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...
by AIP Online Bureau | Jan 29, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Six ships linked to the US and UK have successfully transited the area without coming under attack since Jan. 19, when the Houthis said they would stop targeting vessels associated with those countries, according to the Joint Maritime Information Center, which...
