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 – Thursday October 8th 2026 October 8, 2026Insurance Marine News – Thursday October 8th 2026
- Tanker on fire off Russian coastline after drone attack October 8, 2026Crude oil tanker Aframax Rio (IMO 9273844) caught fire after being struck by a Ukrainian drone off Russia’s southern coast. The vessel’s 23 crew members – all Indian nationals – were reported as...
- Tanker hit in Hormuz, 12 crew injured October 8, 2026A dozen crewmembers were injured on October 6th when crude oil tanker On Peace (IMO 9893204) was struck by an unknown projectile while transiting the Strait of Hormuz. The Indian Ministry of Exter...
- Antares promotes Hinds to Class Underwriter, Specie October 8, 2026Specialty insurance and reinsurance group Antares Global has promoted Amelia Hinds to Class Underwriter, Specie. She will be based in London. Antares said that Hinds brought more than 13 years of...
- Gallagher unit buys London-based marine-focused solicitors October 8, 2026Gallagher Bassett, the claims and risk management solutions subsidiary of Illinois-based Arthur J Gallagher & Co, has announced the acquisition of London, UK-based Winter & Co Solicitors LLP. Terms...
- FMC threatens large penalty on COSCO after payment is delayed October 8, 2026Proxy economic spats between Washington DC and Beijing are continuing, with the US Federal Maritime Commission (FMC) last week filing a “Show Cause” order against Chinese carrier COSCO. That order...
- Virgo Transport 8 to be raised intact in order to recover remains October 8, 2026The insurer and the owner of the lost passenger / vehicle RoRo Virgo Transport 8 (IMO 8625179) have reached an agreement to raise the wreck of the sunken vessel, which could assist in the recovery...
- Panamanian registry falls down the rankings after clampdown on sanctioned ships October 8, 2026Panama’s maritime flag has had an interesting history. Known for many years as the ultimate “flag of convenience” (when the term was still frequently used in a pejorative sense) it moved up the...
- Price discounts demanded for Venezuelan oil October 8, 2026Major international oil trading firms Vitol and Trafigura have been demanding bigger discounts on Venezuelan crude oil as a result of rising freight rates, reports Reuters, citing five sources...
- Port of Ceuta operating under increased ISPS Security Level 2 October 8, 2026The large number of migrants who entered Ceuta, together with the continued presence of migrants in and around the port area, has increased the danger of individuals attempting to gain unauthorized...