Political Risk, Credit & Finance
The latest changes in political risk, credit, finance that effect the marine insurance market.
- Maersk subsidiary to operate Panama terminals temporarily after court ruling February 2, 2026The Panamanian Supreme Court has ruled that Hong Kong-based CK Hutchison’s contract to operate terminals at either end of the Panama Canal is unconstitutional ....
- FMC confirms closing of harbour maintenance tax loophole February 2, 2026Two US Federal Maritime Commission (FMC) commissioners confirmed last week that the current administration has begun implementing enforcement measures that will close the tax loophole ....
- Mexico asks US to avoid tariffs on oil it ships to Cuba February 2, 2026One of the notable statements by US Secretary of State Marco Rubio when questioned by congress in the immediate aftermath of the executive’s recent actions in Venezuela was that the .....
- Recent industry claims development more stable, says Steamship Mutual January 30, 2026Following its board meeting in Tokyo on January 27th International Group Club Steamship Mutual reviewed the claims experience across the Club, noting that the current policy year had seen ....
- AM Best maintains “A-” rating for The Swedish Club; outlook stable January 30, 2026Rating agency AM Best has maintained its Financial Strength Rating of A- (Excellent) rating for The Swedish Club, with a stable outlook. AM Best noted the Club’s “very strong” ....
- Vineyard become fourth US offshore wind project to win business continuation injunction January 30, 2026The US District Court for the District of Massachusetts has ruled that Vineyard Wind can resume full activities in its lease area on the Outer Continental Shelf. The ruling means that four ....
- Palau revamps shipping register as ICS issues annual Flag State table January 30, 2026The government of the republic of Palau has reinstated Panos Kirnidis to head its ship registry, six weeks after bringing the flag back under state control. The US had imposed sanctions on the ....
- Fatal sinking of ferry leads Philippines to place “no-sail” order on ferry operator January 30, 2026The Philippine Coast Guard has issued a no-sail order to the entire fleet of Aleson Shipping Lines, the operator of the Trisha Kerstin 3 (MMSI 529296000) after the ferry sank over the weekend ....
- 14 European countries warning on international navigation safety standards January 29, 2026A joint warning has been issued to the global maritime industry demanding strict compliance with international navigation safety standards and maritime law. The move was seen as a coordinated ....
- Nearly 300 tankers flying false flags, says Windward AI January 29, 2026About 285 tankers were sailing under false flags at the turn of the year, reports maritime analyst Windward, which said that it had identified 18 fraudulent registries (operating without the ....