P&I Clubs News

 

Insurers Raise Premiums for Black Sea Tankers as Tensions Mount

Aug 23, 2023

Insurance companies have notified charterers of ships operating in Russia's Black Sea ports of an increase in additional payments known as 'war risk premiums', four traders said.A war risk premium was added to the common insurance costs for tankers last year after the start of Russia's military action in Ukraine, which Moscow calls a special military operation.Military actions in the Black Sea area…

North Joins Maritime Anti-Corruption Network

Jul 13, 2022

Marine insurer North P&I Club announced it has joined the Maritime Anti-Corruption Network (MACN), a global business network that aims to tackle corruption and enable fair trade in shipping.As an MACN member, North joins more than 165 global…

North and Standard Club Members Approve Merger

May 27, 2022

Members of the North and Standard Clubs have voted to approve the merger between the two marine insurance firms, creating one of the largest providers of mutual cover in the maritime industries.The P&I clubs, which revealed plans to merge earlier this year…

Ship Insurance Claims to Rise as Black Sea Remains High Risk Area - Allianz

May 09, 2022

Global insurers are expected to receive multiple marine insurance claims from ships damaged or lost as the conflict in Ukraine spills over into sea lanes, insurer Allianz Global Corporate & Specialty (AGCS) said in a report on Tuesday.Two seafarers…

American P&I Club Announces Leadership Change

Mar 21, 2022

After 27 years’ service as Chief Executive Officer of Shipowners Claims Bureau, Inc. (SCB), the Managers of the American P&I Club, Joe Hughes will stand down from that role on August 1, 2022. Dorothea Ioannou, currently Deputy Chief Operating Officer of SCB…

North P&I and Standard Club Plan to Merge

Mar 14, 2022

North P&I and Standard Club revealed they have entered formal discussions for a proposed merger to create a new global marine insurer and one of the largest providers of mutual cover in the maritime industries. The combined mutual insurer would provide cover for vessels equivalent to 400 million GT…

Swedish Club Announces Shift at the Helm for 2023

Dec 14, 2021

At its meeting on December 9, The Swedish Club's Board of Directors made the decision to appoint Thomas Nordberg to succeed Lars Rhodin as Managing Director from January 1, 2023, when Rhodin retires.'The Board of Directors is delighted to have recruited Nordberg…

West Creates Charterers and Traders ProductTeam

Nov 25, 2021

West creates a Charterers and Traders team as a new center of excellence within the Club, further enhancing the West’s popular tailor-made liability insurance products.The West of England P&I Club announced the creation of a dedicated Charterers…

North P&I Club Appoints Asherson as Claims Director

Nov 04, 2021

North P&I Club has announced the appointment of Michael Asherson as Claims Director, in a return to the Club after three years in private practice in his native South Africa.Asherson, who spent 18 years with North in the period up to 2018, returns…

Shipping Insurance Data and Collaboration

Jun 28, 2021

The use of data and technology in the marine insurance industry has taken great forward steps in the last decade. In an industry often portrayed as being more comfortable with tradition rather than disruption, there is a realization that the…

Suez Canal Hopes for Deal on Detained Ever Given

Apr 26, 2021

The head of the Suez Canal Authority (SCA) said on Monday he hoped talks would soon yield an agreement with the owner and insurer of a giant container ship which is still being detained since it blocked the waterway for six days last month.The…

Ever Given's Insurer Appeals Detention by Egypt

Apr 23, 2021

UK P&I Club, an insurer of the Ever Given cargo ship which ran aground in the Suez Canal in March, said on Friday it had filed an appeal in an Egyptian court over the detention of the vessel by authorities.The Ever Given has been anchored in…

Ever Given Held in Egypt as Compensation Talks Continue

Apr 13, 2021

A ship that blocked the Suez Canal for almost a week in March has not been given clearance to leave the waterway as discussions continue over a compensation claim made to the vessel’s owner Shoei Kisen, an official from the Japanese company said on Tuesday…

Suez Blockage May Lead to Large Reinsurance Claims, Broker Says

Apr 01, 2021

The blockage of the Suez Canal is likely to lead to large reinsurance claims, adding to upward pressure on marine reinsurance rates, James Vickers, chair of reinsurance broker Willis Re International, told Reuters.Formal investigations began…

Lloyd's of London Sees 'Large Loss' Due to Suez Canal Blockage

Mar 31, 2021

The blockage of the Suez Canal for nearly a week will result in a “large loss” for Lloyd’s of London, its chairman said on Wednesday, as the insurance market recorded a 900 million pound ($1.2 billion) pretax loss in 2020 due to the COVID-19 pandemic…

Logistics News

JSI Alliance Completes Scope of Work in Basrah Refinery Upgrading Project

JSI Alliance Completes Scope of Work in Basrah Refinery Upgrading Project

Singapore Marine Biofuel Premiums Drop Further on Soft Demand

Singapore Marine Biofuel Premiums Drop Further on Soft Demand

New Study Offers Safety Recommendations for Green Shipping Corridors

New Study Offers Safety Recommendations for Green Shipping Corridors

SAMPOL Awarded Shore Power Contract from Port of València

SAMPOL Awarded Shore Power Contract from Port of València

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