Insurance
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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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Maritime News
Gallagher & Vanguard Tech to Support Clients with Maritime Risk & Security
[By: Gallagher] Gallagher has agreed a partnership with Vanguard Tech, a maritime insurance tech specialist. Through the agreement, Vanguard Tech…
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Marine World
Aging Fleet and Geopolitical Tensions Drive ‘Soft’ Marine Insurance Market Despite Rising Premiums
The ocean hull insurance market is returning to a “soft environment” despite increasing premiums, according to Ilias P. Tsakiris, Chair…
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Marine World
Sanctioned Suezmax Oil Tanker Navigates Russian Arctic Without Permit, Unknown Insurance, and Overdue for Inspection
Russia continues to push the safety envelope for oil shipments via the Arctic. A 19-year old sanctioned Suezmax tanker, Latur,…
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