by AIP Online Bureau | Jun 27, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
“The perception among shipowners is that due to the convoluted nature of shipping it’s hard to know or ascertain clearly a chain of ownership to nationalities which may be under higher threat in shipping, namely the UK, U.S. and Israel,” said Ami Daniel, chief...
by AIP Online Bureau | Jun 19, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
Underwriters are now charging 0.2% of the value of a ship for calls into the Gulf, up from 0.125% prior to the conflict breaking out, according to Marcus Baker, global head of marine cargo and logistics at Marsh McLennan, the largest insurance broker. Rates have also...
by AIP Online Bureau | Jun 18, 2025 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
Commercial insurance companies won’t provide coverage for ship that runs on fission because the potential cost of a nuclear accident is simply too high. Without insurance, few civilian ports would allow a nuclear-powered cargo ship to dock The commercial shipping...
by AIP Online Bureau | Jun 15, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
“We have reports that more ship owners are now exercising extra caution and are opting to stay away from the Red Sea and the Persian Gulf,” said Jakob Larsen, chief safety & security officer with shipping association BIMCO. Merchant shipping is continuing to pass...
by AIP Online Bureau | Mar 10, 2025 | Disaster & Management, International News, Non-Life, Risk Management
The tanker, believed to be the U.S.-flagged chemical and oil products carrier MV Stena Immaculate, was at anchor at the time after sailing from Greece, according to ship-tracking site VesselFinder. The cargo vessel, Portugal-flagged container ship Solong, was sailing...
