Titanic Law Helps Ship Owner Limit Bridge Collapse Liability March 27, 2024 By Ethan M Steinberg, Chris Dolmetsch and Matthew Griffin The owner of the ship that rammed into a Baltimore bridge could face hundreds of millions of dollars in damage...
Treasury Asked Why US P&I Club Insures Ships Carrying Iran Oil March 18, 2024 By Zachary R. Mider and Zeke Faux A Republican congressman is asking the Treasury Department to explain its handling of a US insurance company that covered dozens...
Bulk Carrier Hit by Missile off Aden, With Fire Onboard: Ship’s Owner March 6, 2024 The Barbados-flagged True Confidence bulk carrier was hit by a missile on Wednesday 50 nautical miles southwest of Yemen’s Aden,...
Houthi Missile Damages MSC Container Ship in Gulf of Aden March 5, 2024 By Alex Longley and Mohammed Hatem Houthi militants attacked and damaged a Swiss-owned container vessel on Monday in the Gulf of Aden, as the Iran-backed group...
War Insurers Shrug Off Rubymar Sinking in Red Sea, Rates Stable March 4, 2024 By Jonathan Saul The cost of war risk insurance through the Red Sea remained stable on Monday despite the sinking of the Rubymar...
Marsh McLennan, Ukraine, Lloyd’s Expand Insurance Facility for Non-Military Shipments March 1, 2024 Insurance broker Marsh McLennan, the Ukrainian government and Lloyd’s have announced a major expansion of the Unity insurance facility –...
P&I Clubs Raise Renewal Prices to Keep Up With Claims Inflation: AM Best February 21, 2024 By L.S. Howard Protection and Indemnity (P&I) clubs sought further price improvements at the February 2024 renewals in order to keep up with...
The Oil Was From Iran. The Insurance Was From New York February 9, 2024 By Zachary Mider and Zeke Faux Last June, a rusting tanker named Sincere 02 picked up oil at an Iranian port and steamed across the Persian...
Viewpoint: A New Risk Landscape Emerges for Global Maritime Industry September 21, 2023 By Dorothea Ioannou Executive Summary: The International Group of P&I Clubs offers a unique lens into the intricate web of maritime risk that...
Stricter UAE Ship Insurance Rules Look to Cut Oil Spill Risks June 8, 2023 By Jonathan Saul Tougher requirements for some ship insurers covering United Arab Emirates ships are aimed at boosting environmental safety, the UAE state...