Ports must counter soaring levels of cargo theft with more robust insurance and security measures, warns Ed McNamara CEO of global port insurer Armada Risk Partners. In the U.S. cargo thefts are
By Armand Lans, Senior Broker at FDR There is a potential insurance crisis brewing in Europe with vessels registered with the Dutch Flag in peril of losing their license to operate. Armand
Marine insurance premiums across all categories rose to $35.8 billion in 2022 — and the general trend is upwards. Those were two of the facts that emerged today when the International Union
Will marine engines be ready for future fuels? We help answer that question in addition to focusing on marine insurance and deck machinery.
By Edward McNamara, CEO of Armada Risk Partners, a Cleveland U.S.-based port insurance broker One of the biggest challenges to the marine industry post-COVID is that the marine insurance industry is more
Marine P&I (protection and indemnity) insurance mutuals have long been facing challenging market conditions that have led observers to predict that further consolidation in the industry was likely. Today, two well-known players—North
Volkswagen AG has come far from the days of the beloved air-cooled bug. These days its portfolio includes brands such as Bentley and Lamborghini. That means that the fire still burning aboard
What are shipyards putting on the deck and inside the wheelhouse on newbuild vessels? Find out, plus get the latest scoop on green fuels, marine insurance, and offshore wind.
Since they were launched in June 2019 as a framework for assessing and disclosing the climate alignment of financial institutions’ shipping portfolios, the Poseidon Principles are increasingly influencing what kind of maritime
Shipowners are steeling themselves for steep increases in the cost of P&I (protection & indemnity) insurance. The latest leading P&I mutual to send a signal of what is ahead is the North
