Insurance
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Marine World
Iran Launches Bitcoin-Based Insurance Scheme for Ships Crossing Hormuz
Iran has started a Bitcoin-backed insurance service for Iranian shipping companies that want to transit the Strait of Hormuz, the…
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Port News
Iran unveils crypto insurance regime for Hormuz
Iran has proposed managing the Strait of Hormuz through an insurance-based framework that would formalise its control over the critical…
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Port News
DP World moves into shipping war risk insurance
With the Hormuz crisis into its third month, terminal operator DP World has launched a first-of-its-kind cargo war risk insurance…
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Maritime News
Insurer Pay Out $350M to Dali’s Owner/Operator Before Trial Starts
The insurance company that underwrote the coverage for Maryland on the Francis Scott Key Bridge in Baltimore reported to the…
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Maritime News
Chubb Details Structure of the Gulf Maritime Insurance Facility with DFC
Chubb (NYSE: CB), the world’s largest publicly traded property and casualty insurer, today outlined the structure and scope of the…
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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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