Tag: Insurance
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WA piracy will remain a headache for ship owners in 2014
Nigeria will remain a serious piracy hot-spot in 2014, as the country still resists the allowing of non-Nigerian armed guards on board vessels plying its waters. WA piracy will remain […]
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Sanctions Threaten Safety
Western sanctions imposed over the past months against Iran’s shipping industry will seriously affect international maritime and environmental safety, a senior Iranian official said. Companies are cutting ties with Iran’s […]
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Gulf of Guinea Piracy Plus
Specialist insurance business Beazley has launched a new product, called piracy plus, in response to the recent increase in hijackings in the Gulf of Guinea. Specialist piracy cover launched for […]
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Pirate Hostage Comes Home
George Lipih Ambo, a Malaysian who was kidnapped by pirates in the Gulf of Guinea, Nigeria and held for 20 days had never thought he would able to return home […]
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Cargoes to Resume
India, the third-biggest buyer of Iranian oil, will offer state-backed insurance to tankers, helping the nation’s biggest sea carrier to resume cargoes from the Persian Gulf nation hit by international […]
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Armed Security
A Dutch umbrella organisation of insurers and ship owners argues that Dutch ships should be allowed to carry armed security guards. Insurers call for armed security guards on Dutch ships […]
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A Difficult Year
The latest Willis Marine Market Review reveals that the insurance market is in a flux in the aftermath of the Costa Concordia disaster in January. Maritime industry faces another difficult year […]
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Under Insured
As more private security companies come under scrutiny there are concerns emerging about the level of insurance that many are carrying. It has been stressed that shipowners could face liability […]
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Double Dipping
According to a marine investigator, shipowners may be defrauding insurers by “double claiming” for pirate attacks due to perceived lack of clarity over where they should be making their claims. […]
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Insurance Demands
A number of kidnap and ransom insurers are demanding the presence of armed guards on vessels transiting the Gulf of Aden and the Indian Ocean before they will provide cover. […]