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.
- West P&I Club books combined ratio of 98.0% for 2025-26 May 15, 2026In its summary of performance during policy year 2025-26, Group Club West has recorded a combined ratio for the 2025-26 financial year of 98.0%, compared with 103.9% in 2024/25 ....
- Maryland announces final settlement with Synergy and Grace Ocean May 15, 2026The US State of Maryland has reached a final settlement of $2.25bn with the owner of containership Dali (Grace Ocean Private Ltd) and its operator (Synergy Marine Pte Ltd) over claims against ....
- Vessel seized off Fujairah is heading toward Iranian waters May 15, 2026A ship that was off the UAE coast on the eastern side of the Strait of Hormuz has been taken by unknown people and was now headed towards Iranian waters ....
- Eneos Endeavor crosses Strait May 15, 2026Japanese VLCC Eneos Endeavor (IMO 9924091) has made it through the Strait of Hormuz, a rare AIS-free undercover transit through the Strait of Hormuz by a vessel from Japan ....
- Somali pirates claimed to have demanded $10m to release small product tanker May 15, 2026Reports have emerged of increasing demands from the pirates for the two laden product tankers, the Eureka (IMO 1022823) (IMN May 5th, May 12th) and the Honour 25 (IMO 1099735) ....
- IMO Maritime Safety Committee convenes in London May 15, 2026IMO Secretary-General Arsenio Dominguez opened the 111th session of the Maritime Safety Committee (MSC) of the IMO, running from May 13th to May 22nd, which brings together the ....
- Cuban sanctions update May 15, 2026Iran and Russia are not the only countries the shipping industry needs to pay close attention to when it comes to the threat of US sanctions. NorthStandard has noted that on May ....
- Fire re-emerged, eventually forcing ship abandonment May 15, 2026The Marine Accident Investigation branch (MAIB) has released its interim report into an accident on February 18th 2025 involving Maltese-flagged Container / RoRo vessel Grande Brasile ....
- MAIB draws attention to second vehicle cargo RoRo fire May 15, 2026In its interim report on the fire on the Grande Brasile (see previous story), the MAIB noted that on April 16th 2025 the MSIU was informed of a separate fire incident involving the ....
- Cefor reports on engine room fires May 15, 2026Engine room fires especially affect older vessels and certain vessel types, according to a report from Norway’s Cefor, the Nordic Association of Marine ....