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Insurers Say Dark Fleet Oil Tankers Pose a Major Claims Risk

Insurance Journal

SEPTEMBER 17, 2024

Marine insurance markets face significant risk from the growth of a shadow fleet of ships hauling oil from sanctioned producers like Russian and Iran, an industry group said. The opaque nature of the ownership of those vessels makes it hard …

Risk 258
Risk Claim Marine Insurance 258
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Marine war market fears claim over detained $130m dredger

Insurance Marine News

SEPTEMBER 19, 2024

Join Us The post Marine war market fears claim over detained $130m dredger appeared first on Insurance Marine News. You need to be logged in to view this content. Please Log In. Not a Member?

Marine 110
Marine Claim Insured Insurance 110
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Oil Tanker Insurance Payouts at Risk After UK’s Russia Sanctions

Insurance Journal

JULY 23, 2024

Transfers of oil at sea that involve a recently sanctioned Russian insurer may prevent western firms from paying claims if something goes wrong, a key provider of cover said. Moscow-based Ingosstrakh PJSC has emerged of a major insurer to Russian …

Risk 263
Risk Insurance Insurer Insured 263
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Dark Fleet Caper Exposes Growing Risks in Crowded Malacca Strait

Insurance Journal

JULY 22, 2024

A collision that set two vessels ablaze off Singapore has underlined the growing risks in the crowded Straits of Malacca, as the dark fleet expands and lackluster Chinese demand leaves dozens of the tankers idling. The Ceres I, a 23-year-old …

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Risk Protection Liability Insurance Marine 249
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AIS spoofing on the rise in Asia, says Risk Intelligence

Insurance Marine News

OCTOBER 15, 2024

Risk Intelligence has noted increased attention in Asia on the activities of the dark fleet, as the Information Fusion Centre (IFC) at Singapore’s Changi Naval Base detected a significant level of AIS spoofing. The post AIS spoofing on the rise in Asia, says Risk Intelligence appeared first on Insurance Marine News.

Risk 52
Risk Marine Insured Insurance 52
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Sompo UK offers nationwide “Marine Cargo UK”

Insurance Marine News

SEPTEMBER 25, 2024

Sompo UK, part of Bermuda-based Sompo International Holdings Ltd (SIHL), and underwritten in the UK by underwritten by Endurance Worldwide Insurance Ltd (also part of SIHL), has announced the launch of “a new national marine insurance proposition for the United Kingdom allowing the insurer, for the first time, to write Marine Cargo, and Transport & (..)

Marine 52
Marine Insured Insurance Insurer 52
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Netherlands to offer smaller wind farms, cutting risks for developers

Insurance Marine News

OCTOBER 6, 2024

Join Us The post Netherlands to offer smaller wind farms, cutting risks for developers appeared first on Insurance Marine News. You need to be logged in to view this content. Please Log In. Not a Member?

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