Marine Cargo Insurance
Covering the latest cargo and freight related insurance news and analysis from across the globe.
- Car carrier Höegh Xiamen declared a CTL July 6, 2020Car carrier Höegh Xiamen (IMO 9431848), which caught fire early last month off Jacksonville, Florida, has been declared a constructive total loss (CTL). The vessel is owned by Ocean Yield ....
- Cargo vessel boarded by pirates July 6, 2020Cargo vessel Kota Budi (IMO 9638630) was reported boarded by armed pirates off Benin, West Africa. Maritime security consultancy Dryad Global said that five Chinese national crew members .....
- Loss prevention at Steamship, events last year July 6, 2020Chris Adams, Head of Loss Prevention at Steamship Mutual, wrote an extensive piece for the mutual's annual management report, detailing the incidents that led to losses at Steamship Mutual ....
- Marine accident round-up : 6th July 2020 July 6, 2020On Friday IMN referred to the Celanova (IMO 9268394) as a chemical oil products tanker. It is in fact an LPG tanker. Thanks to Bill Millar at Secumarit for pointing this out ....
- Oil storage at sea beginning to ebb away after earlier storage shortage July 4, 2020Tens of millions of barrels of crude and oil products that had to be stored on tankers at sea earlier this year because demand fell dramatically and land units filled up, due to the Covid ....
- Steamship brings combined ratio close to 100% for 2019/20 July 3, 2020P&I Club Steamship Mutual has reported a 99.8% combined ratio for the 2019/20 financial year, which runs through to February 20th. Armand Pohan, Chairman of the Board, said in his ....
- Marine accident round-up : 3rd July 2020 July 3, 2020General cargo ship Izumo (IMO 9414967) caught fire at Chittagong, Bangladesh, during the afternoon of July 1st. Several fire engines and a tug were deployed in firefighting. The vessel had ....
- CMA CGM imposing congestion surcharges in Cape Town July 2, 2020Container shipping line CMA CGM has told customers that it would be imposing emergency congestion surcharges at Cape Town port in July, following disruptions caused by the Covid-19 ...
- Livestock carrier delayed in South Africa because of legal dispute July 2, 2020Livestock carrier Al Messilah (IMO 7924425) has been delayed at the port of East London, South Africa because of a legal dispute over whether she can load a cargo of South African sheep .....
- Syndicate Results 2019 #54 Syndicate 2007 Axis July 2, 2020Axis Syndicate 2007 is a Lloyd’s Syndicate of Axis Capital Holdings Ltd (ACHL), the Bermuda-based holding company for the Axis group of companies (Axis). It is managed by Axis Managing ....