Thursday, September 16, 2021
bulk carrier ship
Shipping

Marine Insurers Warn of Liquefaction Risks from Sierra Leone Iron Ore Fines Cargoes

Marine liability insurers are warning bulk carrier owners of increasing liquefaction risk of iron ore fines cargoes from Sierra Leone. In a recent circular to members, the International Group of...

September 16, 2021
Total Views: 2177

Saturday, June 12, 2021
Coral Ocean Reef Cairns, Australia
Environment

Can Marine Insurance Save Coral Reefs?

By Christine Murray (Thomson Reuters Foundation) – As climate change threatens coral reefs around the world, conservation experts in Latin America have enlisted an unlikely ally to try to preserve...

June 12, 2021
Total Views: 1511

Thursday, April 1, 2021
Russian FPSO MARSHAL VASILEVSKIY Transiting the Suez Canal
Accidents

Marine Reinsurance Firms Expect Giant Suez Blockage Claims

by Carolyn Cohn (Reuters) – The recent blockage of the Suez Canal is likely to lead to large reinsurance claims, adding to upward pressure on marine reinsurance rates, James Vickers,...

April 1, 2021
Total Views: 3101

Tuesday, October 27, 2020
News

How Do You Insure Ships In The Arctic?

By Jonathan Saul LONDON, Oct 27 (Reuters) – When Captain Will Whatley guides a ship through Arctic waters, he is starkly aware of what can go wrong. Double the manpower...

October 27, 2020
Total Views: 234

Monday, June 24, 2019
containership
Maritime News

Rivals Ride Rising Rates as Lloyd’s Abandons Some Ship Insurance

By Carolyn Cohn, Jonathan Saul and Suzanne Barlyn LONDON/NEW YORK, June 24 (Reuters) – Rivals to Lloyd’s of London are riding a rising tide of marine insurance rates, leaving the 330-year-old...

June 24, 2019
Total Views: 10

Wednesday, May 15, 2019
UAE Navy boats next to Al Marzoqah Saudi Arabia tanker are seen off the Port of Fujairah
Maritime News

London Marine Insurers to Meet After Ship Attacks in Middle East

By Jonathan Saul LONDON, May 15 (Reuters) – London’s marine insurance market will meet on Thursday to assess whether it needs to change the risk level for vessels in the...

May 15, 2019
Total Views: 5

Tuesday, December 11, 2018
maersk honam fire
Maritime News

Maersk Aims to Cover Itself with Alternative Cargo Insurance

By Alexander Whiteman (The Loadstar) – Maersk Line is launching what it claims is an alternative to cargo insurance in response to the rising number of shipments consigned without cover. According...

December 11, 2018
Total Views: 46

Friday, December 1, 2017
container ship terminal
Maritime News

British P&I Club Britannia Planning Luxembourg Subsidiary Due to Brexit

By Jonathan Saul LONDON, Dec 1 (Reuters) – British ship insurer Britannia plans to set up a subsidiary in Luxembourg as a result of Britain’s decision to leave the European...

December 1, 2017
Total Views: 20

Thursday, August 3, 2017
mol comfort disaster
Maritime News

Insurers Grow Anxious as Containerships Get Bigger and Cargo More Valuable

By Mike Wackett (The Loadstar) – With CMA CGM reportedly ready to sign a letter-of-intent for nine ultra-large container vessels (ULCVs) of 22,000 teu, insurers are becoming increasingly concerned that...

August 3, 2017
Total Views: 231

Thursday, June 1, 2017
Press Releases

Fidelis Group Holdings, LLC Hires Dennis Mathies as Senior Marine Underwriter

Fidelis Group Holdings, LLC (FGH), with its subsidiary Continental Underwriters, Ltd., announced today the hiring of Mr. Dennis Mathies as Senior Marine Underwriter. Mr. Mathies will be responsible for expanding...

June 1, 2017
Total Views: 4

Friday, February 24, 2017
cargo ship
Maritime News

Brexit Prompts Ship Insurers to Look at Luxembourg, Cyprus Bases

By Jonathan Saul and Carolyn Cohn LONDON, Feb 24 (Reuters) – U.K.-regulated ship insurers are preparing plans to open new outposts in European Union jurisdictions such as Luxembourg and Cyprus,...

February 24, 2017
Total Views: 8

Wednesday, January 18, 2017
News

Marine Insurance in the Trump Presidency: Smooth Sailing in 2017?

By Julia M. Palmer (Holland & Knight) – Although the Trump Administration’s plans for significant infrastructure investment, including key ports and terminals, bode well for the marine industry, it is...

January 18, 2017
Total Views: 3

Tuesday, January 17, 2017
iranian crude supertanker
News

Ship Insurers to Resume Near Full Coverage for Iran Oil Exports

By Osamu Tsukimori and Keith Wallis TOKYO/SINGAPORE, Jan 17 (Reuters) – Global shipping insurers have devised a way to ensure nearly full coverage for Iranian oil exports from next month...

January 17, 2017
Total Views: 2

Thursday, January 12, 2017
News

Insurance Gaps Leave Shipping Exposed to Growing Cyber Threats

By Jonathan Saul and Carolyn Cohn LONDON, Jan 12 (Reuters) – Shipping companies grappling with the threat of cyber attacks on vessels are finding insurance policies often fall short, officials...

January 12, 2017
Total Views: 18

Wednesday, June 22, 2016
Maritime News

Expanded Panama Canal Seen Greatly Increasing Insurance Risk

By Mike Wackett (The Loadstar) – Ahead of the official opening of the $5.25bn expanded Panama Canal this Sunday, the insurance industry is preparing itself for a big hike in...

June 22, 2016
Total Views: 20

Thursday, January 7, 2016
Maritime News

Tianjin Blasts Barely a Blip for Marine Insurance Prices

LONDON/FRANKFURT, Jan 7 (Reuters) – Reinsurance rates in the marine sector continued to fall at the start of the year, in spite of the huge cost of explosions at China’s...

January 7, 2016
Total Views: 0

Wednesday, June 17, 2015
Maritime News

Amid Slowdown, New Insurance Program Covers Stacked Equipment

  In response to the number of vessels and equipment that have been laid up due to recent downturn in the offshore oil and gas market, a Louisiana-based marine insurance provider...

June 17, 2015
Total Views: 5

Thursday, January 30, 2014
mt seeb vlcc nitc
Maritime News

P&I Clubs Sound Alarm Over Iran Ship Insurance

A group of insurers warned shipowners this week to be careful when signing deals to carry Iranian oil because the United States has not been able to clarify whether insurance claims will be paid after the suspension of sanctions ends in July.

January 30, 2014
Total Views: 1

Thursday, January 16, 2014
japan P&I club
Maritime News

Japan P&I Club to Resume Ship Insurance For Iranian Oil Imports

TOKYO, Jan 16 (Reuters) – Japanese crude buyers are set to switch back to private insurance providers for transportation of Iranian oil, after relief from some EU sanctions goes into...

January 16, 2014
Total Views: 6

Tuesday, October 8, 2013
iran india flag
News

Iran’s Maritime Trade With India Hit By Insurance Delay

By Nidhi Verma NEW DELHI, Oct 8 (Reuters) – Oil and container trade between India and Iran has been disrupted due to uncertainty over insurance cover, leaving some ships stranded...

October 8, 2013
Total Views: 6