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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

Why Ever Given cargo claims will get ever larger

The longer the Evergreen-chartered boxship is prevented from sailing, the more perishable cargoes will spoil and the more retailers will order replacement consumer durables, legal experts warn

Egypt Containers

Suez Canal Authority says Ever Given’s master was responsible for speed before blockage

SCA rejects insurer’s claim that vessel whose grounding caused a six-day shutdown of the key waterway in March was under the charge of local pilots when it entered the southern channel

Egypt Containers

Divers recover X-Press Pearl’s ‘black box’

Divers have recovered the VDR from the wreck of the X-Press Pearl as the authorities draw up plans to prevent any oil spillage from the fire-stricken containership

Sri Lanka Containers

Salvage claim by Suez Canal Authority faces challenge

The SCA has valued the property salved at around $2bn or even $3bn... Based on our experience of other large containership casualties the cargo value on the Ever Given is likely to be in the region of $600-700m,’ Clyde & Co head of casualty says

Egypt Containers

Speed and control will be key to Ever Given dispute

Ever Given was travelling above the Suez Canal’s speed limit when it grounded. But weather conditions made higher speeds necessary for control, but also carried greater risk

Middle East and Africa Egypt

Brit launches marine war consortium

Brit said the consortium aims to improve efficiency in covering breach call risks, allowing brokers the opportunity to obtain instant, fully supported quotes

London Brit

X-Press Pearl blaze shines spotlight on boxship fires

‘With a given probability of a fire starting in one container, the probability of a fire starting in at least one of the containers will grow in almost direct proportion to the number of containers,’ says Cefor report

International Containers

X-Press Pearl sinking after salvage efforts fail

Operator X-Press Feeders says the vessel’s aft portion is ‘now touching bottom’ while smoke continues to emanate from two cargo holds

Sri Lanka Containers

Salvage operations continue as X-Press Pearl owners face lawsuit

MEPA chairman Dharshani Lahandapura says the incident could be the ‘worst marine pollution’ Sri Lanka has ever suffered

Sri Lanka Containers

Climate change among shipping’s top security threats

Failure to adapt to climate change is one of the biggest security threats to ports and shipping, a webinar has heard, while cyber attacks and economic harm from coronavirus are more immediate threats

Environment Insurance

Heavy weather ahead: How to prepare the ship for climate change

Sometimes ships will be hit by heavy weather. When cargo is lost or damaged, P&I insurers will need as much evidence of good practice as they can get to counter the claims, advise webinar speakers.

Ship operations Safety

X-Press Pearl clean-up under way as blaze ‘contained considerably’

Sri Lanka’s government started cleaning up chemical debris from the fire-stricken X-Press Pearl as the blaze reached its eighth day

India Sri Lanka
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