Shipowners and charterers carrying commodities in the Indian Ocean are unlikely to see lower insurance premiums in the near term despite industry bodies’ decision to remove the region’s High Risk Area, or HRA, status, several maritime executives said Aug. 23.
Concerns are being raised over a rising number of cases of contaminated bunker fuel in Rotterdam and Amsterdam, two of Europe’s leading ports. The UK P&I Club has issued a follow-up warning after two independent testing labs warned for much of July that there were cases of elevated levels of contaminants in samples of bunker fuel coming for the region around the Dutch ports as well as possibly in Belgium.
The International Institute for Marine Insurance Studies (IIMIS) will present the Certified Marine Insurance Professional (CMIP) seminar on Insuring Marine Employees at the Sheraton San Diego Hotel & Marina October 26 -27.
With effect from 1 August 2022, EeLain Ong has taken over as Chief Financial Officer (CFO) of international freight transport and logistics insurer TT Club. Appointed in April 2022, Ong has shadowed the outgoing CFO Julian Chowdhury in his position for the intervening months prior to his retirement.
The Swedish Club is delighted to announce the opening of a new office in Singapore. Following 150 years in business and more than 50 years of international development, this move acknowledges the importance of the growing markets in Asia and the Club’s commitment to serving its members locally.
Since publishing its inaugural sustainability report in 2021, several major events have impacted on Britannia’s Environmental, Social and Governance (ESG) strategy including the COVID-19 pandemic and ongoing war in Ukraine, as well as new maritime environmental legislation. This new report demonstrates, in light of these events, the positive actions that Britannia has taken in 2021 and 2022 to date and those it is committing to in the future.
North’s membership of the Maritime Anti-Corruption Network emphasises the Club’s commitment to a fairer and more sustainable shipping community.
National Shipping Co. of Saudi Arabia, better known as Bahri, has completed the issuance of SR3.9 billion ($1.04 billion) sukuk, denominated in Saudi Riyals and maturing in seven years.
Insurance solutions provider Charles Taylor has purchased Dutch maritime assurance and surveying firm V+B Group for an undisclosed sum.
Claims related to the Ever Given grounding in the Suez Canal during 2021, could amount to $2 billion, French insurer Scor SE estimates.
The International Union of Marine Insurance (IUMI) reports an increase in the 2021 cargo insurance premium base (from 2020) of 8% to USD 18.9 billion alongside an improvement in overall loss ratios.
Opening this year’s IUMI (International Union of Marine Insurance) annual conference in Chicago, President Richard Turner introduced “Adapting to a World in Transition” as this year’s conference theme, highlighting the impact of climate, asset, macroeconomic and geopolitical changes on marine insurers, the clients they support and IUMI itself.
Parameters and criteria for providing maritime insurance will change in the coming years, as the shipping industry moves towards decarbonization and as regulations on reducing emissions become mandatory, several executives involved in the process told S&P Global Commodity Insights.
Resolution insurance has launched a comprehensive marine insurance cover dubbed ‘Resolution Marine Cargo’ in a move to offer affordable transit policy into the market that provides a one-stop shop solution for all marine insurance needs.
Battles over premium reductions and a turf war between insurance brokers have been as notable a feature of the 2017 protection-and-indemnity (P&I) renewals as fleets sailing between the clubs.
QBE North America, an operating division of global insurer QBE Insurance Group Limited, today announced the launch of The Solution for Motor Truck Cargo – a comprehensive policy offering unique coverages for motor carriers.
The Maritime & Port Security Information Sharing & Analysis Organization (MPS-ISAO) convenes its inaugural conference “Maritime & Port Cyber Resilience
