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Autonomous ship regulation ‘a bigger challenge than the technology’

Likely upcoming remote-controlled vessels and Maritime Autonomous Surface Ships (MASS) will force all members of the maritime sector and maritime nations to cooperate in ensuring a regulatory regime is in place that covers unmanned ships, according to a gathering at the Insurance institute of London (IIL) covered by Insurance Marine News.

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New Maritime law fails to excite re-insurance firms

Reinsurance companies say they have little to smile about in the wake of the new marine insurance law. This is because the law, contained in Section 20 of the Insurance Act that makes it mandatory for local cargo importers to insure their goods with local insurance companies, has no provision compelling firms to re-insure marine cargo with local reinsurance companies.

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Hannover Re sees marine reinsurance premiums fall

German reinsurer Hannover Re reported that gross written premiums (GWP) for 2016 in marine within the p&c reinsurance sector declined to €277m, from €297m the previous year, equal to just over 10% of the €2.65bn (2015; €2.92bn) specialty lines book as a whole. Hannover Re’s total GWP was €11.92bn, down from €14.14bn in 2015.

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Eshiptrading Announces Complete Ship Brokerage Services From Technical Consultation

Ship buying is not an easy task, particularly for a person who has no idea about ships. For all people or companies interested to purchase ships, eshiptrading now offers professional ship buying services, which include finding a suitable ship, offering technical consultation and even arranging finances for serious buyers. They offer complete consultation and ship buying services for a person to purchase the best ship by paying the best price.

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