Capesize bulkers have ‘positive end to the week’ as China reels in Australian iron ore
Spot rates for smaller bulkers also improved later in week but were less volatile
Insurance
Shipowners’ Club upbeat after strong underwriting result
Specialist ship insurance mutual registers an underwriting profit last year
David Roberts to head up NorthStandard’s Asia regional headquarters in Singapore
Club claims it offers the widest P&I service provision in Asia-Pacific region
International Group clubs pull P&I insurance cover from Gatik tankers
Only a handful of the Indian shipowner’s tankers remain under the cover of the shipping industry’s leading insurers
Nordic insurers added $274m in premium income last year
Figures show hull, energy and P&I insurance markets remained firm last year
Insurer Gard puts out drug alert on Mexican ports
Ships and crew have been detained for months after the discovery of drugs
Broker Howden launches marine and energy business in Norway
Marine specialist Frode Lund jumps ship from WTW to head up the new outfit
Leading insurers pull out of UN’s Net Zero Alliance over antitrust concerns
Munich Re and Zurich insist the move does not impact their commitment to decarbonise
Peter Dohle container ship detained in Greece after shipwreck ‘scratches’ hull
Vessel suffers minor damage as Greece continues to show little enthusiasm in removing vessel carcasses
Sanctions and geopolitical tensions will put shipowners in tight spot, NorthStandard’s Salthouse says
NorthStandard director of external affairs believes there will be a bifurcated shipping market