Insurance Rates for Crude Oil Tankers to Jump After Gulf Attacks June 14, 2019 By Julian Lee, Alex Longley and Will Hadfield Oil tanker owners are turning increasingly nervous about loading cargoes from the world’s largest export region for crude after the...
Large Shipping Losses in 2018 Drop to Lowest Level this Century but New Risks Emerge June 4, 2019 Large shipping losses declined by more than 50% in 2018 from the previous year – their lowest level this century,...
Violations of IMO 2020 Emissions Rules for Shipping Could Hit Insurance Cover May 20, 2019 By Jonathan Saul Tougher rules on sulfur emissions from ships will come into effect next year in the biggest shake-up for the oil...
France Works to Contain Fuel Spill After Italian Container Ship Sinks March 15, 2019 French authorities are working to contain a fuel spill off the Atlantic Coast after an Italian container ship sank following...
Ascot and Beazley Launch $50M Insurtech-Linked Cargo Consortium for SMEs February 13, 2019 Ascot and Beazley announced the launch of a Lloyd’s-based cargo consortium, which uses insurtech solutions to help manage risk and...
Dutch Authorities Raise Number of MSC’s Containers Lost in North Sea Storm February 7, 2019 Dutch authorities say a freight ship lost dozens more containers than previously thought when it was caught in a heavy...
Cable and Pipe-Laying Ship Capsizes near Singapore After Tanker Collision January 15, 2019 By Fergus Jensen An undersea cable and pipe-laying ship, the Vanuatu-flagged MV Star Centurion, capsized in the Indonesian waters of the Singapore Straits...
Cargo Ship Sinks in Rough Seas off Coast of Turkey; 2 Crew Members Killed January 8, 2019 At least two crew members were killed on Monday after a cargo ship sank in rough seas off Turkey’s Black...
Swiss Shipping Firm MSC Pledges to Recover Containers Lost in North Sea January 7, 2019 Switzerland-based shipping company MSC is pledging to pay the cost of cleaning up hundreds of containers one of its cargo...
Containers Carrying Hazardous Materials Fall Off Cargo Ship Near Dutch Coast January 4, 2019 Authorities in Germany and the Netherlands are searching for up to 270 shipping containers lost at sea by a cargo...