Ukraine Urges Marine Insurers to Withdraw Coverage for Russian Shipping Companies March 31, 2022 By Benjamin Robertson The Ukrainian government has asked international marine insurers to stop all dealings with shipping companies carrying Russian fossil fuels in...
Container Ship Could Block Suez Canal Like a ‘Beached Whale’ for Weeks March 25, 2021 By Yusri Mohamed, Gavin Maguire and Florence Tan ISMAILIA, Egypt – A huge container ship blocking the Suez Canal like a “beached whale” may take weeks to free,...
Insurers of Container Ship Aground in Suez Canal Face Millions in Claims March 25, 2021 By Carolyn Cohn and Jonathan Saul LONDON – The owner and insurers of one of the world’s largest container ships stuck in the Suez Canal face...
Citing U.S. Sanctions, Insurers Won’t Cover Ships For Russia, Turkey Pipelines Projects September 23, 2020 The world’s largest group of shipping insurers will not insure vessels involved in the Russian-led Nord Stream 2 and TurkStream...
U.S. Sanctions Likely to Ban Use of Lloyd’s IT Platform for Processing Iran Insurance July 16, 2018 By Carolyn Cohn and Jonathan Saul New U.S. sanctions are likely to prevent the use of a Lloyd’s of London IT platform for any Iran insurance,...
Oil Shippers Face Insurance Uncertainty with Return of U.S. Sanctions on Iran May 11, 2018 By Alex Longley Oil tanker owners are facing a nervous wait to find out whether they can carry on doing business with Iran...
Compensation for Iran Tanker Accident Could Be Complicated by U.S. Sanctions January 11, 2018 By Jonathan Saul The reluctance of foreign banks to deal with Iran could complicate any compensation payments resulting from the collision last week...
UK P&I Clubs Consider Opening EU Outposts in Preparation for Brexit February 24, 2017 By Jonathan Saul and Carolyn Cohn U.K.-regulated ship insurers are preparing plans to open new outposts in European Union jurisdictions such as Luxembourg and Cyprus, fearing...
Global Marine Insurers Develop Coverage Options for Iran Oil Exports January 17, 2017 By Keith Wallis and Osamu Tsukimori Global shipping insurers have devised a way to ensure nearly full coverage for Iranian oil exports from next month after...
Hong Kong-Based Latitude Brokers Launches P&I Club Comparison Tool November 29, 2016 Latitude Brokers, the Asia-based marine insurance specialist, has launched PILOT, an online protection & indemnity (P&I) club comparison tool. In...