Sixty-four percent of tankers calling at the Federation’s ports in April, measured by deadweight, had no known P&I insurance

Claimants bound by terms of insurance contract and ‘pay to be paid’ clause applies, Mr Justice Bright finds

The Treasury Select Committee, investigating whether Russian sanctions are working, was told of the parallel fleet operating outside G7 countries’ control to ship Russia’s crude and evade sanctions

Move comes after Howden’s recent launch of cargo facility for Red Sea

‘Shipping is a very old market and people who are a little bit too smart have always been there. The problem is, if you want to really cope with the situation, you need a lot of expertise,’ argues Enrico Vergani in an interview

Shipping’s P&I clubs have been struggling with the requirements of the G7 oil price cap since its inception. But as the UK government prepares to examine whether Russian sanctions are working, shipping’s insurers have gone on the offensive to explain why the price cap is flawed and is driving more ships directly into the dark fleet

The move will see safety and risk management, claims and underwriting teams work more closely together to adapt cover offered by marine mutual

Move will facilitate imports of crude in face of Western price cap

A recent oil spill from a capsized barge, which damaged the coastline of Trinidad and Tobago, was just one example of what can happen when unsafe vessels sail without insurance

Data from Baltic Investor Indices points to broadly steady market for past four quarters, but limited increases for some vessel types

Break-even underwriting result and ‘excellent’ investment return means marine mutual is in ‘very good health’, insists chief executive Peacock

MSC Aries hijack and Iranian missile onslaught see little impact on Red Sea premiums and small hardening of Middle East Gulf trips