Insurance
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Maritime News
Lloyd’s Stands Ready to Work With U.S. on Insurance for Hormuz Transits
War risk insurance remains available for shipping in the Strait of Hormuz and Arabian Gulf, according to Lloyd’s of London,…
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Maritime News
Insurance Broker Marsh Meets US Officials to Discuss Iran War
Insurance broker Marsh McLennan said on Wednesday it had met with U.S. officials to explore solutions for restoring maritime trade…
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Maritime News
Russian and Ukrainian Strikes Are Raising War Risk Insurance Costs
War risk insurance is one of the biggest factors affecting whether shipowners will trade in a conflict zone, and high…
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Marine World
War Insurance Costs Spike for Ship Owners as Black Sea Threats Grow
War insurance costs for ships sailing to the Black Sea have spiked again, with insurers reviewing policies daily as the conflict in…
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Marine World
Ship Rates Spiking 467% Marks Upended Trade Across Commodities
Rates to ship commodities from energy to bulk ores across the world’s oceans are heading for a rare year-end surge…
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Marine World
Black Sea War Insurance Soars 250% After Ukraine Ship Attacks
Insurance rates for ships calling at ports in the Black Sea are surging after a series of Ukrainian attacks on…
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Marine World
Black Sea War Risk Insurance Jumps After Drone Strikes on Sanctioned Tankers
The cost of shipping commodities through the Black Sea climbed on Monday after Ukrainian naval drones hit two tankers heading to a…
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Marine World
Major Maritime Mutuals Weigh Merger That Could Reshape Shipping’s Insurance Industry
Two of the world’s most established mutual insurance providers serving the global shipping and logistics industries announced today they are…
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Maritime News
UK P&I and TT Club Begin Talks for Insurance Mega-Merger
The UK P&I Club has announced plans to merge with affiliated firm TT Club, a major port insurer managed by…
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Maritime News
Sri Lanka Navy Rescues Crew from Mysterious Ship That is Drifting Eastward
What started as a successful maritime rescue has turned into a mystery for Sri Lankan officials. The ship is now…
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