|The Wavy Line|
19 Feb 19
"The right to swing my fist ends where the other man's nose begins."
Oliver Wendell Holmes
BOW WAVE 188
High Winds Edition
news and views on trade, insurance and risk
In this issue:
Round about this day in 1613, The Globe Theater burned down. Built in 1599, the Globe was a round, wooden building with thatched-roof balconies for the gentry. A cannon was fired during a performance of Henry VIII to mark the King's entrance, the thatched roof caught fire, and the whole theater was lost in an hour. It was rebuilt the next year, but taken down in 1644 to make space for tenements, after the Puritans closed all theaters. A replica, the new Globe Theater, was built in the mid-1990's. 700,000 people visit it every year.
New Readers this week include:
Underwriter Claes Hellgren of Zurich Insurance-Sweden Swiss plc Peter Dunlop of Adsteam Marine in Auckland NZ
News of Readers
Jerry Giroux and many others have written in to point out our item last week on Reclaim (Bow Wave Issue 187) was not exactly correct, he being formerly with CNA and Barbara Heaps remaining there. Sorry for the misunderstanding. Here is the story as it should have run right first time:-
Formerly with CNA in Canada, Jerry Giroux has joined up with Reclaim Consulting, part of the Marsh empire.
Apropos the French Seafarer who fell off a bridge and was deemed insane (Bow Wave Issue 187) We have received a number of replies:
From Tony Flanagan:
Was the French matelot the one whose battlecry was "a l'eau, c'est l'heure"?
Contact him at:
From Lawyer Dave Sharpe
Sure there's more. The desert life of itinerant Arabs is intense.
Contact him at:
From Gordon Elliot:
Did you hear about the Egyptian psychiatrist who fell into the river? His colleagues said he was in denial.
Contact him at:
We must free ourselves of the hope that the sea will ever rest. We must learn to sail in high winds.
Hanmer Parsons Grant
This June is likely to be remembered for the landmark meeting of the ILO which has agreed on a digital form of ID to be introduced for all the world's 1.2 million seafarers and which incorporates the fingerprint of the individual. This introduction of a biometric field is something of a precedent in the international field. Given the nature of the transport chain, how long will it be before hauliers, stevedores, warehousemen and packers will have to carry such cards to work? Not long we wager. Welcome to the 21st Century.
The new maritime security newsletter published by the people behind Digital Ship has a decent account of what has emerged from the ILO in recent weeks.
A recent conference on Managing Terrorist Risk in Insurance held earlier this year is reviewed by this writer in characteristic fashion. It is a pity he does not get around to more.
Some examples of his reportage:
"Robert Hartwig, chief economist, Insurance Information Institute, New York, showed he has a professional command of the Power Point presentation by zipping through 81 slides while imparting a running, thoughtful commentary of what 9/11 cost the re/insurance industry and how this will affect the industry in the future. In his usual forceful and enlightening manner, Mr. Hartwig predicted property rates to increase 8% to 10% in the coming year, and suggested reinsurers are preparing to 'price richly'"....
"Dr. Neil C. Livingstone, CEO, GlobalOptions, Washington, D.C., observed that the decontamination of anthrax in the Brentwood Post Office in Washington, D.C., is still not complete after more than a year, and considering the millions spent to clean the building, "It would have made more sense," he said, "to raze the building and construct a new one"
While the federal government is paying for the clean up of the PO, if the contamination had occurred in a private building, insurers would have had to bear much of the costs of decontaminating the structure, he added, if biological damage had not been excluded in the general liability or property policies."....
"As sometimes occurs, glitches happen at the improper time to exactly the wrong person. Preparing to deliver his talk on Cyber-Terrorism, Michael Shinn, managing director, Endstate, Inc., a subsidiary of Prometheus Group, Fairfax, Virginia, found that his power point presentation had gone kaput and he had to resort to the low-tech overhead projector to show 39 slides. After describing the threat from cyber-terrorism, he said few companies have any structure to combat cyber terrorism, and suggested for greater security, "It is not a good idea to have the guys who built your IT system to test it, too."
Read the whole "As I Say" report at:
Ever since the demise of Port Development International (PDI) which seemed to lose its way after being incorporated into a large publishing group, the industry has not had a publication which concentrated upon it. Port Strategy, the new publication which launched in June, has Mike Mundy (ex PDI) and Tony Elliott (Ex Lloyd's Maritime Asia) exercising editorial aegis and many writers with Ports expertise contributing. The publication promises not to withhold its punches and with the world busy trying to develop hundreds of new ports over the next decade, there should be no shortage of copy.
We received news this week of the relaunch of the Apostleship of the Sea, which is an agency of the Catholic Bishopâ€™s Conference of England & Wales. AOS was founded in Glasgow in 1922 and has since spread to 89 countries around the world. It describes itself as "both a mission and welfare outreach of the Church, providing help to all seafarers regardless of colour, creed or nationality.
Following the re-launch,according to Commodore York, the National Director, "AOS will be building up its port teams of chaplains and ship-visitors. But from now on, part of their job will be to spend time working alongside crews at sea. This will be the distinctive element of our ministry, giving all our work its credibility. A recent pilot study has demonstrated the demand for this type of ministry. We are now initiating dialogue with ship owners and operators to take this forward on a larger scale. Our aim is to strengthen our links with all segments of the industry."
See the AOS Website at:
Many thanks to Gordon Elliot for these gentle and rather affectionate jokes:
Now that Catherine Zeta-Jones-Douglas has become firmly established in Hollywood, the Welsh film industry is to receive additional funding to step up production. They are going to remake many well known films, but this time with a Welsh flavour. The following are planned for release next year:
* 9 Â½ Leeks
and a personal favourite:
The Llanfairpwllgwyngyllgogerychwyrndrobwllllantysiliogogogoch ThatTime Forgot
Word has reached us of the theories of Cologne based Judith Mair whose book Schluss mit Lustig
BOW WAVE is published each week to around 7650 Readers in the transport,insurance,shipping and finance industries.
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