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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

Alarm sounded over safety of STS operations

Majority of STS operations are done by smaller local or regional operators with unverifiable safety management systems, says risk assurance specialist

International Tankers and Gas

International Group insured ships that may have breached Russia sanctions

Some owners ‘now innocently conducting an illegitimate voyage’, notes lawyer

International Russian Federation

European shipowners wary of lifting grain from Ukraine

The safety of crews and vessels in what is still a war zone is upmost in the minds of owners, who are carrying out risk assessments before committing to any trade linked to the region

International Dry Bulk

Ukraine war risk insurance rates find normal range

Worst-case scenario of high insurance premiums jacking up costs to buyers and thus to hungry consumers in emerging market economies now looks to have been averted

London Russian Federation
FREE TO READ

Ukrainian grain sailings increase amid lingering safety concerns

Industry still has concerns regarding the safety and security of vessels, and their crew engaging in trade, says Intercargo chairman

Europe Dry Bulk

Daily Briefing August 11 2022

Ukraine grain shipment bulker not covered for war risk or cargo | First humanitarian aid ship heads to Ukraine for grains | Resumption of Ukrainian grain exports expected to lift smaller dry bulkers | Frangou tightens control over Navios Holdings

Daily Briefing International
FREE TO READ

Ukraine grain shipment bulker not covered for war risk or cargo

Unsold corn consignment analysed in late May and judged sound, with repeat fumigation as a precautionary measure

Russian Federation Ukraine

Steamship got most of price hike demand, club confirms

‘Steamship Mutual remains in a strong position, with substantial free reserves and a growing membership,’ says Stephen Martin

International Insurance

UK’s tougher marine insurance sanctions on Russia put on indefinite hold

No sign yet of alternative Russian provision yet emerging, despite earlier promises by Medvedev

London Russian Federation

Ever Given grounding gave P&I chance to shine, says club

NorthStandard merger does not necessarily mean other marine mutuals will join forces any time soon, says Andrew Taylor

International Casualty

Hiscox backs Lloyd’s market Ukraine consortium plan

‘We have committed our support to the Lloyd's market-led initiative. We are very supportive of it,’ says chief executive

Dry Bulk Insurance

International Salvage Union hails ‘modest recovery’ in sector

‘Economic conditions are challenging, and activity and income for our industry is volatile year on year. The trend towards a smaller number of larger and more complicated cases enhances that annual variability,’ says Sloane

International Casualty
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