News

London P&I is pleased to announce its financial results for 2025/26, reporting an operating surplus of US$21.2m, increasing year-end free reserves to US$192.4m.

The results followed an increase in the club’s premium base across both mutual and fixed P&I product lines, with gross premium income increasing 8% to reach US$172.9m. Entered tonnage across all geographies also rose during the year to over 80m GT.

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 key maritime markets. The event…

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 the Club's continued financial strength,…

 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 the region remain fragile. Speaking…

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) Regulations 2026 (SI 2026/543) (“Amended…

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 Executive Order significantly expands U.S…

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 Safe Management of Vessel Transit…

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.

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.

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 increasingly complex operating environment.