Latest news from the marine insurance sector
The latest news from the global marine insurance industry. Updated each working day and without any access restrictions.
- Beazley launches Lloyd’s ESG syndicate October 19, 2021Specialist insurer Beazley has received in-principle approval from Lloyd’s to establish Syndicate 4321, beginning January 1st 2022. The syndicate will focus exclusively on offering additional ....
- MSC containership dragged anchor near broken San Pedro Bay pipeline in January, say investigators October 19, 2021An MSC containership has been identified as a "party of interest" by investigators of the broken pipeline off the coast of southern California, which leaked oil in significant amounts at the ....
- Iranian supertanker leaves Venezuela October 19, 2021In what was reported by Reuters as a probable breach of US sanctions Iran-flagged supertanker on Saturday October 16th was about to set sail from Venezuelan waters carrying 2m barrels of ....
- South Africa’s Richards Bay bulk terminal declares force majeure October 19, 2021South African monopoly port operator Transnet declared a force majeure on Friday October 15th at its Richards Bay Bulk Terminal following a fire that broke out at the port on Wednesday .....
- Swedish Club achieved surplus in a tough year: Tysers October 19, 2021Broker Tysers has now released its annual assessment of the P&I Market and, in particular, the International Group Clubs. IMN will be summarizing the individual clubs over the coming days ....
- Draft surveys – a critical tool to defend dry bulk cargo shortage claims October 19, 2021Gard has updated an old article on the benefits of draft surveys, noting that they remained a means of checking that the shipper's figures inserted in the bill of lading are correct ....
- New report brings environmental threat of FSO Safer back into headlines October 19, 2021A research paper released early last week has brought back to public attention the case of the abandoned FSO Safer off Yemen’s Red Sea coast, virtually abandoned since 2015 with a hull that is .....
- ECDIS over-reliance and poor bridge resource management led to a vessel grounding October 19, 2021In the latest instalment of American Club's "Good Catch" initiative, the club reported on an incident of over-reliance on ECDIS and poor Bridge Resource Management (BRM) leading to a vessel .....
- Philippines losing global market share for sea crews October 19, 2021One apparent impact of Covid-19 has been to highlight the problems inherent in having a global shipping industry that in the past few decades has chosen to focus on only a few countries when ....
- Marine accident round-up : 19th October 2021 October 19, 2021General cargo ship Fortune (IMO 9160944) was reported to have drifted aground during the afternoon of October 17th on the northern coast of Jibei island, Penghu Islands, Taiwan .....