Insurance News

 

Stowage Issues Cited in Ever Smart Container Loss

Jul 22, 2020

A combination of factors including stowage deficiencies likely led to the loss of containers from the U.K.-flagged containership Ever Smart off the coast if Japan in 2017, according to U.K. investigators.On October 30, 2017, the 300-meter, 7…

UK Cracking Down on Cargo Theft

Jul 14, 2020

The Freight Unit of the National Vehicle Crime Intelligence Service (NaVCIS) has been involved in numerous theft cases related to cargo crime in the UK; most recently acting to recover £200,000 ($252,000) of stolen goods. Through the recent period of lockdown in the U…

American P&I Club, ABS Consulting Partner on Cyber Awareness

Jul 10, 2020

Collaboration between risk management and insurance sectors will focus on education, training and guidance to reduce maritime cyber riskABSG Consulting Inc. (ABS Consulting), a subsidiary of ABS focused on safety and risk management, and American…

North Completes Integration of Sunderland Marine

Jun 30, 2020

North P&I Club announced it has completed the integration of the Sunderland Marine Insurance Company Limited business into parent company The North of England Protecting and Indemnity Association Limited.The formal transfer of business, which takes effect Tuesday…

Released by Australia, Containership APL England Sails to China for Repairs

Jun 19, 2020

Singapore-flagged containership APL England, detained in Australia after losing dozens of containers off the country's southeastern coast in May, has been released and is sailing to China for repairs, the Australian Maritime Safety Authority (AMSA) said Friday…

The Four Dominant Criteria of Yacht Insurance

Jun 16, 2020

It is generally understood that the insurance coverage of a luxurious Yacht can be a headache for her owner, not having the necessary knowledge and sufficient information to make an educated decision with confidence, especially in a changing and challenging international insurance market…

TT Club Warns of Stowaway Risks

Jun 08, 2020

Clandestine migration has been a problem for the transport sector across Europe for some time now. While more stringent border crossing checks have been imposed due to the current COVID-19 crisis, the risk to operators is not diminished. Furthermore…

APL England Captain Charged Over Lost Containers

May 31, 2020

The master of Singapore-flagged APL England is facing charges in Australia after the vessel under his command lost dozens of containers overboard in rough seas off the coast of Sydney last week.The offences relate to pollution and/or damage…

APL England Detained After Dropping Containers off Australia

May 28, 2020

A Singapore-flagged containership that lost at least 40 containers overboard off the coast of Sydney has been detained by authorities in the Port of Brisbane after Australian inspectors found inadequate lashing arrangements for cargo and heavily corroded securing points for containers on deck…

Face Masks Washing Ashore After Cargo Ship Loses Boxes

May 26, 2020

Surgical masks and other items have been found washing up onto Australian beaches Tuesday after the Singapore-flagged APL England lost at least 40 containers overboard in heavy seas off the coast of Sydney.The medical supplies have been found on shores between Magenta Beach and The Entrance…

North P&I Launches New Insurance Product

May 04, 2020

A 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. WeThe P&I club expects the new line will be taken up by a number of Members…

New Dashboard Tracks COVID-19 Response Measures

Apr 14, 2020

A new COVID-19 Tracking Tool developed by global marine insurer North has been made available as a shared resource to the International Group of P&I Clubs.The online tool, first released by North in February, was formally launched via the IG website this week…

Coronavirus: Cargo Loss Prevention Measures

Apr 10, 2020

The pandemic has brought about sudden changes for cargo transportation, impacting shippers and transport companies around the world and potentially increasing the risk environment, particularly for high-value and temperature-sensitive goods…

Maersk Launches Door-to-door Cargo Insurance

Mar 17, 2020

A.P. Moller - Maersk said it has teamed up with Zurich Insurance Plc (Zurich) to bring Maersk Cargo Insurance, a product to protect customers goods against physical loss or damage from the time they are first moved for loading until the completion of unloading at destination…

Mideast Tensions Create Insurance Headache for Tanker Owners

Jan 09, 2020

Even as the United States and Iran appear to signal a keenness to avoid further conflict, oil and gas shipowners are bracing to pay a price for the war of words that culminated in rocket strikes in Iraq over the last week - higher insurance bills…

Logistics News

TotalEnergies, OQEP Start Construction of Marsa LNG Plant in Oman

TotalEnergies, OQEP Start Construction of Marsa LNG Plant in Oman

New Chief Executive Appointed at MPA Singapore

New Chief Executive Appointed at MPA Singapore

JSW Infrastructure Expects Cargo Volume Growth Rise in 2026

JSW Infrastructure Expects Cargo Volume Growth Rise in 2026

Port of Naples Cargo Operator Invests in Konecranes Gottwald Mobile Harbor Crane

Port of Naples Cargo Operator Invests in Konecranes Gottwald Mobile Harbor Crane

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