Steamship brings combined ratio close to 100% for 2019/20

P&I Club Steamship Mutual has reported a 99.8% combined ratio for the 2019/20 financial year, which runs through to February 20th. Armand Pohan, Chairman of the Board, said in his introduction to the club’s manager’s report that this compared to 116.1% in the preceding financial year. Premium for...

https://insurancemarinenews.com/insurance-marine-news/steamship-brings-combined-ratio-close-to-100-for-2019-20/

Broken crane hook cause of Orion accident, says Liebherr

The collapse of a giant crane on May 2nd on Deme Offshore’s flagship under-construction offshore installation vessel Orion 1, which was at Liebherr’s yard in Rostock, Germany, was caused by a broken crane hook, Liebherr has said. The vessel is under construction and owned by Cosco (Qidong) Offshore...

https://insurancemarinenews.com/insurance-marine-news/broken-crane-hook-cause-of-orion-accident-says-liebherr/

Wadden Islands routes pose threat to large container ship cargoes, report finds

The Dutch Safety Board (OVV) has warned liners that there is a danger of container losses in shipping routes above the Wadden Islands, also known as the Frisian islands, off the Netherlands coast, when certain weather and sea conditions are in play. Container ship MSC Zoe (IMO 9703318) lost 342...

https://insurancemarinenews.com/insurance-marine-news/wadden-islands-routes-pose-threat-to-large-container-ship-cargoes-report-finds/

Gallagher Marine Hull & Machinery and War Risks Market Report – June 2020

Michael Ingham Divisional Director, Marine Hull/Liability has written for Gallagher on the current situation in H&M and War Risks. He noted that the world was facing “an unprecedented global pandemic”. The measures taken by governments across the globe to tackle Covid-19 were bringing huge changes...

https://insurancemarinenews.com/insurance-marine-news/gallagher-marine-hull-machinery-and-war-risks-market-report-june-2020/

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