ITF demands repatriation of abandoned seafarers who witnessed bombing, while Galaxy Leader crew still held hostage

Marine mutual highlights challenges facing insurers in wake of pandemic, including Ukraine invasion and Houthi assault on merchant vessels

AI will help to make underwriting more enjoyable, with less time spent typing data into a spreadsheet and more time spent doing the job, argues Rich Soja

The collision between Ceres I and Hafnia Nile took place in eastern waters of Malaysia, which is a well-known area for storage and transfers of oil. At the time of the casualty, more than 40 ships were at anchorage. It is commonplace in this area for vessels to be detected switching off vessel trackers or spoofing their location

The other vessel involved in the Singapore collision is a VLCC carrying Iranian oil. It is ‘unlikely to be insured with the conventional market,’ according to underwriter sources

Segment highly profitable thanks to conflicts in the Black Sea and the Red Sea. Some industry voices believe underwriters are using the proceeds to keep prices down as they fight for market share in the hull sector

‘Judgment confirms that, with clear enough wording, and, provided that they are properly incorporated into the policy terms, such clauses are legitimate and can be relied on by insurers,’ argues maritime law firm Campbell Johnston Clark

Job will focus on challenges to industry posed by politics, regulation and compliance

Rates are twice as high in the Black Sea as the Red Sea, even though the risks appear far lower

The number of tankers operating outside Western jurisdiction has risen, as oil prices continue to exceed the $60 per barrel cap imposed on Russian oil by the G7 and Australia 18 months ago

Saudi construction firms picking up additional insurance tab for vessels serving their needs on long-term time charters, underwriters believe

Navigating the rapid escalation of sanctions has proved to be a steep and expensive learning curve for P&I clubs as they try to enforce the unenforceable. They now walk a precarious regulatory tightrope through the dark fleet, which now presents a global threat in terms of uninsured risk. But if you think this is just a problem for the insurers — think again