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 …
A stricken Iranian oil tanker continued exploding on Friday, hampering rescue efforts, Chinese state media reported, as Japan’s Coast Guard said the ship drifted away from the Chinese coast and into Japan’s exclusive economic zone (EEZ). The ship, which has …
The crew of an Iranian oil tanker set ablaze at the weekend following a collision could still be alive, the vessel’s owner said, calling on the Chinese authorities working at the scene to prioritize a rescue attempt. “We are still …
The reluctance of foreign banks to deal with Iran could complicate any compensation payments resulting from the collision last week of an Iranian oil tanker and a Chinese cargo ship, sources say. The tanker Sanchi, carrying 136,000 tonnes of highly …
The majority of all auxiliary engine damage takes place immediately after maintenance work in vessels, according to an investigation by The Swedish Club, a protection & indemnity marine insurer. A key finding is that 55 percent of casualties occur within …
Specialty insurer Beazley has appointed John Moy as U.S. marine insurance underwriter within its newly- launched U.S. marine platform. Moy will be responsible for underwriting and building the company’s U.S. hull, protection & indemnity (P&I) and liability business for the …
Ed, the London-based reinsurance, wholesale and specialty broker, announced the appointment of Heather Clarkson as managing director – Marine. She takes up her role on Jan. 2, 2018 and will report to Andrew Draycott, CEO – Energy, Marine & Construction. …
British ship insurer Standard Club is setting up a new European Union subsidiary in Dublin in case Britain loses access to the single market after Brexit, becoming the second of these specialized providers to opt for Ireland in two days. …
British ship insurer North is setting up a new European Union subsidiary in Dublin in case Britain loses access to the single market after Brexit, becoming the first of these specialized providers to announce such a move. Insurers are making …
Ships which do not meet cuts to the amount of sulfur they can burn in their engines risk being declared “unseaworthy,” the International Maritime Organization (IMO) said on Thursday. Shippers and refiner are not sure how they will comply with …
