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Marine tag returned 49 results

  • India: Govt-owned insurer offers country's first P&I cover

    State-run New India Assurance has launched a new insurance cover, namely, protection and indemnity (P&I) cover for Indian registered vessels, starting with vessels plying local routes. This is reportedly India's first P&I cover by a domestic insurer.

    Asia | 25 May 2018
  • Growth in sea trade, drop in premiums

    While 2016 was the toughest earnings year since the financial crisis for shipping, there are now some potential building blocks for the future and improved sentiment. According to Clarksons Research managing director Stephen Gordon, shipping is up 14% y-o-y in 2017 although it is still 10% below trend.

    AIRPlus | 14 May 2018
  • Iran: Sanctions re-imposed by the US to affect shipping insurance

    The return of US sanctions against Iran, following US President Donald Trump's announcement last Tuesday that the US was withdrawing from a nuclear treaty with the Persian Gulf country, is likely to have "significant ramifications" for maritime trade with Iran, and the insurance of such trade.

    Middle East | 13 May 2018
  • Singapore: Maritime sector steps up measures to boost cybersecurity

    The Singapore government has been working closely with the industry on a slew of initiatives to strengthen maritime cybersecurity, said Maritime and Port Authority (MPA) of Singapore chairman Niam Chiang Meng at a recent seminar on the subject.

    Asia Risk | 09 May 2018
  • UAE: Insurance Association to be IUMI member in September

    The UAE's insurance body Emirates Insurance Association (EIA) has officially applied for membership of the International Union of Marine Insurance (IUMI) and the application will be approved in the professional body's next meeting in September 2018, it was announced at the Marine International Insurance Conference 2018 in Dubai yesterday.

    Middle East | 03 May 2018
  • Middle East & Africa: FAIR explores creating P&I Club

    The Federation of Afro-Asian Insurers & Reinsurers (FAIR) is studying the feasibility of establishing a P&I club.

    Middle East | 26 Apr 2018
  • Ports can help cut CO2 in shipping

    Ports play an important role in reducing the global carbon footprint of maritime shipping, says a new report by the International Transport Forum (ITF) at the OECD.

    Asia Risk | 25 Apr 2018
  • Markel appoints Lin Wanshi as new Assistant Marine Underwriter in Singapore

    Markel International has appointed Ms Lin Wanshi as assistant marine underwriter to join the marine underwriting team in its Singapore office.

    People | 20 Apr 2018
  • International Maritime Organisation adopts climate change strategy for shipping

    Over 100 nations meeting at the United Nations International Maritime Organisation (IMO) in London have adopted an initial strategy on the reduction of greenhouse gas (GHG) emissions from ships.

    Asia Risk | 18 Apr 2018
  • Shipping: Caution remains the watchword for global marine insurance, says IUMI

    Against the backdrop of encouraging global economic growth and an improved outlook for the shipping industry, concerns within the hull insurance market remain, says the International Union of Marine Insurance (IUMI), giving its expert opinion on the current state of the hull, cargo and offshore energy insurance markets.

    Asia | 29 Mar 2018

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