Insurance

Insurance

Poseidon Principles for Marine Insurance

portnews - May 31, 2022

WFW experts provide an overview of the Poseidon Principles for Marine Insurance, which entered into force in early May, with the aim to establish...

Insurance

Back to the future as speakers at Savoy dinner praise resilience of Association of Average Adjusters

portnews - May 30, 2022

After a break of two years, in May 2022 the Association of Average Adjusters triumphantly resumed hosting one of the most celebrated events in...

Insurance

UK Club financial position ‘strong’; ‘well placed to deal with future challenges’

portnews - May 30, 2022

The UK P&I Club, a leading provider of P&I insurance and other services to the international shipping community, announced its financial results for the...

Insurance

UK Club well positioned for future growth

portnews - May 29, 2022

The UK P&I Club (“The UK Club”), a leading provider of P&I insurance and other services to the international shipping community, announces its financial...

Insurance

Steamship Mutual: 2021/22 Financial Year Highlights

portnews - May 26, 2022

All figures in this report reflect Steamship’s combined position. Owned tonnage at 20 February 2022 was 110 million GT, a 14.8% increase over the previous...

Insurance

Global insurers take $1.3B in losses from the Russia’s operation in Ukraine in Q1 – S&P Global Market Intelligence

portnews - May 25, 2022

The global insurance industry disclosed roughly $1.3 billion in collective losses and reserve charges related to the Russia's operation in Ukraine in the first...

Insurance

Condition surveys – More than just a binary conclusion

portnews - May 24, 2022

To frame a survey from this viewing point it is easy to see why this could be seen as an initiation ritual to be...

Green

Shipowners have strong case to recover emission levies: Association of Average Adjusters

portnews - May 24, 2022

Shipowners have strong case to recover emission levies in a General Average deviation to a port of refuge, said Association of Average Adjusters Chairman,...

Insurance

MT ZOUZOU: detention, constructive total loss and mortgagee’s interest insurance – Commercial Court clarifies scope of indemnity

portnews - May 23, 2022

The Commercial Court handed down judgment today in Piraeus Bank v Antares Underwriting Limited and others (‘The ZOUZOU’), providing clarity in respect of the...

Container

Containers in a storm

portnews - May 23, 2022

Since land-based storm events frequently are most severe at the shoreline, it is unsurprising that containers become caught up in the ensuing damage. Let’s...

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