Insurance

Insurance

Black Sea shipping rates rise as reinsurers cut cover

portnews - January 8, 2023

Costs for hiring ships to transport commodities from the Black Sea have risen by more than a fifth since the start of the year,...

Insurance

Britannia P&I Launches Tr(B) Americas

portnews - January 8, 2023

Tindall Riley & Co / the Managers of Britannia P&I announce that on 5 January 2023 it acquired its former exclusive correspondent, B Americas...

Insurance

P&I Q Scholarship 2023

portnews - January 7, 2023

The International Group of P&I Clubs and The Education Committee have announced the expansion of its annual scholarship programme. Last year, the Group’s Education Committee awarded two scholarships...

Insurance

P&I Clubs cancel war risks covers from January 1 in Russia, Belarus, Ukraine

portnews - January 2, 2023

Ship reinsurers have faced huge losses, leading the insurers of ships to cancel covering war risks in Russia, Belarus and Ukraine from January 1,...

Insurance

Japan insurers to maintain cover for LNG vessels in Russian waters

portnews - January 1, 2023

Japanese insurers are expected to maintain marine war insurance, which covers the sinking and requisition of ships due to war in Russian waters for...

Insurance

Media: Japan insurers to continue Russia shipping coverage

portnews - December 30, 2022

Amid increasing unwillingness among ship insurers to cover claims related to Russia’s war in Ukraine, Japanese insurers will maintain coverage in January, according to...

Insurance

Ship insurers to cancel war cover for Russia, Ukraine from Jan. 1

portnews - December 30, 2022

Ship insurers are cancelling war-risk coverage across Russia, Ukraine and Belarus from January, leaving cargo and freight companies liable for major losses linked to...

Insurance

Japanese Insurers Agree to Cover War Risk for Sakhalin-2 LNG Shipments

portnews - December 29, 2022

Japanese marine insurers have reversed course on a plan to suspend war risk insurance for voyages in Russian waters. Western reinsurers have largely abandoned the...

Insurance

Japan Insurers to Continue Offering War Coverage for LNG Shippers in Russian Water

portnews - December 29, 2022

Japanese insurers are expected to continue providing marine war insurance which covers the sinking and requisition of ships due to war in Russian waters...

Insurance