North P&I and Standard Club announce merger plan to create new global marine insurance force

(Mar 17 2022)

Combination would establish a global marine insurer positioned to thrive in the face of current and emerging challenges and opportunities posed by digitalisation, recruitment, regulation and sustainability.



IUMI insurance update – losses, seafarers, carbon

(Feb 07 2022)

The International Union of Marine Insurance (IUMI) provided an update on important issues to tanker operators relating to insurance, including trends in loss rates, seafarer issues and decarbonisation, following its September 2021 annual event.



North P&I Club seeks 15% premium on P&I rates

(Nov 18 2021)

Describing 2021 as “one of the most challenging years on record”, North P&I Club’s latest Pre-Renewal Report, published today, calls for “robust action” in the form of increasing mutual P&I rates at the forthcoming renewal to confront the challenge o...



IUMI – how tanker insurance is changing

(Jul 09 2021)

The International Union of Marine Insurance (IUMI) provided an update on issues affecting marine insurance in new ways over 2020, with some elements specific to tankers, discussing changes to tanker usage affecting risks, cybersecurity, climate chang...



IUMI publishes initial findings from its major claims database

(Sep 17 2020)

During this year’s annual International Union of Marine Insurance (IUMI) conference, initial findings from IUMI’s major claims database were made available for the first time.



American P&I Club and ABS Consulting join forces to drive cyber awareness for maritime insurance

(Jul 16 2020)

ABSG Consulting Inc. (ABS Consulting), a subsidiary of ABS focused on safety and risk management, and American Steamship Owners Mutual Protection and Indemnity Association, Inc. (the American Club) have joined forces to provide education, training an...



Spike in enquiries for tanker political violence cover in the Gulf - Reuters

(Jan 23 2020)

Reuters reports insurance brokers saying there has been a spike in enquiries from tanker operators for political violence cover in the Gulf.



War risk premiums may rise - Reuters

(Jan 09 2020)

payments known as war risk premiums for tankers shuttling through the Strait of Hormuz could rise significantly, Reuters reports.



Knock-for-knock carve-outs on the increase

(May 01 2014)

The traditional knock-for-knock regime has been utilised in offshore contracts and related shuttle tanker contracts for many years*.



Aug-Sept 2022

MEPC78 and tankers - AET - ESG reporting - Tanker Operator Athens report: SIRE 2.0 and seafarer shortage - electric propulsion on tankers