weather routeing

* passage planning

* the management and care of cargo in heavy weather

This revised edition covers significant developments in the variety of forecasts available for the seafarer, coverage of global warming and weather routing options, as well as updates throughout in line with technological advancements and research discoveries, and updates to the exam questions at the end of each chapter.

Chapter 1 examines the implementation of certain Coast Guard programs, including those involving performance monitoring, the Services Capital Investment Plan, and commercial fishing vessel safety. Chapter 2 discusses Coast Guard and maritime transportation programs. Chapter 3 reviews the fiscal year 2019 budget request for the Coast Guard and maritime transportation programs.

An interesting and insightful book exploring the author's efforts to follow in his father's footsteps and succeed in the tumultuous fishing industry. The reader is invited to experience the author's life as a Hull trawlerman; from his first trip out as a teenager, to achieving the highest rank of skipper. The intense highs and lows in between are relayed in great detail, with photographs adding to the reading pleasure. This is a story of hard work, courage, and the importance of following your heart. The author's infinite love for his family and high regard for his shipmates add a touching element to the book.

The Black Country has more miles of canal than Venice. During the industrial revolution this transport system developed to serve the steel, coal, lime and glass industries that grew up so extensively. Now much of the area’s heavy industry has disappeared, but many of the canals remain – to be utilised as an integral part of the Black Country’s thriving tourist industry. Black Country Canals includes a wide range of photographs, many previously unpublished, and is accompanied by fascinating and informative captions which combine to illustrate the canals in their heyday and more recently. The book is sure to appeal to all who live in or visit the Black Country, and to transport historians everywhere.

Steamboats and Sailors of the Great Lakes traces the evolution of the Great Lakes shipping industry over the last three centuries.

Earl J. Currie examines the standards, methods, and practices for railway operations that James J. Hill developed and applied so successfully for the Great Northern and other railways companies that he controlled. Currie compares the performance and quality of infrastructure of "Hill roads" to competitive railways and their successors to show how Hill's principles continue to form the core practices needed to run an efficient, well-disciplined railway operation even today.

The United States is an Arctic nation. Due to climate change, the Arctic is warming faster than any other region on Earth. As the loss of sea ice creates a more accessible Arctic, the nation must consider risks and opportunities for commerce and economic growth; security of our maritime domain; indigenous peoples and their subsistence cultures; and marine resource management, particularly along the Alaskan coast. To enhance Arctic marine transportation safety, protect Arctic people and the environment, build Arctic marine infrastructure, and to ensure safe and secure maritime shipping in the Arctic, Congress directed that the interagency Committee on Marine Transportation System (CMTS) coordinate the establishment of domestic transportation policies in the Arctic. This book answers that Congressional directive while addressing the considerations outlined above. This book also discusses current commercial maritime activity in the U.S. Arctic and anticipated activity in the next 10 years; actions taken by government entities in support of planning and developing U.S. Arctic maritime infrastructure; and federal interagency efforts to identify and prioritize Arctic maritime-infrastructure investments.

The Panama Canal is an important link in global trade and its expansion, which will allow passage of much larger ships, and could have significant impacts on U.S. ports and inland infrastructure. This book describes ways that shipping patterns and industry costs could change when the Panama Canal expansion is complete, assesses the potential shifts in trade flows tied to the Panama Canal expansion and identifies potential markets that could be affected.

The Royal National Lifeboat Institution (RNLI) is a treasured charity whose mission is to save lives at sea, but what is known of its founder, Sir William Hillary? Back in the early nineteenth century, when death from shipwreck was a tragic reality of life, the handsome, charismatic and adventurous Hillary decided to atone for his chequered past and do something to prevent it. His journey from Regency rake to national hero led him to leave his slave-owning family in Liverpool, travel abroad, mingle with royalty, marry an heiress and, during the Napoleonic Wars, head the largest volunteer army in Britain. Then, financial and marital catastrophe struck. Forced to seek exile on the Isle of Man, a harrowing shipwreck and guilty conscience inspired his historic campaign. Having battled to found the National Institution for the Preservation of Life from Shipwreck (today's RNLI) in 1824, Hillary's commitment never faltered. He frequently took to the lifeboats, braving terrifying storms and saving hundreds of lives, despite never learning to swim. Thanks to him the sea remains a safer place today. In this comprehensive biography of Sir William Hillary, Janet Gleeson draws on previously unpublished letters - many written by Hillary himself - revealing the RNLI's development, Hillary's links with the Jamaican slave trade, as well as the tribulations of his private life.

