Political Risk, Credit & Finance
The latest changes in political risk, credit, finance that effect the marine insurance market.
- West to apply 5% General Increase; says that inflationary pressures persist November 6, 2026West P&I Club will apply a 5% General Increase for the 2027/28 policy year as it warned of “challenging conditions across the portfolio”. Churn was “likely to weigh on premium levels ....
- Panama Canal to name shortlisted bidders for terminal project by year-end November 6, 2026The Panama Canal expects to announce the pre-qualified bidders for a new terminal project by the end of the year, administrator Ilya Espino said on Wednesday November 4th ....
- EU Court of Justice upholds restrictions on Russian Maritime Register November 6, 2026The Court of Justice of the European Union has upheld most of the restrictive measures the European Council had imposed against the Russian Maritime Register of Shipping .....
- OFAC takes aim at fraudulent ship registries November 6, 2026The US Office of Foreign Assets Control (OFAC) on Wednesday November 4th sanctioned a network of individuals and companies that it accused of operating fraudulent ship registries ....
- New Jersey Governor warns ports against handling Russian diesel November 6, 2026Rebecca ‘Mikie’ Sherrill, Governor of New Jersey, has warned port and terminal operators not to accept Russian diesel shipments heading toward the US East Coast. She said that the .....
- Shipowners’ Club announces no general increase for 2027, reports good growth and investment returns in H1 November 5, 2026Group Club Shipowners’ has reported a Combined Ratio of 100.1%, with an underwriting deficit of $0.2m, for the first half of the 2026 financial year (January to June). This compares with a ....
- Steamship will apply 4% General Increase for 2027/28, reveals 10% Capital Distribution November 5, 2026Group Club Steamship Mutual will apply a 4% General Increase for policies next year, while enabling a 10% capital distribution to members, worth some ....
- Norwegian detention of sanctioned Chinese vessel raises bar on Arctic activity November 5, 2026Norway has detained a Chinese-owned heavy-lift vessel on the grounds that it was suspected of sailing under a false flag ....
- Villa Vie Odyssey reportedly leaves Cambodia, without its November 5, 2026Only a few days after residential cruise ship Villa Vie Odyssey (IMO 9000699) told its passengers to disembark in Cambodia, reports have emerged that the ship has been seized by creditors ....
- MSC Cruises says “regulatory matter” with USCG forced cruise cancellation November 5, 2026The scheduled cruise on MSC Poesia (IMO 9387073) to the Caribbean from Miami had to be cancelled because of “regulatory matters” that were discovered during a US Coast Guard .....