by AIP Online Bureau | May 6, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
The disruptions cause ripple effects across several other container freight routes, particularly from Asia to the east and west coasts of South America, Maersk’s spokesperson said, adding that the Red Sea situation was complex and continued to evolve Disruption to Red...
by AIP Online Bureau | Mar 26, 2024 | Disaster & Management, International News, Non-Life, Reinsurance, Risk Management
The ship crashed into one of the bridge’s supports, causing the structure to break apart like a toy. It tumbled into the water in a matter of seconds — a shocking spectacle that was captured on video and posted on social media. The vessel caught fire, and thick, black...
by AIP Online Bureau | Jan 3, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
The Suez Canal is used by roughly one third of global container ship cargo. Redirecting ships around the southern tip of Africa is expected to cost up to $1 million in extra in fuel for every round trip between Asia and northern Europe Denmark’s Maersk and...
by AIP Online Bureau | Dec 15, 2023 | Eco/Invest/Demography, International News
“Following the near-miss incident involving Maersk Gibraltar yesterday and yet another attack on a container vessel today, we have instructed all Maersk vessels in the area bound to pass through the Bab al-Mandab Strait to pause their journey until further...
by AIP Online Bureau | Dec 8, 2023 | Eco/Invest/Demography, Non-Life, Reinsurance
“Moving into 2024, insurance premiums continue to be raised for vessels bound for Israel, which has brought about the need for Maersk to officially implement an Emergency Risk Surcharge (ERS),” the Danish company said in a statement Shipping group A.P. Moller-Maersk...
