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Maritime Insurance
Iran oil liability fears grow as insurance ban bites
A ban on European Union insurers covering Iranian oil exports has forced shipowners to fall back on new, untested insurance providers, raising fears that governments may have to pay in the event of an oil spill. The July ban, part of a range of Western sanctions aimed at forcing Iran to scrap its di...
Deep Sea Supply Secures Contract for AHTS Vessel ‘Sea Eagle 1′ in Malaysia
Deep Sea Supply announced that the company has been awarded a 1 year contract with an international oil company for the AHTS vessel “Sea Eagle 1″ for operations in Malaysia. The total value of the contract is approx USD 8.5 mill. The vessel commenced the operations end October.
Britannia reports fast rise in cost of claims
The overall cost of P & I claims is growing faster than calls and premiums, it was reported when the Britannia Committee met.
Insurers Face Tougher Times as Somali Piracy Drops
A dramatic fall in pirate attacks off the Somali coast is forcing down the cost of piracy insurance for commercial ships, taking the shine off a fast-growing and lucrative market for London-based insurers.
