Global insurance trends

Veson Looks at The Iran/Hormuz Shockwaves Hitting Tanker Market

A quick note from Veson on the current situation affecting the tanker market; The Tanker market is experiencing significant disruption. The de facto closure of the Strait of Hormuz — removing roughly 25% of total seaborne crude and petroleum […]

Global insurance trends

The Shadow Fleet is Out There & It Could Be Over 1500 Ships

When it comes to Marine insurance knowing which territory a vessel is registered to, where the crew are from and what is being carried are all vital pieces of any insurance jigsaw. But there are […]

Lloyd's/London Market

Stolt Tankers & Yara Marine Working on Fuel Efficiency

Stolt Tankers and Yara Marine Technologies have signed an agreement to equip a further seven tankers with Yara Marine’s FuelOpt propulsion optimization technology. The agreement was signed at SMM in Hamburg, Germany on Wednesday, 7 […]

Insurance claims

Fleet Claim? You Can FNOL It With The Stroke of A Pen

Pen Underwriting has today launched a revamped claims management proposition to further support its specialist fleet clients in the hazardous goods & environmental industries, by minimising off-road time and reducing the total cost of claims […]

Lloyd's/London Market

North P&I Offers New Marine Insurance Product

The new offering from North is designed for larger ocean-going vessels and will complement the H&M insurance already available from Sunderland Marine for fishing vessels and other small craft.   We expect that the new […]

Global insurance trends

Willis Towers Launches CyNav for marine Market

Willis Towers Watson, a leading global advisory, broking and solutions company, today announced the launch of CyNav, a new type of cyber insurance cover designed specifically for shipowners. The new product addresses the growing need […]

Global insurance trends

Marine Insurance Costs Set to Rise as Persian Gulf Drama Plays Out

Jonathan Moss, head of transport and marine at global legal business, DWF,  comments on the seizure of the British vessel in the Persian Gulf and the subsequent impact on insurance premiums. He said: “The seizure […]

Global insurance trends

Marine Insurance: Lessons Learned from Ship Transfer Oil Spillage

Some news from the UK P&I Club; Senior Loss Prevention Executive, David Nichol at UK P&I, discusses the lessons learnt from a recent incident involving the failure of a cargo hose, resulting in an oil spill: […]