Red Sea Disruption to Shipping Could Cut Asia-Europe Capacity by 20%: Maersk May 6, 2024 By Stine Jacobsen Disruption to Red Sea container shipping is rising, Maersk said on Monday, forecasting this will cut the industry’s capacity between...
Yemen’s Houthis Threaten Ships in Mediterranean Sea That Are Sailing to Israeli Ports May 3, 2024 Yemen’s Houthis will target ships heading to Israeli ports in any area that is within their range, military spokesman Yahya...
Lloyd’s Insurers Don’t Expect Large Claims From Baltimore Bridge Collapse May 2, 2024 Lloyd’s of London insurers Hiscox and Lancashire do not expect large insurance claims from the collapse of Baltimore’s Francis Scott...
Key Insurer Says Russia Oil Price Cap Increasingly Unenforceable April 30, 2024 A Group of Seven-imposed cap on the price of Russia oil is becoming increasingly unenforceable, an organization at the heart...
Shadow-Fleet Oil Tanker That Crashed Had Void Western Insurance April 29, 2024 A shadow-fleet oil tanker that crashed in Denmark’s vital straits produced a set of insurance documents that weren’t valid, a...
Russia Reinsurer Backs Domestic Carriers to Get Indian Marine Insurance Permits April 26, 2024 By Nidhi Verma Russia’s state-owned reinsurer has given financial backing to three Russian insurance firms, allowing them to get Indian approval to provide...
Ship Owner in Bridge Collapse Seeks to Limit Its Liability April 2, 2024 By Ethan M Steinberg and Chris Dolmetsch The owner of the ship that rammed into a bridge in Baltimore last week, killing six workers and throwing the...
Insurance Industry Readies for Historic Losses From Baltimore Bridge Tragedy March 29, 2024 By Andrew G. Simpson It’s very early in the recovery process and already the numbers are large. Insured losses for the tragic collapse of...
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...