ship
P&I clubs see the calm after the storm
With a continued improvement in claims trends, and a restored investment performance, ship-owners face the prospect of a benign Protection and Indemnity (P&I) renewal...
Ship insurance: Sri Lanka off war-risk list
London-based shipping underwriters have formally lifted a war-risk classification from Sri Lanka's ports a year after the island ended its decades-long ethnic war, the...
Somalian pirates paid $4 million in ransom for Chinese coal ship
A Chinese cargo ship with 25 crew members aboard was heading for a safe port after being released by pirates off the coast of...
Munich RE warns about rise of piracy and advise insurance product
Back in 2007, the ransoms demanded by pirates were generally still under the US$ 1 million mark. The sums which were ultimately paid amounted...
Kidnap insurance premiums could escalate within weeks
The lull in Gulf of Aden pirate attacks during monsoon season means kidnap and ransom insurance rates for such risks have fallen by around...
