by AIP Online Bureau | May 22, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
The largest vessels will have to reduce their drafts — how low they sit in the water — by carrying less or cutting the weight of their cargoes as of May 24, followed by another decrease that kicks in on May 29. Some major ocean carriers have also announced new fees...
by AIP Online Bureau | Feb 22, 2023 | International News, Non-Life, Reinsurance, Risk Management
“The main root cause for cargo fires on container ships is the integrity of dangerous goods throughout the supply chain. Therefore it is a problem that can only be improved through industry wide solutions,” Maersk’s Aslak Ross said separately in a statement. Global...
by AIP Online Bureau | Aug 31, 2022 | International News, Non-Life, Reinsurance
AGCS analysis of over 240,000 marine insurance industry claims over the past five years (with a value of €9.2bn), shows that fire/explosion (from all causes) is the most expensive cause of loss, accounting for 18% of the value of all claims Singapore: Recent incidents...
by AIP Online Bureau | Aug 7, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
“We expect that the security guarantees of our partners from the U.N. and Turkey will continue to work, and food exports from our ports will become stable and predictable for all market participants,” Ukrainian Infrastructure Minister Oleksandr Kubrakov said on...
by AIP Online Bureau | Aug 4, 2022 | Eco/Invest/Demography, International News, Non-Life, Risk Management
Gas suppliers are rerouting or reducing speed on some liquefied natural gas (LNG) vessels currently en route to North Asia Shipments to Taiwan and Japan this weekend will be affected, said the sources SINGAPORE: China’s announcement of military drills around...
