News

Containership market outlook: The containership market experienced record-setting rates and profitability since Q3 of 2020, however, since early 2022, rates have been steadily falling.  Inflation led to decreased consumer demand,...

As a result of financial losses, ship insurers are cancelling war-risk coverage across Russia, Ukraine and Belarus. Twelve of the 13 Protection and Indemnity (P&I) clubs said they will...

By Richard Kamppari Baker, Claims Director, World Insurance We have received some queries regarding cargo on hold within Egypt.  Apparently, USD 8.5 billion in goods were stuck at port...

The Russia–Ukraine War: Russia’s invasion of Ukraine created shock waves in global energy markets, leading to price volatility, supply shortages, security issues, and the reshaping of the world energy seaborne...

North P&I, a leading global marine insurer, launched a new app in December for smartphones and tablets to help marine professionals collect evidence around incidents. The app will make...