Fire and explosion incidents cause the most expensive insurance claims in the marine industry, while at a time of rising exposures and inflation, cargo damage is the most frequent cause of loss,
By Tracy Zea, WCI President and CEO Anyone who’s shopped for groceries, dined at restaurants, paid rent or pretty much purchased anything these past months knows we are facing economic challenges unprecedented
The Ukrainian conflict, sanctions against Russia, and new COVID-19 outbreaks in the Far East are all impacting global crewing levels, says Henrik Jensen, CEO of Danica Crewing Specialists. And with crew shortages
First the good news, then the bad. That’s the main take away from marine insurer Allianz Global Corporate & Specialty SE’s Safety & Shipping Review 2022. The good news is that though
Niels Rasmussen, chief shipping analyst at BIMCO, is warning that the negative impacts of Russia’s actions in Ukraine will have consequences for all sectors of shipping. Though much uncertainty remains, the immediate
JANUARY 22, 2019 — A ship to ship fuel transfer that likely was in breach of international sanctions appears to have gone disastrously wrong. Fourteen people have died after two ships caught
AUGUST 8, 2018 – McQuilling Services has released its 2018 Mid-Year Tanker Market Outlook Update. McQuilling says that global oil demand is expected to grow 1.5% in 2018 to over 99 million
NOVEMBER 6, 2017 — Commerce Secretary Wilbur Ross is finding himself at the center of a row that involves “revelations” that will hardly prove startling to those familiar with how international shipping
JUNE 19, 2015 — Every cruise line that anyone has ever heard of has already stopped calling Crimean ports since the Russian annexation of the area. Be that as it may, the
DECEMBER 17, 2014 — President Barack Obama today announced what look to be significant steps to normalize relations with Cuba. Although he unveiled a significant rolling back of restrictions, it is unclear
