marine cargo insurance News

Cargo Ship Sinks in Rough Seas off Coast of Turkey; 2 Crew Members Killed

At least two crew members were killed on Monday after a cargo ship sank in rough seas off Turkey’s Black Sea coast, officials and media reports said. Seven crew members were rescued while a search was underway for four others. …

Swiss Shipping Firm MSC Pledges to Recover Containers Lost in North Sea

Switzerland-based shipping company MSC is pledging to pay the cost of cleaning up hundreds of containers one of its cargo vessels lost in a North Sea storm. The company said Saturday that it was committed to finding and retrieving the …

Containers Carrying Hazardous Materials Fall Off Cargo Ship Near Dutch Coast

Authorities in Germany and the Netherlands are searching for up to 270 shipping containers lost at sea by a cargo ship caught in a storm, saying some are carrying hazardous materials. German authorities say the cargo ship that lost the …

Singapore’s EF Marine Forms Capacity Deal with Swiss Re Corporate to Offer Fixed Premium P&I Cover

Singapore-based EF Marine announced a managing general agent (MGA) agreement with Swiss Re Corporate Solutions, effective Jan. 1, 2019. The alliance between Swiss Re Corporate Solutions and EF Marine will support small and medium-sized shipowners, charterers and multimodal operators globally …

Brit USA Expands Marine Practice with Robinson, Saegusa

Brit Ltd. has appointed Marc Robinson and Yasuaki Saegusa to the Marine business of Brit Global Specialty USA. Robinson joins BGSU as assistant vice president and will be based in the Hartford, Connecticut office. He will be responsible for the …

Oil Tanker Disaster to Be Probed by Maritime Authorities from China, Panama, Iran & HK

The maritime authorities of China, Panama, Iran and Hong Kong on Thursday signed an agreement to jointly investigate a collision in the East China Sea that caused the worst oil ship disaster in decades, according to China’s Ministry of Transport. …

No Initial Sign that Sunken Iran Oil Tanker Breached Safety Protocols: Panama

The Iranian tanker that sank after a collision in the East China Sea, causing the worst oil ship disaster in years, had its paperwork in order, according an initial review by maritime authorities in Panama, whose flag it was sailing …

Oil from Sunken Iran Tanker Diffuses into 4 Separate Slicks

Oil from an Iranian tanker that sank in the East China Sea has diffused into four separate slicks, covering a combined area of just over 100 square kms (39 square miles), Chinese authorites said late on Wednesday. Earlier satellite imaging …

Iran Oil Tanker Creates Oil Slicks Covering 42 Square Miles: Chinese Government

An Iranian oil tanker that sank in the East China Sea has left two oil slicks covering a combined 109 square km (42 square miles), the Chinese government said late on Tuesday, as maritime police scour for damage and prepare …

Update: Sunken Iranian Oil Tanker Causes Large Oil Slick in East China Sea

A stricken Iranian tanker that sank in the East China Sea on Sunday in the worst oil ship disaster in decades has produced a large oil slick, Chinese media and Japanese authorities said on Monday, as worries grew over damage …