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.
- US Treasury unsanctions Iranian oil, etc, for 60 days June 23, 2026The US Treasury’s Office of Foreign Assets Control has published General License X, which authorizes the “Production, Delivery and Sale of Crude Oil, Petrochemical Products .....
- What sanctions are there on Iran, and which ones will be lifted? June 23, 2026With the status of the MoU under strain, and the Strait of Hormuz at the weekend taking on a status akin to that of Schrödinger’s Cat, being both alive (US) and dead (Iran) ....
- Hormuz Strait oil-tanker traffic picks up again on Monday June 23, 2026Iran has increased the amount of oil it is sending openly through the Strait of Hormuz. Shipping activity on Monday picked up again after Iran pulled back from its “closure” ....
- QBE names NorthStandard’s O’Brien as head of P&I for Asia June 23, 2026Australia-based insurance group QBE has appointed Callum O’Brien as head of protection and indemnity (P&I) for Asia, the company said on Monday ....
- Drone hits Turkish vessel in Black Sea June 23, 2026The Victress (IMO 9030498), a small Turkish-owned dry bulker, was struck by a drone in the Black Sea on Monday June 22nd. The ship caught fire after being hit by what ....
- Kerch Strait ferry hit by Ukraine; fuel supplies to Crimea affected June 23, 2026Ukraine launched another attack on the ferry crossing at Kerch Strait overnight Saturday June 20th/21st. Ukrainian drones hit the port at Kerch, Crimea, destroying the majority ....
- Communication shortcomings contributed to allision and sinking June 23, 2026Failure by the master and pilot of the bulk carrier Pacific Century (IMO 9568902) to discuss unambiguously and then agree on departure procedures led to the vessel making contact with a ....
- Venezuela crude exports soar in 2026 June 23, 2026The overthrowing of President Maduro by the US, the installation of a more US-friendly regime, and the closure of the Strait of Hormuz from March 1st, have all contributed to ....
- Misaligned charter terms lead to $110,000 settlement against shipbroker June 23, 2026A mismatch in contract terms has led to a $110,000 settlement against a shipbroker, reports International Transport Intermediaries Club (ITIC). The Club said that the settlement ....
- Syndicate Results 2023 #62 Beazley Furlonge 3623 June 23, 2026The Lloyd’s syndicates have now published their results for 2025 and, in some cases, added detail and an outlook for 2026. Some have stuck to the bare bones. As in the previous few years ...