by AIP Online Bureau | Dec 26, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
The world’s top shipping firms, including Maersk and Hapag Lloyds, stopped transiting the Red Sea after Yemen’s Houthi militant group starting targeting vessels earlier in December, disrupting global trade through the Suez Canal Germany’s Hapag-Lloyd...
by AIP Online Bureau | Dec 22, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
In total, Maersk said a standard 20-foot container travelling from China to Northern Europe now faced an extra charge of $700, consisting of a $200 TDS and $500 PSS. Containers bound for the east coast of North America will be charged $500 each, consisting of the $200...
by AIP Online Bureau | Dec 21, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
This week, provisional chartering rates for a Suezmax tanker to move oil from Iraq to the Mediterranean rose above 90 worldscale points, said shipbrokers. That’s a sharp jump from between 75 to 85 points in provisional bookings made in the past week. These points...
by AIP Online Bureau | Dec 4, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Technology
Shipping is a major source of carbon emissions and the industry spewed more than 1 billion tons in 2018. While the sector is making some moves toward decarbonising, progress is relatively limited so far, with the vast majority of the world’s fleet still running on...
by AIP Online Bureau | Jul 24, 2023 | International News, Non-Life, Reinsurance, Workplace/Employee Benefits
Additional war risk insurance premiums, which are charged when entering the Black Sea area, need to be renewed every seven days. They already cost thousands of dollars and are expected to go up, given also the risk of floating mines War risk cover for Russia’s...
