News

Aries Marine Hosts Exclusive Industry Gathering in Porto Heli during Posidonia 2026

As part of the Posidonia 2026 celebrations and networking events, Aries Marine Insurance Brokers organized an exclusive weekend gathering in Porto Heli, bringing together valued business partners and close associates from Greece, London, and other…

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Steamship Mutual Publishes 2026 Management Highlights, Demonstrating Strength, Stability and Member Focus in a Challenging Market

Steamship Mutual has released its Management Highlights 2026, showcasing a year defined by resilience, disciplined decision-making and unwavering support for Members amid heightened claims activity, geopolitical uncertainty and an increasingly complex operating environment. The publication highlights…

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Djibouti Code of Conduct Chair condemns renewed piracy surge

 The Chair of the Djibouti Code of Conduct/Jeddah Amendment has expressed grave concern over the resurgence of piracy in the Western Indian Ocean and Gulf of Aden, warning that recent attacks show maritime security gains in…

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No.4 2026/27 – UK Expands Russia Sanctions Regime: Key Implications for Maritime, Energy and Regime: Key Implications for Maritime, Energy and Trade Trade

Tony Paulson Tony Paulson Head of Asia & Corporate Director The Russia (Sanctions) (EU Exit) (Amendment) Regulations 2026 On 20 May 2026, the UK On 20 May 2026, the UK Russia (Sanctions) (EU Exit) (Amendment)…

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CUBA SANCTIONS UPDATES AND ISSUANCE OF EXECUTIVE ORDER 14404

On May 1, 2026, President Donald Trump signed a new Executive Order 14404, “Imposing Sanctions on Those Responsible for Repression in Cuba and for Threats to United States National Security and Foreign Policy” (the “Order”). This…

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INDUSTRY GUIDANCE ON SAFE MANAGEMENT OF VESSEL TRANSIT THROUGH THE STRAIT OF HORMUZ

The industry associations of BIMCO, the International Chamber of Shipping (ICS), the International Marine Contractors Association (IMCA), INTERCARGO, INTERTANKO and the Oil Companies International Marine Forum (OCIMF) have recently released the publication: Industry Guidance on…

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Major shipping organizations issue guidance for safe Hormuz transits

Industry organizations ICS, BIMCO, INTERCARGO, INTERTANKO, IMCA, and OCIMF have joined forces to issue the “Safe Management of Vessel Transit through the Strait of Hormuz” guidance, to help operators safely transit the area. As stated,…

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EU Sanctions: 20th Sanctions Package Against Russia

On 23 April 2026, the Council of the European Union adopted its 20th package of restrictive measures against Russia, amending Regulation (EU) 833/2014 and Regulation (EU) 269/2014. These measures were implemented in Council Regulation (EU)…

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The Swedish Club delivers strong results for 2025 & Supplementary and Release Calls

The Swedish Club reported a solid financial performance for 2025, supported by disciplined underwriting, risk management and capital management. This marks the third consecutive year of positive results, reflecting a consistent, long-term approach in an…

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Gard Annual Report 2025 – Managing Transition

We’re pleased to share Gard’s Annual Report, highlighting a year of progress and delivery. We have the concluding insight in our Heavy Weather series and examine the implications of a proposed 60-day Jones Act waiver. Gard presents…

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