Allianz Analyzes Marine Risks – 100 Years after Titanic Disaster March 26, 2012 By Charles E. Boyle Specialist marine insurer Allianz Global Corporate & Specialty (AGCS) has taken an in depth look at the current state of...
EU Agrees to Some Iran Oil Insurance Exemptions – Until July March 23, 2012 By Justyna Pawlak The European Union will allow some insurance on Iranian oil shipments before its full embargo starts on July 1, member...
EU Fails to Agree on Exemptions for Iran Oil Transport Insurance March 20, 2012 European Union diplomats on Tuesday postponed a decision on whether to grant any exemptions to insurance provided for Iranian crude...
Japan Refiners Eye Force Majeure Clauses Due to Lack of Insurance March 2, 2012 By Osamu Tsukimori and Randy Fabi Japanese buyers of Iran crude may ask Tehran to include a force majeure clause in contracts if they are unable...
Arctic Ice Melt Lifts Hopes for Russian Maritime Trade January 27, 2012 By Albina Kovalyova and Alissa de Carbonnel When severe snowstorms prevented life-sustaining fuel supplies from reaching the frozen Alaskan town of Nome, U.S. officials turned to a...
Steamship Mutual Sets 5% Premium Increase for 2012 November 3, 2011 The Directors of the London-based Steamship Mutual P&I Club “recently reviewed the Club’s open policy years, as well as claims...
Marine Insurers Backing Armed Guards as Piracy Threat Grows September 20, 2011 By Gus Trompiz More ship insurers are backing the use of private armed guards on merchant vessels at sea to combat Somali piracy...
Marine Insurers Add Benin to Risk List after Attacks August 8, 2011 By Jonathan Saul London’s marine insurance market has added Benin to a list of areas deemed high risk due to an escalation of...
Somali Pirates Secrets Revealed in New Book July 19, 2011 By Katherine Houreld The pirates were nervous. A rookie author – a white man from Canada – had unexpectedly arrived in their cliff-top...
Container Shipper Suspends Some Iran Operations over Sanctions June 30, 2011 By Randy Fabi The world’s largest container firm suspended operations at several Iranian ports on Thursday, potentially disrupting critical food shipments as it...