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.
- Ukraine strikes tankers in the Black Sea July 16, 2026After claiming hits on 116 vessels in the past nine days in or around the Sea of Azov – the majority of them modestly sized bulk carriers with grain as their major cargo ....
- American Club holds annual meeting of members July 16, 2026During the Annual Meeting of the Members this week the American Club’s Annual Report and Accounts for the year ended December 31st 2025 were .....
- Iran threatens to block more sea routes July 16, 2026Iranian leaders were reported late on Tuesday July 14th to be considering ways that they could further escalate economic pressure on the US. Official news channel IRIB issued a ....
- Bulk carrier sinks in Iranian port July 16, 2026An elderly bulk carrier, the Luni (IMO 9070711) split in two and partially sank off the coast of Bandar Abbas, Iran, on July 14th. All 23 crewmembers were rescued ....
- New sanctions from US target Iran shipping July 16, 2026The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced on Tuesday July 14th that it was adding new sanctions targeting more than 50 individuals .....
- Iran-linked vessels race to beat start of new US blockade July 16, 2026The number of vessels transiting through the Strait of Hormuz increased slightly on Jul 14th compared with the day before, but this was solely the result of Iranian vessels racing to exit ....
- One dead, two missing from sunken boat in Bay of San Francisco July 16, 2026One person was confirmed deceased and two others were missing on Tuesday July 14th after a triple-deck pontoon boat capsized near Alcatraz Island in San Francisco ....
- MAIB opens preliminary assessment into crew member’s death on ferry July 16, 2026The UK Marine Accident Investigation Branch (MAIB) has opened a preliminary assessment into an incident on the passenger vessel Hebridean Princess (IMO 6409351) on June 16th, when a ....
- There were just 35 incidents of armed robbery against ships in Asia reported during the first half of 2026, according to the ReCAAP Information Sharing Centre (ReCAAP ISC). This meant that across Asia the number of incidents recorded between January and June was the lowest for this period since H1 2019. ReCAAP remained concerned specifically about opportunistic armed robberies the Straits of Malacca and Singapore (SOMS), but even there it noted a strong decline year-over-year in incidents – probably the result of police actions in apprehending repeat offenders. The total number of incidents was down by nearly two thirds year on year, with 96 incidents reported during H1 2025. The Straits of Malacca and Singapore remained the primary area for piracy and armed crime, followed by an increase in incidents in the Philippines. ReCAAP ISC Executive Director Vijay Chafekar said that “the sharp decrease in incidents in the SOMS in the first half of 2026 can be attributed to the combination of effective preventive measures by the shipping industry and firm operational response by the law enforcement agencies of the littoral states”. He noted that “the residual petty theft cases are localized in the eastbound lane of the Phillip Channel in the Singapore Strait. These incidents can be contained by implementing visible countermeasures onboard ships”. The majority of incidents across Asia, 20 of the 35, were in the eastbound lane of the Singapore Strait. The incidents mostly targeted bulk carriers (62%) or barges (29%), with engine spare parts being stolen in about a third of the cases. Scrap metal was also being stolen from the barges. Most of the incidents happened at night. In 44% of cases the perpetrators were carrying knives or guns. However, in only 10% of the SOMS cases were crewmembers threatened or injured. Most of the incidents were opportunistic theft and non-confrontational, usually when ships were underway Most often, if they are detected on a ship, they flee. There were 10 incidents reported this year in the Philippines, compared with zero in 2025. The Coast Guard arrested several perpetrators between January and April. There were no reported incidents of abduction of crew in the once notorious Sulu-Celebes Seas and waters off Eastern Sabah, nor had there been any for more than six years. July 16, 2026There were just 35 incidents of armed robbery against ships in Asia reported during the first half of 2026, according to the ReCAAP Information Sharing Centre ....
- BP plans withdrawal from Japanese offshore wind project July 16, 2026Global oil major BP is continuing its (partial) pivot back to more traditional energy production by looking to withdraw from an offshore wind power project off the coast of Yamagata ....