Insurance

Insurance

Gard Club: Fire safety onboard ships remains a continuous concern

portnews - May 9, 2022

The Gard Club provides useful information regarding the fire safety onboard ships, stressing that fire accidents remain a continuous cause for concern. In April 2022,...

Cape Lopez Port

Perenco Declares Force Majeure after Oil Terminal Leak in Gabon

portnews - May 6, 2022

Anglo-French oil company Perenco has declared force majeure for 150 days following a leak at its Cap Lopez oil terminal in Gabon last week,...

Energy

EU Could Ban European Insurance and Tanker Transport for Russian Oil

portnews - May 5, 2022

To accompany its proposed ban on the importation of Russian oil, the European Union may also decide to prohibit European companies from providing maritime...

Insurance

Poseidon Principles for Marine Insurance enter into force

portnews - May 5, 2022

Navium Marine and AXA XL have joined the Poseidon Principles for Marine Insurance as the eighth and ninth signatories, allowing the Principles to enter...

Insurance

NorthStandard proposal gathers support

portnews - May 5, 2022

Consolidation has long been predicted in the mutual P&I sector, but the proposed merger of marine insurance majors North P&I and the Standard Club...

Insurance

Poseidon Principles for Marine Insurance hold founding meeting and enter into force with Navium and AXA XL as latest Signatories

portnews - May 5, 2022

The Poseidon Principles for Marine Insurance are a global framework for measuring and publicly reporting the climate alignment of insurers' hull and machinery portfolios....

Insurance

Marine Insurance Industry Braces for More Risk

portnews - May 4, 2022

The marine insurance industry is bracing to face expanded, multidimensional risk. That is the consensus of a number of panelists speaking Tuesday at the Marine...

Insurance

Poseidon Principles enter into force after reaching Signatories threshold

portnews - May 4, 2022

The Poseidon Principles for Marine Insurance announced that they are now entering into force, after the number of its Signatories surpassed the threshold of...

Insurance

‘Know your shipper’ warns TT Club, as lithium battery fires spread

portnews - May 4, 2022

More fires on containerships and car-carriers are forcing the industry to focus on the dangers of lithium ion batteries – found in most modern...

Fuel Bunkering Power

Compensation adds to Singapore bunker contamination row

portnews - May 4, 2022

Repost: Shipowners that have suffered losses from taking contaminated high-sulphur fuel oil (HSFO) in Singapore are uncertain how they will be compensated, as a...

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