Iranian Forces Were Likely Responsible for Attacks on Tankers, Says Insurer DNK June 17, 2019 By Verity Ratcliffe Iranian forces were likely responsible for the attacks that occurred Thursday on two tankers in the Gulf of Oman, according...
War Risk Insurance Premiums Surge for Oil Tanker Owners After Gulf Attacks June 17, 2019 By Alex Longley, Sheela Tobben and Ann Koh Oil tanker owners face spiraling insurance costs to load cargoes from the world’s largest crude-export region after the latest round...
Insurers Appoint Dutch Marine Engineer to Salvage Oil Tankers in Gulf of Oman June 14, 2019 Dutch marine engineer Boskalis said on Friday it had has been appointed to salvage both tankers that were hit in...
Insurance Rates for Crude Oil Tankers to Jump After Gulf Attacks June 14, 2019 By Julian Lee, Alex Longley and Will Hadfield Oil tanker owners are turning increasingly nervous about loading cargoes from the world’s largest export region for crude after the...
Large Shipping Losses in 2018 Drop to Lowest Level this Century but New Risks Emerge June 4, 2019 Large shipping losses declined by more than 50% in 2018 from the previous year – their lowest level this century,...
Violations of IMO 2020 Emissions Rules for Shipping Could Hit Insurance Cover May 20, 2019 By Jonathan Saul Tougher rules on sulfur emissions from ships will come into effect next year in the biggest shake-up for the oil...
France Works to Contain Fuel Spill After Italian Container Ship Sinks March 15, 2019 French authorities are working to contain a fuel spill off the Atlantic Coast after an Italian container ship sank following...
Ascot and Beazley Launch $50M Insurtech-Linked Cargo Consortium for SMEs February 13, 2019 Ascot and Beazley announced the launch of a Lloyd’s-based cargo consortium, which uses insurtech solutions to help manage risk and...
Dutch Authorities Raise Number of MSC’s Containers Lost in North Sea Storm February 7, 2019 Dutch authorities say a freight ship lost dozens more containers than previously thought when it was caught in a heavy...
Cable and Pipe-Laying Ship Capsizes near Singapore After Tanker Collision January 15, 2019 By Fergus Jensen An undersea cable and pipe-laying ship, the Vanuatu-flagged MV Star Centurion, capsized in the Indonesian waters of the Singapore Straits...