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 Tianjin port last August, reinsurance broker Guy Carpenter said on Thursday. Rising competition to offer reinsurance and slower activity in China, were two factors depressing rates, it said. The blasts at … [Read more...]
Cargo Losses from Tianjin Explosions Will Hit At Least $1.5 Billion
LONDON, Sept 15 (Reuters) - Explosions in the Chinese port of Tianjin last month would lead to cargo losses of at least $1.5 billion, and were having a "significant impact" on the marine insurance sector, a trade body said on Tuesday. "We are expecting to see cargo losses of at least $1.5 billion, with some reports stating that the final figure could be as high as … [Read more...]
China Port Authorities to Tighten Supervision of Dangerous Goods Shipments
SHANGHAI, Aug 19 (Reuters) - China's port authorities will strengthen supervision of dangerous goods shipments following devastating explosions at Tianjin port last week, the Ministry of Transport said on Wednesday. Port authorities from provinces including Zhejiang, Liaoning and Guangdong have asked shipping firms involved in relevant activities to conduct … [Read more...]
Tianjin Port Resumes Operations After Blasts
SINGAPORE/SHANGHAI, Aug 17 (Reuters) - Many operations have resumed at China's Tianjin port, trade sources said, after explosions last week that killed more than 100 people and disrupted business at what is an important oil, gas and bulk import harbour for Asia's biggest economy. The explosions on Aug. 12 led to the disruption of all chemical and oil tanker … [Read more...]
Death Toll Rises from Tianjin Port Blasts
By Bloomberg News (Bloomberg) -- The death toll from Wednesday’s blasts at a chemical warehouse in China’s port city of Tianjin has risen to 112, while 95 people are still missing, Xinhua reported. Among the missing are 85 firefighters, Xinhua said, citing local officials. A total of 46 people have been rescued from the site, the latest a man in his 50s found 50 … [Read more...]