De facto closure limited to four days and fewer than 10% of transits in March, Leth Agencies add
Year ended in surplus despite first-half deficit, with focus now on improving finances rather than expanding book
Record lows attributed to reduced shipping activity and are unlikely to continue as world trade picks up, industry told
All 25 crew and master remain on board Ever Given assisting multiple investigations and inspections. Data from the voyage data recorder has been handed to investigators
The Suez shutdown exposed the fragility of global supply chains, but what about other black swan events that could potentially buoy or sink a market? This month’s market outlook offers a maritime edition of the classic board game snakes and ladders, where the team roll the dice and consider the long list of market ‘what ifs’ that will ultimately determine the fate of maritime markets more than any traditional notions of supply and demand forecasting
West of England holds its members covered without additional premiums for deviations round Cape of Good Hope, as lawyers unpack legal angles
‘Significant pricing improvement has been seen across the portfolio, but most notably in the two largest lines of cargo and hull,’ insurance market says
Due diligence, maintenance, regular checks and training will all help to improve cargo moisture damage, says loss prevention manager Captain Shajed Khan
Performance improvement measures contributed to an improved underlying underwriting result
‘This single case does not put our markets under pressure. The bigger picture is liability, and this is where it could get desperate. This is very bad news for the P&I clubs, that’s for sure,’ argues IUMI secretary-general
Payout will further tighten pricing, but not impact credit profiles
Damages, fines and compensation for the Suez Canal Authority set to be the largest items on what is looking like a big bill
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