Insurance

Companies

Ascot launches new U.S. Marine Insurance Structure

portnews - July 7, 2022

Ascot today announces the launch of a new U.S. Marine Insurance structure under the leadership of Tom Nasso, Executive Vice President. The new insurance division,...

Insurance

No duty of full and frank disclosure in Malaysia arrest proceedings

portnews - July 7, 2022

UK Club has noted that until recently it was not clear whether a party seeking to arrest a vessel in Malaysia had a duty...

Insurance

Saudi-listed shipping firm Bahri closes $1.04bn sukuk issuance

portnews - July 7, 2022

National Shipping Co. of Saudi Arabia, better known as Bahri, has completed the issuance of SR3.9 billion ($1.04 billion) sukuk, denominated in Saudi Riyals...

Companies

Entry-level vessel vetting product introduced by MIS Marine

wpoadmin - July 7, 2022

Marine assurance technology company MIS Marine has launched its new entry-level product, Mainstay Core, offering consolidated vetting data and snapshot views of sanction data...

Insurance

Hong Kong’s Jumbo Floating Restaurant not insured for hull, say owners

portnews - July 6, 2022

Aberdeen Restaurant Enterprises, the parent company of Hong Kong’s Jumbo Floating Restaurant, has said that it would not receive any insurance payout for the...

Insurance

Tai Prize Case Highlights Difficulties for Masters over Bills of Lading, says Swedish Club

portnews - July 6, 2022

The recent case of the Tai Prize has underlined how important it is for a Master to fully understand the implications of signing a...

Insurance

Force Majeure declared in Libya

portnews - July 1, 2022

Libya’s National Oil Corproration (NOC) has declared a Force Majeure for the es Sider and Ras Lanuf terminals and the Al-Feel field, with the...

Insurance

London P&I Club strengthens team in Hong Kong to support growth in Asia Pacific

portnews - July 1, 2022

The London P&I Club has bolstered its leadership team in Hong Kong, promoted several members of its underwriting team and expanded its claims team....

Green

UK Club sees “frenetic” time for ship owners in lead up to December’s MEPC 78

portnews - June 30, 2022

the months between now and MEPC 79 (scheduled for December 12th to 16th 2022) are expected to be nothing short of frenetic for ship...

Insurance

Uninsured Black Sea gas platform launched off Romania

portnews - June 30, 2022

A new Black Sea offshore gas platform was officially launched off Romania on Tuesday June 29th, reportedly uninsured and uncovered for war risk, reports...

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