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.
- Effort underway to rescue 62 seafarers stranded on South Atlantic island October 19, 2020A rescue effort is underway to save 62 seafarers from Gough Island in the remote South Atlantic after research vessel Geo Searcher (IMO 8028498) struck rocks and sank on October 15th ....
- Tysers 2020 Marine Liability Report – The Clubs: #12, UK Club October 19, 2020Tysers congratulated UK Club on its "excellent investment return of 9.6%" which contributed $106m to the reserves. Elsewhere for the Club it was a quiet year. There was no tonnage growth ....
- Halifax clears container pile-up from Covid and Montreal dock strike October 19, 2020The port of Halifax, Nova Scotia, Canada, has been working to clear a backlog of containers that have been accumulating at its terminals because of a rebound in traffic after the easing of ....
- UN access to Yemen tanker ‘Safer’ could take some time October 19, 2020Hopes within the UN that access to crude oil tanker Safer could be achieved quickly appear to have been dashed. The tanker has been slowly falling apart in Yemeni waters for several years ....
- Gulf of Guinea kidnappings up 40% this year, reports IMB October 19, 2020Pirates in the Gulf of Guinea are attacking larger ships further offshore and are kidnapping bigger groups of seafarers as a result, according to the latest Piracy Report from London-based Inter ....
- How to deal with typhoons getting stronger – Standard Club October 19, 2020Yves Vandenborn, Director of Loss Prevention at Standard Club, has noted that the club had experienced a steady rise in weather-related claims because of typhoons and cyclones. He said in an ....
- Maersk anticipates $100m restructuring charge October 19, 2020Denmark-based Maersk has said that it expects to take a restructuring charge of around $100m in Q3 because of its previously announced redundancies. The approximately 2,000 redundancies are ....
- SCMA provides guidance for virtual arbitration October 19, 2020The Singapore Chamber of Maritime Arbitration (SCMA) has published Specimen Directions for Virtual Hearings which provides guidance to arbitrators, tribunals, and users of SCMA maritime ....
- South Africa remains a top hotspot for cargo crime, says TT Club October 19, 2020A new report, Freight Crime in South African Supply Chains, from TT Club and business improvement company BSI has highlighted South Africa's ongoing vulnerability to cargo ....
- Inland vessel rules change October 19, 2020Standard Club has informed all vessels with a community inland vessel certificate (CBB / UCB) that, further to the temporary postponement of enforcing documents for inland navigation by the ....