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.
- Red Sea war insurance costs rise after Houthis announce Saudi blockade July 22, 2026War-risk insurance premiums for vessels transiting the Red Sea rose sharply on Monday July 20th after the Houthis announced restrictions on Saudi-linked maritime traffic. Insurance industry sources...
- Sinokor and Dynacom two of biggest players in SoH movements July 22, 2026Two of the most significant shipping players in the region since the conflict broke out at the end of February have been Greece-based Dynacom and South Korea’s Sinokor. Neither has had a particular...
- Insurance Marine News – Wednesday July 22nd 2026 July 22, 2026Insurance Marine News – Wednesday July 22nd 2026
- Three crew hurt as LPG Tanker is damaged by drone attack in Black Sea July 22, 2026Small LPG tanker Gas Lisbon (IMO 9267974) was struck by a drone during the night of July 20th while it was transiting Romania’s Exclusive Economic Zone (EEZ) in the Black Sea. A fire resulted. All...
- Number of SoH vessel crossings slipping nearer to zero July 22, 2026The short period when the ceasefire between the US and Iran was holding, and north of 50 ships a day occasionally transited the Strait of Hormuz, seem like halcyon days. Vessel crossings via the...
- Chopping up of MSC Baltic III begins July 22, 2026The salvage crews have started chopping up the grounded containership MSC Baltic III (IMO 9241475), approaching 18 months after the ship ran aground off a remote part of Newfoundland. On July 16, ...
- Argentina formally ratifies the Nairobi Wreck Removal Convention July 22, 2026Gard’s correspondent in Argentina, Simonsen, has reported that Argentina has formally ratified the Nairobi International Convention on the Removal of Wrecks (2007), following the enactment of Law....
- Plastic pellets (nurdles): India moves ahead with targeted controls July 22, 2026Emma Forbes-Gearey, Loss Prevention Officer, West P&I, has written that plastic pellet pollution remains a concern in shipping due to incidents of nurdle spillage. India has now taken action..
- Defence worry sees Sweden permit two offshore wind farms, but it denies 11 more July 22, 2026Sweden continues to emphasize that it needs to develop new power sources and green power in particular if it wants to remain competitive, but the government has still decided to deny 11 pending...
- USCG resumes monitoring of Chinese research vessels that are entering the Arctic July 22, 2026The US Coast Guard has resumed monitoring of Chinese research vessels for another summer as they entered the Bering Sea, transiting through US and international waters. Last year the USCG noted a...