Alta Signa Launches European Marine Division January 19, 2024 European boutique managing general agent (MGA), Alta Signa Europe B.V., announced the launch of a new European marine underwriting business....
Insurers Seek to Exclude US, UK Ships From Red Sea Coverage January 17, 2024 By Alex Longley and Áine Quinn Some ship insurers are starting to avoid covering US and UK merchant ships against war risks when they navigate the...
Red Sea War Risk Insurance Rises With More Ships in Firing Line January 16, 2024 By Jonathan Saul War risk insurance premiums for shipments through the Red Sea are rising after further attacks on merchant vessels by Yemen’s...
US Merchant Vessel Struck by Anti-Ship Missile as Shippers Told to Avoid Red Sea January 16, 2024 By Alex Longley Houthi militants hit a US-owned commercial vessel with an anti-ship ballistic missile on Monday, underscoring warnings that the world’s most...
Houthi Attacks on Shipping in Red Sea Persist; U.S. and Allies Strike Back January 12, 2024 The United States and Britain carried out strikes from the air and sea against Houthi military targets in Yemen in...
Plastic Pellet Spill Unleashes Cleanup Nightmare on Spain’s Coast January 12, 2024 By Laura Millan Tiny white plastic pellets are washing ashore in Spain’s northwestern coast by the millions, with hundreds of volunteers leading the...
Oil Tankers Continue Red Sea Movements Despite Houthi Attacks January 9, 2024 By Georgina McCartney and Arathy Somasekhar Oil and fuel tanker traffic in the Red Sea was stable in December, even though many container ships have rerouted...
Rokstone to Grow N.A. Marine Portfolio With $25M Allianz-Backed Partnership January 8, 2024 Specialty MGA Rokstone of the Aventum Group announced a significant enhancement to its North American marine operations. Allianz Commercial has...
Russia Oil Tankers Are Doing Strange Things Since Ramp Up of US Sanctions January 8, 2024 By Sherry Su and Julian Lee There are growing signs that Russia’s oil flows might be facing disruption in the aftermath of a ramp up in...
Global Shipping Firms Continue to Pause Red Sea Shipments After Weekend Attack January 3, 2024 By Terje Solsvik and Vera Eckert Denmark’s Maersk and German rival Hapag-Lloyd said on Tuesday their container ships would continue to avoid the Red Sea route...