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...
AGCS Appoints Kadow as Global Head of Marine; Fadden Named Global Head of Aviation June 14, 2019 Allianz Global Corporate & Specialty SE (AGCS) is rearranging roles in the management team of its Specialty business segment. Effective...
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...
Suspected Attack on 2 Oil Tankers Near Strait of Hormuz Stokes Fears of War June 13, 2019 By Verity Ratcliffe, Anthony DiPaola and Bruce Stanley Two oil tankers were damaged on Thursday in a suspected attack near the entrance to the Persian Gulf, stoking fears...
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,...
Oil Tankers in the Persian Gulf Face Highest Risk Since 2005 May 22, 2019 By Alex Longley Not since 2005 have the world’s insurers considered shipping in the Persian Gulf so dangerous for oil tankers. The Joint...
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...
London Marine Insurers Expand Middle East Threat Zone After Saudi Ship Attacks May 17, 2019 By Jonathan Saul London’s marine insurance market has extended the list of waters deemed high risk to include Oman, the United Arab Emirates...
Insurer Says Iran’s Guards Likely Facilitated Saudi Tanker Attacks: Reuters May 17, 2019 By Jonathan Saul and Gwladys Fouche Iran’s elite Revolutionary Guards (IRGC) are “highly likely” to have facilitated attacks last Sunday on four tankers including two Saudi...