Political Risk, Credit & Finance
The latest changes in political risk, credit, finance that effect the marine insurance market.
- Rights of Recourse: International Group announces changes for new policy year October 21, 2025Exclusion of cover for losses incurred due to waiver of rights of recourse otherwise available under the Hague or Hague/Visby Rules. The International Group of P&I Clubs has said that, with ....
- EU diplomatic arm urges member states to back inspections of Russian shadow fleet October 21, 2025The EEAS, the diplomatic arm of the EU, has urged member states to support a maritime declaration that would permit EU nations working with flag states to arrange inspections of oil tankers ....
- Shipping company rebases half of bulk carrier fleet October 21, 2025Hong Kong-listed Pacific Basin Shipping has decided to move half of its bulker fleet to Singapore and to reflag them under its Singapore entity in order to reduce exposure to new US port ....
- Marsh 2025 Group Club update #2 October 21, 2025For Marsh’s 2025 edition of the P&I Club update the broker engaged with the P&I clubs to gather their insights. Marsh distributed a survey to the managers of each club in June 2025 and asked ....
- Dynagas owner says UK sanctions on LNG vessels are “100% a mistake” October 20, 2025The Greek shipowner behind Dynacom, Dynagas, and Sea Traders has said that the sanctioning last week by the UK of three Dynagas-managed LNG carriers “100% a mistake”, according to ....
- Victory for US and Saudi Arabia in IMO Net Zero Framework battle October 20, 2025On Friday a majority of countries at the IMO meeting in London, held from October 14th to 17th,voted to postpone for a year a decision on a global carbon price on international shipping ....
- Mixed outlook for 2026 P&I renewals, says Marsh October 20, 2025The outlook for the upcoming 2026 Group Club renewals remained mixed, said broker Marsh as part of its latest update on the 12 International Group Clubs. Marsh said that some of the clubs ....
- Survivors from Caribbean vessel attacked by US Navy held on US Navy Ship October 20, 2025There were two survivors of a suspected drugs vessel struck last week by the US Navy with lethal force. The pair were being detained aboard a US Navy ship. This could make them the first ....
- Iranian tankers back offline after restarting AIS transmissions October 17, 2025In a rather mysterious development in the Middle East, most Iranian-flagged tankers on Tuesday had recommenced transmitting properly over Automatic Identification System (AIS), without ....
- USA and Saudi Arabia seek procedural route at IMO meeting to block Net Zero Framework October 17, 2025On the second day of this week’s extraordinary Marine Environment Protection Committee (MEPC) meeting in London, the USA and Saudi Arabia both proposed a procedural shift that could delay ....