The escalating conflict in Gaza has led to a tenfold increase in war risk premiums for ships bound for Israel, prompting industry stakeholders to seek government assistance in ensuring the continued..
The United Nations has secured an insurance coverage to start a ship-to-ship transfer of 1.1 barrels of crude from a rusting tanker moored off the coast of war-torn Yemen — oil that could cause a..
Maritime war risk premiums for commercial shipping are expected to remain firm over the next several months, if not years, due to prevailing geopolitical risks and even the country of ownership and..
The move comes as a result of reinsurers exiting the region in the face of heavy financial losses. However, Dryad Global believe that other war risk insurers will still be available to provide cover.
Work to revise the BIMCO War Cancellation Clause 2004, the BIMCO War Risks Clause for Time Chartering 2013 (CONWARTIME 2013) and the BIMCO War Risks Clause for Voyage Chartering 2013 (VOYWAR 2013)..
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..
The costs of insuring merchant ships sailing to ports in the Black Sea has spiralled out of control, becoming a huge potential impediment to the movement of Russian cargoes from the region.