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
By Mike Wackett (The Loadstar) – Ahead of the official opening of the $5.25bn expanded Panama Canal this Sunday, the insurance industry is preparing
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
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
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
TOKYO, Jan 16 (Reuters) – Japanese crude buyers are set to switch back to private insurance providers for transportation of Iranian oil, after relief
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,
When salvage teams begin hauling the wrecked Costa Concordia liner upright on the Italian island of Giglio next week, the financial stakes for insurers will be
(Bloomberg) — European Union regulators dropped an antitrust probe into marine-insurance agreements among groups of ship owners, saying there
(Dow Jones) VIENNA–The European Union has no intention of halting or delaying the implementation of shipping insurance-related sanctions against Iran,
Mr. Soledano (not his real name), the owner of a Hatteras cabin cruiser in Miami, stared at me in horror. “What?” he demanded. “It’s
THE London P&I Club has warned what many of us already know: that improvements in telecommunications technology on board ships can create unwelcome
Note: With the recent incident in the Gulf and gCaptain members are performing non-routine jobs in and around the oil slick, a few have asked me if I carry
Today we continue our interview (click HERE for part 1) with Ralph Mellusi, an admiralty lawyer specializing in marine license defense. Ralph Mellusi has
Last week we brought you information on marine license insurance and in our continuing quest to look at non-traditional protection available to mariners we
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