International freight and logistics mutual insurer TT Club has announced two new appointments to senior positions as part of its planned succession programme. Kevin King has been promoted to the post of Deputy Chief Executive…
The Lloyd’s insurance market will continue to cover Ukraine grain corridor shipments, for now, Lloyd’s chairman Bruce Carnegie-Brown said on Thursday March 23rd. The deal guaranteeing safe exports of grain and fertilizer from three of…
In view of the ongoing war between Russia and Ukraine, the International Group P&I Clubs are now offering cover for vessels transiting and/or calling within ALL Russian waters including their coastal waters up to 12…
Further to the finalization of the renewal arrangements for the International Group’s General Excess of Loss Reinsurance Contract (GXL) and Hydra reinsurance program for the forthcoming 2023-24 policy year, please see below rates that will…
With reference to the 2023/24 Policy Year P&I Renewals, we are pleased to present our Aries P&I Renewal Snapshot summarizing all announcements released by the 13 International Group Clubs. We hope you will find this…
MS Amlin has summarized some new and amended IMO regulations, which are coming into force in 2023 and beyond. IMO EEXI and CII measures The Mediterranean Sea becoming a SECA Amendments to the International Convention…
UK-based cyber security firm CyberOwl has warned shipmanagement software vendors that it could become a focus of hackers. The company noted that Voyager Worldwide and DNV’s ShipManager software both had been hit by cyber attacks…
Data from MarineTraffic has shown that a considerable number of vessels called at Indian ports in 2022 that will not be allowed in after India introduces its planned ban on older ships. As was reported…
Norwegian Hull Club has said that it is further reinforcing its commitment to the energy transition by introducing Environmental Care & Emission Reduction (ECER) – a new area of assessment in its underwriting procedures. ECER…
Shipowners’ Club Director of Underwriting Ian Edwards has noted that, when the Club’s Board met on October 31st 2022, it was observed that the Club was in a market leading underwriting position, but potentially faced…
