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Insurance

Keep informed with daily analysis and insight into shipping insurance to reduce risk, support reinsurance decisions, manage investments and identify exposure within the maritime industry

Marine insurers must define ‘just a glitch’, IUMI told

‘It may be beneficial if the maritime industry puts more effort into reporting and finding the root causes, not only behind cyber and software incidents involving newer technologies, but also older precursor devices,’ says Frank Gonynor

International Casualty

Shipping still major polluter but getting greener, Berglund says

There are many candidates to replace bunkers, including biofuels, hydrogen, methane, ammonia and batteries, but all have pros and cons and more work is needed, a conference hears

International Environment

Will pandemic lead to a maritime crime spike?

Impoverished coastal communities and stranded seafarers are easy marks for malefactors, International Union of Marine Insurance hears

International Insurance

IUMI head says ‘environment will set the tone for decades’

In the long run, the environment is more important for insurers even than the pandemic, newly re-elected president Richard Turner has insisted

International Environment

Insurers respond to piracy risk in Gulf of Guinea

The Gulf of Guinea is considered a greater risk area following recent piracy attacks further out from Nigeria’s economic zone. Better policing and ship security measures may have pushed pirates further afield in search of easier targets

Middle East and Africa Nigeria

Salvage of capsized Golden Ray clears hurdles for October start

‘As with any major wreck removal, there is always a need for creative solutions. I think that’s what makes a good salvor,’ said T&T Salvage president Mauricio Garrido

International United States

Project cargo surveyors finding pandemic workarounds

‘Ongoing projects have experienced an escalation in costs caused by changes in working practices with social distancing requirements. Additional costs have also been incurred by delays in project cargo, or the need to divert the cargo to temporary storage,’ surveyor tells marine insurers

International Insurance

Cargo insurance loss ratios ‘deeply concerning’

Trade association reveals figures on gross cargo premiums for 2019

International Insurance

Offshore energy premium volumes still falling but prices set to harden

Premiums in the offshore energy insurance sector are still falling, and expected to shrink further as the line feels a twin squeeze from coronavirus and the low oil prices prevailing in recent years

International Offshore

Managing maritime risk: Sanctions compliance and detection

Lloyd’s List and industry experts discuss the updated US Office of Foreign Assets Control sanctions guidance and how any organisation with exposure to shipping or cargoes needs to understand, identify and mitigate the risk to their operations

Tankers and Gas Sanctions

Sri Lanka seeks damages from New Diamond owner

The Sri Lankan Attorney General’s office believes there are sufficient grounds to bring charges against the master of New Diamond on environmental infringements. The government wants to hold the owner of the vessel accountable for all environmental damage and costs relating to firefighting and recovery

Sri Lanka Casualty

New expert witness group seeks to deepen pool in Singapore

The Asia Pacific Institute of Experts is a Singapore-based registered society. It wants to spearhead the development of professional expertise in the field of expert evidence in the Asia Pacific region

Asia Pacific Law
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