America's Marine Highway system accommodates the water-borne movement of passengers and non-bulk freight between origins and destinations otherwise served solely by roads and railways. Its corridors run parallel to many of the nation's most important land-based routes and connectors. These corridors are important components of the nation's broader domestic marine transportation system, which consists of 25,320 miles of navigable waterways, including rivers, bays, and channels, and many thousands of additional miles on the Great Lakes Saint Lawrence Seaway System and deep sea routes. For much of the early history of the United States, the network of waterways was the primary means of interstate commerce and transportation for goods and people. As a result, the majority of America's large metropolitan areas, as well as the preponderance of the U.S. population, are located along the coasts and navigable waterways. This book provides an overview of the current elements and benefits of water transportation, with a focus on a more environmentally sustainable transportation system; the marine highway and national defence; and impediments of new and expanded marine highway services.

The story of Liverpool is, in many ways, the story of its docks. Before the docks, trade was limited by the tides and at the mercy of the Mersey's currents. After dock construction began, the city became a hub of Britain's worldwide trading network. Cheshire Salt, Lancashire coal and textiles, Staffordshire pottery and Birmingham metal goods were all export staples and played an important part - until the 1807 abolition - in the infamous African slave trade. At the same time, sugar, rum, cotton and timber were exported in huge quantities. Through the expansion of the empire and the opportunities presented by steam power, the docks continued to grow and prosper. Even after the setbacks and bombing of the Second World War, trade rapidly recovered. However, the pace of change increased in the late 1950s and not to Liverpool's benefit. Passenger liners lost out to airliners (Cunard ships last called here in 1964) and changes in cargo handling led to the displacement of six traditional cargo liners for every new container vessel. There was competition from new container ports like Felixstowe as well as a range of local difficulties. With many contemporary illustrations of people, ships, buildings and machinery, Michael Stammers chronicles not just the rise and fall of Mersey shipping but also the way the docks have bounced back. Redevelopment, restoration and new modes of commerce have put Liverpool's docks back in the black and the docks continue to be a significant part of the Liverpool of today, albeit a very different-looking docks to the port of over sixty years ago.

In 1968 a Soviet G-class submarine mysteriously exploded and sank to the bottom of the Pacific. With Cold War secrecy and speed, U.S. military intelligence raced to find a way to raise the sub. In the new preface to this edition of "The Jennifer Project," which was first published in 1977, author Clyde Burleson discusses some of the sources he could not reveal twenty years ago and provides an interesting swords-to-plowshares update.
In one of the more remarkable episodes of high-tech espionage and engineering of the Cold War, the effort to raise the Soviet sub, code-named the "Jennifer Project," assembled a cast of players that included top military brass, the CIA, and the eccentric millionaire and inventor Howard Hughes.
The Project was a monumental effort to create a tool that could reach three miles below the ocean's surface and pull the sub from primordial muck--in secret. Financed and built by Hughes and Global Marine under contract with the CIA, the ship created to pluck the sub from the ooze was a technological marvel. Two football fields in length and twenty-three stories high, the "Hughes Glomar Explorer" held in its hull a six-"million"-pound submersible "claw" for picking up sections of the submarine.
The project cost the U.S. government hundreds of millions of dollars, but the intelligence community was betting that, if successful, reclamation of the Soviet submarine would mean accessing invaluable military knowledge as the two superpowers neared negotiations in the Strategic Arms Limitation Treaty talks. "The Jennifer Project" revisits a fascinating period of high-level intrigue and invention that has remained unknown to many Americans.

Captain Arthur Mathison was a merchant seaman from 1932 to 1977. He sailed with a number of British shipping companies, but he spent many years with Bolton Steamship Company of London and R.S. Dalgliesh Limited of Newcastle upon Tyne. He set sail from many of the main British ports - London, Glasgow, Hull, Cardiff, Newport, Newcastle, Middlesborough and Liverpool, plus a number of lesser locations like Workington, and he has tales from most of them. He started his career as an able-bodied seaman and desk boy on steamships, and finished it as master of ocean going motor vessels. In his own words he describes the hard times endured by pre-war merchant seaman during the Great Depression, and the subsequent challenges of the Second World War. He spent many years in the tramp steamer trade, travelling to all the continents of the world, including a great deal of time trading between Australia and New Zealand. In these pages you will find first hand stories of freak waves, convoys, on-board violence, red light districts, drunken crew members, near misses, dubious bunkering and much more. The book is a personal testament to an age of seafaring that has now vanished.