Report Highlights Need for Better Risk Management on Europe’s Container Ship Routes June 29, 2020 By Mike Corder A Dutch safety watchdog said Thursday [June 25] that it is “undesirable” for large container ships to use a shipping...
Panama Threatens Sanctions, Hefty Fines on Ships That Tamper with Transponders June 2, 2020 By Elida Moreno Panama’s Maritime Authority said it will impose sanctions on vessels, including fines of up to $10,000 and withdrawing its flag...
Ship Inspectors Conduct Virtual Inspections of Oil Tankers During Pandemic May 27, 2020 By Jonathan Saul Ship assessors are resorting to virtual inspections of oil tankers to keep vessels afloat, as the coronavirus pandemic makes physical...
Zurich Expands Marine Insurance Platform into Additional Countries, Regions March 25, 2020 Zurich Insurance Group is expanding the roll-out of a new marine insurance platform for small and medium cargo, following its...
Greek Tanker Manager Denies Connection to Oil Leak Tarring Brazil’s Beaches November 4, 2019 The manager of an oil tanker being probed by Brazilian authorities in connection with an oil spill off the country’s...
Marsh JLT Specialty Taps Nevill from Gard (UK) as CEO, UK Marine & Cargo October 28, 2019 Insurance broker Marsh announced the appointment of Louise Nevill as chief executive officer for Marsh JLT Specialty’s UK Marine &...
UK Navy Stops Iran from Blocking BP Oil Tanker Leaving Persian Gulf July 11, 2019 By Tim Ross and Anthony DiPaola The British navy intervened to stop Iran from blocking a commercial oil tanker leaving the Persian Gulf, heightening friction just...
Insurance for Middle East Oil Shipments Soars to More Than $500,000 June 25, 2019 By Sheela Tobben The cost of insuring Middle East oil shipments is soaring as tensions mount in a region responsible for about a...
As Lloyd’s Jettisons Some Marine Insurance Lines, Opportunities Created for Rivals June 24, 2019 By Carolyn Cohn, Jonathan Saul and Suzanne Barlyn Rivals to Lloyd’s of London are riding a rising tide of marine insurance rates, leaving the 330-year-old market behind after...
Oil Shippers Continue Sailing Through Strait of Hormuz – with Heightened Security June 21, 2019 By Aya Batrawy A series of attacks on oil tankers near the Persian Gulf has ratcheted up tensions between the U.S. and Iran...