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...
Authorities Working to Free Giant Stranded Container Ship Blocking Suez Canal March 24, 2021 By Yusri Mohamed, Jessica Jaganathan and Florence Tan CAIRO – The shortest shipping route from Europe to Asia remained blocked on Wednesday as 10 tug boats struggled to...
Iran Blames Israel for Explosion that Damaged Container Ship in Mediterranean March 15, 2021 By Arsalan Shahla Iran said Israel was likely behind an explosion that damaged an Iranian container ship in the Mediterranean last week, as...
Howden Broking Buys Independent Superyacht Broker Sturge Taylor March 8, 2021 Howden Broking announced that it has acquired independent superyacht insurance broker Sturge Taylor & Associates (STA Group). STA Group will...
15 Insurers Stop Doing Business with Nord Stream 2 Pipeline to Avoid Sanctions: Reuters February 24, 2021 By Timothy Gardner Baker Hughes Co and AXA Group and 16 other companies recently quit work on Russia’s Nord Stream 2 natural gas...
Munich Re Stops Insuring Nord Stream 2 Pipeline on Fears of U.S. Sanctions February 23, 2021 A subsidiary of Germany’s Munich Re will no longer insure the Nord Stream 2 pipeline from Russia to Europe amid...
EasySend and Sompo Japan Join Forces to Improve Customer Experience January 22, 2021 By Kelly De La Mora Sompo Japan plans to use EasySend’s no-code development platform to power its marine insurance accident notification system Tel Aviv, Israel,...
Future of Russia’s Nord Stream 2 Pipeline Looks Increasingly Uncertain January 20, 2021 By Jeremy Hodges and Vanessa Dezem The future of Nord Stream 2 looks increasingly uncertain as the U.S. ramped up pressure on the project with new...
World’s Biggest Shipping Line Demands Action Against Piracy Surge Off West Africa January 19, 2021 By William Clowes The world’s biggest shipping company demanded a more effective military response to surging pirate attacks and record kidnappings off the...
Marine Insurers Set to Raise Rates After Red Sea Attacks on Merchant Ships January 13, 2021 By Jonathan Saul LONDON – Insurers are set to raise the cost of providing cover for merchant ships through the Red Sea after...