maritime insurance News

U.S. Pressures Insurers, Certifiers, Shippers in Enforcing Tougher Sanctions on Venezuela

Several companies that certify vessels are seaworthy and ship insurers have withdrawn services to tankers involved in the Venezuelan oil trade as the United States targets the maritime industry to tighten sanctions on the Latin American country. U.S. sanctions have …

Shipping Losses Fall to Lowest in 10 Years as Technology Drives Safety

Large shipping losses have declined by 50 percent over the past decade and last year saw the lowest number of losses in the past 10 years. The favorable loss trend has been largely driven by improved safety, according to Allianz …

South Carolina-Based Marine Insurance Agencies Merge to Form New Company

Maritime Insurance, LLC and Port City Holdings, LLC dba KSA Marine Insurance, both of Charleston, S.C., have joined to create a new entity, Maritime Insurance International. The new company combines the agencies’ experience in the marine insurance industry while expanding …

Dryad Maritime Expands With New UK Office

Dryad Maritime – a commercial specialist in maritime intelligence in the UK- has opened a new office development in Hastings, UK. The move is the next phase in a major program of expansion and comes as Dryad looks to harness …

Drop in Somali Piracy Attacks Reported; Violence Up in Gulf of Guinea

The number of ships signaling attacks by Somali pirates has fallen this year to its lowest since 2009, according to a report from the International Chamber of Commerce International Maritime Bureau (IMB). However, the IMB is warning seafarers to remain …