Three more Russian insurers, including a subsidiary of top lender Sberbank, have asked India for approval to provide marine insurance for oil shipments sent to Indian ports, two sources with knowledge of the matter said, as Moscow looks to maintain deliveries despite Western sanctions. India has...
Marine Insurance P&I Club News
USTR Announces Streamlined Notice of Action to Counter Chinese Dominance in the Maritime Sector
Highlights The U.S. Trade Representative (USTR) on April 17, 2025, announced its long-awaited final proposed measures to combat China’s dominance in the maritime sector by imposing fees on Chinese-linked ships. Public criticism of new and previously proposed fees continues, although the final...
Best Management Practices Maritime Security (BMP MS)
The International Group of P&I Clubs, in partnership with other shipping industry associations, together with the support of governments and military organisations have published brand new consolidated maritime security guidance in the form of Best Management Practices (BMP) Maritime Security (BMP...
https://www.hellenicshippingnews.com/best-management-practices-maritime-security-bmp-ms/
Heightened marine trade risks and what they mean for insurance?
With 90% of the world’s products transported via oceans and riverways, the maritime transport sector is at the centre of the global supply chain and is a critical cog in the wheel of the global economy. Maritime insurance plays a critical role in ensuring the sustainability of this industry. But as...
https://www.hellenicshippingnews.com/heightened-marine-trade-risks-and-what-they-mean-for-insurance/
Ice damage – navigating the charterparty terms
Ice clauses tend to fall into one or more of the following categories: Clauses allowing charterers to employ the vessel in ice within certain parameters (for example, a ship is allowed to follow ice breakers but must not force ice). If a vessel is ordered to a port in breach of such clauses, the...
https://www.hellenicshippingnews.com/ice-damage-navigating-the-charterparty-terms/
The Swedish Club Issues Public Statement
The Swedish Club is closely monitoring developments in Bangkok following the recent earthquake. Members of The Swedish Club management team and Board members have been in the city this week for Board meetings and all are safe and accounted for. The safety and well-being of our team remain our...
https://www.hellenicshippingnews.com/the-swedish-club-issues-public-statement/
US Tariffs on Chinese built ships and fleets
The Club has been receiving enquiries and requests for draft charter clauses from members about the proposed U.S. ‘Make Shipbuilding Great Again’ Order and potential imposition of port charges/tariffs on Chinese built/operated ships/fleets. The U.S. Trade Representative has proposed these actions...
https://www.hellenicshippingnews.com/us-tariffs-on-chinese-built-ships-and-fleets/
Marine insurance industry advances climate reporting in third annual disclosure report
The Poseidon Principles for Marine Insurance continue to take a leadership role in supporting global shipping decarbonisation with the release of their third annual disclosure report. This year’s report includes contributions from nine signatories and nine affiliate members across ten different...
Concirrus Partners with OceanMind to Strengthen ESG Capabilities in Maritime Insurance
Concirrus, a leading provider of AI-driven insurance risk analytics, is pleased to announce a strategic partnership with OceanMind, a globally recognized expert in maritime compliance and emissions data. This collaboration marks the first step in Concirrus’ long-term ESG roadmap, beginning with...
Hazardous container leaks: swift action is key
It is estimated that more than 5 million containers are packed with Dangerous Goods (DG) each year – and as global container shipping continues to grow, the number is likely rising. Even if cargo is properly declared it may not be properly packaged and stowed to avoid damage during transport. In...
https://www.hellenicshippingnews.com/hazardous-container-leaks-swift-action-is-key/