Some markets looking for war coverage as result of fighting in Gaza
Gard issues loss prevention advice for vessels transiting region
War risk premiums for Red Sea transits are only moderately higher since the start of Gaza fighting, but could rise sharply for everybody if Iranian proxies continue to target vessels
Premiums already up 200% after Galaxy Leader hijack and likely to get firmer this week
Red Sea transits unavoidable for Suez Canal users and even a rise of a fraction of a percentage point could add hundreds of thousands of dollars to cost of a trip
Renewal round will see lowest percentage price increases in four years
Nine International Group affiliates now declared, with a further three set to declare in the next few weeks
The EU and US governments are reportedly in talks with Denmark to inspect and possibly block tankers without known insurance. Whether that would include those that dropped anchor at the Skagen anchorage was not spelled out
Three of the five International Group affiliates that have announced strategies for the 2024 renewal have included sweeteners totalling more than $80m. But are the payouts as generous as they look? This week’s edition of the podcast offers a deep dive into the P&I landscape at the halfway point in renewal season
The insurance price rise comes in at upper end of going rate. At the same time, the Thomas Miller-managed marine mutual announces it has elected a new chair
With the rise of EVs, the car carrying sector is now prepared to change its firefighting approaches after decades of status quo. But knowledge about how EVs behave in a fire on board remains insufficient
Move follows last week’s fatal missile attack on bulk carrier KMAX Ruler
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