marine insurance News

Dutch Authorities Raise Number of MSC’s Containers Lost in North Sea Storm

Dutch authorities say a freight ship lost dozens more containers than previously thought when it was caught in a heavy storm early this year. The Dutch water authority said Wednesday that at least 345 containers fell off the MSC Zoe …

London’s Electronic Placements via PPL Exceeded Targets During Q4 2018

London’s electronic placing platform exceeded its target of 30 percent of in-scope risks during the fourth quarter of 2018, according to the board of Placing Platform Ltd. (PPL). Lloyd’s syndicates accepted 39 percent of in-scope risks, with 76 percent of …

Ship in Black Sea Fire Was Denied Port Entry over U.S. Sanctions Risk: Reuters

Two ships ablaze in the Black Sea region, leaving at least 10 crew dead, caught fire while transferring fuel mid-sea after one vessel was barred from using its usual port in southern Russia due to U.S. sanctions risk, two sources …

Cable and Pipe-Laying Ship Capsizes near Singapore After Tanker Collision

An undersea cable and pipe-laying ship, the Vanuatu-flagged MV Star Centurion, capsized in the Indonesian waters of the Singapore Straits after a collision with a tanker on Sunday, with no fatalities, authorities said on Monday [Jan. 14]. The Singapore Straits …

Marsh Places 10,000-Plus Risks During 2018 via London’s Placing Platform (PPL)

Marsh announced it placed more than 10,000 risks in 2018 through Placing Platform Ltd. (PPL), the electronic insurance placement platform used by Lloyd’s, London market insurers, and brokers. Marsh has now bound more than 15,000 risks in total on the …

Explosion on Oil Tanker Near Hong Kong Kills Crew Member

An explosion on an oil tanker in Hong Kong on Tuesday killed one crew member and left two others missing at sea, authorities said. The Vietnam-registered tanker burst into flames just before 11:30 a.m. as it prepared to refuel at …

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 …

Empty Oil Tanker Catches Fire Near Cyprus; Crew Members Treated for Burns

A Maltese-flagged oil tanker caught fire and ran aground near a fishing village, forcing several crew members to jump overboard, Cypriot authorities said Saturday [Dec. 29]. Cyprus’ Joint Rescue Coordination Center said the fire aboard the tanker Athlos was extinguished …