Insurance

Insurance

Reporting of vessel calls to Russia and transiting Russian territorial waters

portnews - May 20, 2022

On 17 March 2022 the UK Government published a General Trade Licence in part to clarify earlier amendments to the UK Russia (Sanctions) (EU...

China

Update on Covid-19 restrictions in Chinese ports

portnews - May 19, 2022

Current Covid-19 restrictions in Chinese ports Oasis P&I recently published circular No. 2204 covering the current Covid-19 restrictions in many Chinese ports. We summarise below...

Insurance

The Poseidon Principles’ Expansion Into Marine Insurance

portnews - May 18, 2022

The Poseidon Principles for Marine Insurance (the “Principles”) were officially launched in December 2021, initially supported by Swiss Re, Gard, Hellenic Hull Management, SCOR,...

Insurance

Allianz: The problematic aspects of large vessels

portnews - May 13, 2022

Marine insurer Allianz Global Corporate & Specialty SE (AGCS) issued theSafety & Shipping Review 2022, explaining that large vessels continue to drive ever-higher exposures,...

Insurance

Total losses of ships down 57% over past decade — Allianz

portnews - May 11, 2022

According to marine insurer Allianz Global Corporate & Specialty SE’s (AGCS) Safety & Shipping Review 2022, 54 large ships lost worldwide last year. The...

Insurance

Gard sees major regional differences in ship groundings and collisions

portnews - May 11, 2022

According to Norwegian marine insurer Gard, infrastructure plays a major role when it comes to collisions and groundings around the world. "If you sail...

Energy

Ban On Russian Crude Oil Tankers Lifted By EU; Limitations Remain For Insurers

portnews - May 10, 2022

The EU has watered down the most recent round of proposed sanctions targeting Russia’s energy sector. The bloc has dismissed the plans to prevent...

Insurance

P&I premiums to continue rising, adding to shipowner opex woes

portnews - May 10, 2022

IG Clubs posted general increases averaging 11.5% across the Group this time around, while FD&D rises averaged 10.9% (see chart). However, there were wide...

Insurance

P&I club warns of sea mine threat in Black Sea

portnews - May 10, 2022

Adding to the growing threats to shipping following the Russian invasion of Ukraine, there are increasing reports of threats from sea mines. Initially, NATO warned...

Insurance

Marine Insurance Report Warns of Ro-Ro Risk

portnews - May 10, 2022

The big, boxy floating steel parking garages known in the industry as Roll-on Roll-off ships, or RoRo’s, might be more dangerous than marine insurance...

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