The move will see safety and risk management, claims and underwriting teams work more closely together to adapt cover offered by marine mutual

Move will facilitate imports of crude in face of Western price cap

A recent oil spill from a capsized barge, which damaged the coastline of Trinidad and Tobago, was just one example of what can happen when unsafe vessels sail without insurance

Data from Baltic Investor Indices points to broadly steady market for past four quarters, but limited increases for some vessel types

Break-even underwriting result and ‘excellent’ investment return means marine mutual is in ‘very good health’, insists chief executive Peacock

MSC Aries hijack and Iranian missile onslaught see little impact on Red Sea premiums and small hardening of Middle East Gulf trips

General average shares the cost of a salvage between the shipowner and cargo owners. How much is eventually paid will not be known until long after the cargo has been delivered

FBI agents boarded Dali on Monday as part of a criminal investigation into the catastrophic Key Bridge allision, the Washington Post reported. A port worker told a CNN affiliate in the days following the incident the ship was experiencing severe electrical problems while in port, but retracted their comments the following day. Determination of criminal negligence or wrongdoing could significantly impact the owner’s general average and limitation of liability claims

War risk insurers are struggling to calculate exposure at any given moment in certain volatile areas

Singapore-based Grace Ocean has declared a general average, a source told Lloyd’s List on Friday. The move means shippers with cargo on board Dali will have to chip in for salvage costs

P&I clubs approach underwriting balance, while H&M insurers still slugging it out for market share

As Britain’s most famous 20th-century judge Lord Denning once ruled, limitation of liability is ‘not a matter of justice’ but instead finds ‘justification in convenience’