California oil spill class action claim could hit marine market
Shipowners’ insurance costs could be hit as protection and indemnity clubs negotiate cover with reinsurers
Insurance
Broker Aon calls for transparency over hike in P&I reinsurance costs
Shipowners need to know they are paying a “fair” price for their insurance
London P&I Club refinancing may signal the end of cheap cover
Financial restructuring at mutual confirms current industry rates are unsustainable
Gard again goes for P&I gold, but some big names are struggling
Tysers’ financial review finds Norwegian giant is continuing to outpace rivals
Piracy levels continue to reach record lows, but IMB warns against complacency
However, agency raises concerns over deteriorating situation off Singapore and Peru
West of England sets 15% general increase for P&I as claims soar
Mutual says strong action is required to address soft rates and sky-rocketing claims
London P&I makes supplementary cash call on shipowner members
Protection and indemnity mutual forced to ask for cash amid soaring claims costs and soft rates
Nippon Salvage wins Crimson Polaris wreck removal job
Stern section of Doun Kisen bulk carrier has been aground off the coast of Japan for three months
West of England’s fixed premium P&I business takes off
P&I club registers double-digit growth in specialised sector as London-based mutual seeks to diversify income streams
Skuld warns of sanctions risk as Iran and Venezuela oil exports rise
Norwegian insurer recommends shipowners do their due diligence before carrying out ship-to-ship transfers