As reported by Allianz, annual shipping losses have decreased by 70% over the past decade; furthermore, in the 1990s, the global fleet recorded an average
Marine transport is well known as a business that remarkably suffers from numerous exogenous variables and external events. All this destabilizes marine traffic that is
As it is well known by now, the MSC ARIES was seized by Iranian authorities on April 13th. The 15,000 TEU container ship, currently chartered
The crisis triggered by the Houthi movement within the Red Sea since mid-November is generating multiple difficulties for shipping and the global logistics chain in
In this article, we will explore the emergent topic of cyber risk and P&I (Protection and Indemnity) coverage in relation to the maritime and insurance
The ongoing conflict between Russia and Ukraine has presented a slew of significant challenges for the insurance market in the Black Sea. The heightened risk
According to our previous article (https://www.linkedin.com/pulse/total-losses-hull-insurance-market-new-all-time-low-slothsea%3FtrackingId=HxfWS5wxvTQ6J81QAhKYEA%253D%253D/?trackingId=HxfWS5wxvTQ6J81QAhKYEA%3D%3D) marine claims hit an all-time low in 2022, shipping losses hit a record low in 2022 with only 38
The incident raises questions about safety, insurance implications, and vessel recoverability. The recent fire incident aboard the Ro-Ro/Container Carrier vessel, Grande Costa d’Avorio, has shed
In 2022, 38 ships were lost globally, implying an improvement over 2021, when total losses were 59. Overall, total losses have dropped more or less
As in many sectors of the world economy, the global marine insurance industry is significantly impacted by inflation. Since May 2020, the inflation rate has
