marine liability insurance News

War Risk Insurance Rates Edge Up After Surge in Red Sea Ship Attacks

War risk insurance premiums edged up for Red Sea voyages after three vessels were attacked in the area on Sunday and fears grow over worsening perils for commercial shipping, maritime and insurance sources said on Monday. The incidents are the …

Multiple Commercial Vessels Attacked in Red Sea

Three commercial vessels came under attack in international waters in the southern Red Sea, the U.S. military said Sunday, as Yemen’s Houthi group claimed drone and missile attacks on two Israeli vessels in the area. The Carney, an American destroyer, …

Red Sea Attacks on Ships Spark Safety Concerns for Sailors

Commercial ships face increasing dangers at sea after armed groups have attacked and seized vessels in waters around the Red Sea and off the coast of Yemen, adding to perils for seafarers, shipping officials said on Wednesday. An attempted hijacking …

Three Baltic Pipe and Cable Incidents ‘Are Related’: Estonia

The three incidents that resulted in damage to a gas pipeline and two telecom cables between Estonia, Finland and Sweden “are related,” Estonian Prime Minister Kaja Kallas said. Finnish police leading the pipeline investigation have named the Hong-Kong-flagged container carrier …

Probe of Damaged Baltic Sea Pipeline, Telecoms Cable Focuses on Chinese-Owned Ship

Estonia’s investigation into a damaged Baltic Sea telecoms cable will focus on the actions of a Chinese-owned vessel, the country’s prosecutor general said, after Finland blamed damage to a nearby pipeline on a ship. Early on Oct. 8, a gas …

Philippines Coast Guard Identifies Marshall Islands Oil Tanker in Fatal Collision

Three people are dead after a Philippine fishing boat collided with an oil tanker in what the nation’s coast guard described as an accident near a disputed South China Sea shoal. Survivor accounts of the tanker fit the description of …

Viewpoint: A New Risk Landscape Emerges for Global Maritime Industry

Executive Summary: The International Group of P&I Clubs offers a unique lens into the intricate web of maritime risk that influences both the insurance sector and the maritime industry globally. From this perspective, one thing is abundantly clear: A “new …

Hundreds of P&O Cruise Passengers Flown Home After Tanker Crash

Hundreds of passengers on a P&O cruise ship that crashed into an oil tanker during a storm in Spain have been flown home. The flagship Britannia departed the Mediterranean island of Palma de Mallorca on Monday and will return to …

P&O Cruise Ship Crashes Into Oil Tanker, Injuring Passengers

A P&O cruise ship with thousands of passengers on board collided with an oil tanker off the coast of Palma de Mallorca in Spain on Sunday, injuring a small number of people. Videos posted to social media showed the Britannia, …

Venezuela’s Oil Tankers at Risk of Spills, Sinking, Fires, Collisions: Report

More than half of the 22 oil tankers in Venezuela’s fleet are so run down that they should be immediately repaired or taken out of service, according to an internal report from state-run oil company PDVSA that was shared exclusively …