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...
by AIP Online Bureau | Apr 9, 2022 | Intermediaries, International News, Non-Life, Reinsurance
Underwriters are charging as much as 10% of the value of a ship’s hull — basically the vessel’s worth as an asset — for what is called an additional war-risk premium, according to four people involved in the market. Some are simply quoting to cover at prices that they...
by AIP Online Bureau | Feb 25, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Ship insurers have quoted the additional premium rate for seven days at anywhere between 1% to 2% and up to 5% of insurance costs, from an estimated 0.025% on Monday before Russia’s invasion began, according to indicative rates from marine insurance sources This...
by AIP Online Bureau | Nov 9, 2021 | Climate, Environment, Renewable Energy, Facts, Non-Life
International shipping is a crucial part of the global economy — 90 per cent of the world’s trade is transported by sea. But almost all ships use fossil fuels and so the sector is also a major emitter of greenhouse gas pollution — with emissions roughly on a level...
