Marine Cargo Insurance
Covering the latest cargo and freight related insurance news and analysis from across the globe.
- Round up April 17th 2015 April 17, 2025Four crewmembers sustained minor injuries on April 13th after a fire broke out aboard coal-carrying vessel Altzek (IMO 9621417) near the city of Nampula, northern Mozambique. The fire was brought...
- Shots fired at vessel off Yemen April 17, 2025The United Kingdom Maritime Trade Operations (UKMTO) said on Tuesday April 15th that it had received a report of an incident for a vessel 100nm east of Aden, Yemen. If confirmed, it would mark the...
- Chevron’s Venezuelan oil cargoes are cancelled amid payment worries April 17, 2025At least two vessels carrying Venezuelan crude that had been chartered by US-based oil giant Chevron have been paused due to Venezuelan state oil company PDVSA cancelling their export authorizations.
- Round up 16th April April 16, 2025The Russian captain of the Solong, Vladimir Motin, appeared before at London’s Central Criminal Court on April 14th via video link. He is charged with gross negligence manslaughter over the death o...
- German court to review seizure of Russian ‘shadow fleet’ tanker April 16, 2025A German court will review a government-backed request to release seized oil tanker Eventin (IMO 9308065), which was believed to be part of a so-called shadow fleet used by Russia to circumvent oil...
- Russian oil shipments using western tankers at sub-$60/barrel could be a “new normal” April 16, 2025An apparently at-least-medium-term fall in the price of oil has meant that Urals crude and other Russian blends are trading at a significant level lower than the $60 a barrel price cap created by...
- Increase in blank sailings as US and China tit-for-tat tariff war continues April 15, 2025Global supply chain managers have said that they were seeing more blanked container sailings in the week that tariff levels imposed by the US and China on each other reached levels so high that they..
- Round Up April 14, 2025Markel International's head of specie Rob Ashby has resigned and is set to join Argenta to lead its specie division, reports Insurance Insider. Power station vessel KPS Orhan Ali Khan...
- Rhine shipping costs in Germany rise after lack of rain April 14, 2025Freight shipping costs on the Rhine river in Germany rose significantly last week as a lack of rain meant that water levels fell still further. This forced vessels to sail at less than half their...
- Stena Immaculate ready to enter port April 14, 2025The immediate consequences of the accident on March 10th which saw products tanker Stena Immaculate (IMO 9693018) struck by feeder containership Solong (IMO 9322554) were nearing a close late last...