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.
- Insurance Marine News –Tuesday August 11th 2026 August 11, 2026Insurance Marine News –Tuesday August 11th 2026
- Container ship MSC Silvana VIII (IMO 9309459) has sunk near Daishan, Zhoushan, China after it suffered progressive flooding following a grounding days after departing a ship repair yard on July 11th (see yesterday’s IMN). The 8,401 teu vessel sunk after multiple attempts to refloat the vessel were unsuccessful. The vessel had arrived at the Zhoushan ship repair yard on June 22nd after leaving Gwangyang after two days’ stay, South Korea. It remained at the facility for 19 days before departing on July 11th. The precise cause, timing and circumstances of the casualty have not yet been officially confirmed. However, the vessel was reported to have encountered complications while leaving the repair berth. It was then driven aground during the harsh weather associated with Typhoon Bavi, causing it to develop an initial list and take on water. Things got worse from there. Several attempts were made to refloat the vessel. It was initially pulled free by tugs but, bad weather caused it to ground a second time at a different location. The vessel continued to take on water and by early August key areas including the stern, engine room and several cargo holds were flooded. By August 6th the vessel’s large section of the hull was submerged. Around 3,000 tonnes of fuel had been removed to improve the chances of another refloating attempt. However, Typhoon Dolphin has lashed into China, making landfall near Zhoushan, Zhejiang and Fuding. 2006-built, Cyprus-flagged, 94,489 gt MSC Silvana VIII is owned by Proviso Corp care of MSC Mediterranean Shipping Co of Geneva, Switzerland. ISM manager is MSC Shipmanagement Ltd of Limassol, Cyprus. August 11, 2026Container ship MSC Silvana VIII (IMO 9309459) has sunk near Daishan, Zhoushan, China after it suffered progressive flooding following a grounding days after departing a ship repair yard on...
- Türkiye resumes Black Sea ship transits via Dardanelles August 11, 2026
- US Coast Guard helps rescue 22 members of vessel suffering engine-room fire August 11, 2026All 22 crewmembers of vehicle carrier Min Jiang Kou (IMO 9991771) were rescued following an engine room fire on August 6th. The rescue operation was coordinated by the US Coast Guard. No injuries...
- AXA XL Re appoints two senior underwriters to Marine & Energy team August 11, 2026AXA XL Reinsurance, part of AXA XL, the property, casualty and specialty risk division of global insurance group AXA, has appointed Stephen Barnard and Callum Higgins as Senior Underwriters in its...
- UK Club appoints Jeong-Sook Kim as Senior Underwriting Director, South Korea August 11, 2026UK P&I Club has announced the appointment of Jeong-Sook Kim as Senior Underwriting Director, with initial responsibility for the Korean market. Based in the Clubs London office, Ms Kim will work ...
- Accredited selects Hellenic Hull as first dedicated ocean marine MGA partner August 11, 2026Accredited Insurance (Europe) Ltd and Hellenic Hull Management (HM Insurance Agencies) Ltd have entered into a delegated authority partnership covering Hull & Machinery, ancillary marine risks and...
- Japan Club reports gross tonnage of 81.9m in annual report August 11, 2026In its just released full financial report for 2025/26, Japan Club said that during the course of the 2025 policy year, the Association welcomed new entries totalling 5.3m gt for ocean-going owners...
- Maersk, Hapag-Lloyd resume more sailings through the Suez Canal August 11, 2026Denmark-based shipping group Maersk and Germany-based Hapag-Lloyd are to bring Gemini service SE4 back to the Red Sea. The resumption of sailing via Suez and the Red Sea rather than round the Cape...
- Pilot on non-emergency call before fatal Houston Ship Channel collision August 11, 2026A Houston ship channel pilot spent many minutes on a personal mobile phone conversation, resulting in him failing to maintain a proper lookout. This led to the fatal 2024 collision between the...