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.
- China tells companies to defy US sanctions relating to Iranian oil imports May 7, 2026A couple of weeks ago the US pivoted its fight against Iran from a military strategy to an economic one, unleashing Operation Economic Fury. That consisted not only of a blockade of Iranian ports’...
- Iran announces Strait of Hormuz “toll” system May 7, 2026Iran has launched the Persian Gulf Strait Authority, providing shipowners with an official email address – [email protected] – through which they can arrange transit authorisation with the Islamic...
- OOCL challenges FMC court system after $45m ruling May 7, 2026Orient Overseas Container Line (OOCL) has launched a legal challenge against a $45m adjudication by the US regulator the Federal Maritime Commission (FMC). OOCL argued that the process was uncon...
- AMSA bans another vessel after alleged underpayment of wages May 7, 2026The Australian Maritime Safety Authority (AMSA) has issued a ban on the bulk carrier FPMC B Forever (IMO 9445253). It is the third AMSA ban in two months. During a PSC inspection on in Newcastle...
- Sola Gratia is lifted from water in Antwerp salvage operation May 7, 2026A lifting operation has removed the sunken 86m x 8m inland cargo ship Sola Gratia (MMSI 244700831) from the water inland near Antwerp, Belgium. On Sunday, May 3rd the vessel, which two weeks ago had..
- Venezuelan oil exports rise to seven-year high May 7, 2026Oil exports from Venezuela rose to 1.23m bpd in April, its highest level for more than seven years and 14% up in March. The increase came from more sales to the US, India and Europe, according to...
- Iranian tankers have legal right of passage in Lombok Strait, says Indonesia May 7, 2026Indonesian officials have responded to reports that Iranian crude oil tankers are transiting the Lombok Strait. Indonesia said that the Iranian vessels would not be stopped from so doing, because ...
- Sweden detains another vessel under suspicion of fake flag May 7, 2026Swedish prosecutors have arrested the captain of a product tanker that was detained on May 3rd in Swedish waters on the Baltic Sea. Sweden has detained five vessels since the beginning of March...
- Closure of Strait of Hormuz curbs dry bulk demand growth: BIMCO May 7, 2026The Iran war and the resulting disruptions to ship transits through the Strait of Hormuz have increased uncertainty for both the global economy and the dry bulk market, according to Filipe Gouveia...
- Crew rescued after cargo ship sinks off Greece, coast guard says May 7, 2026Greece has rescued all nine crew members, eight of them Turkish nationals and one from Azerbaijan, after a cargo ship hit rocks and sank off the island of Andros early on Wednesday May 6th,...