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25 Jun 2019

Heightened Risk in the Gulf of Oman, the Strait of Hormuz and the Persian Gulf

On 12 May 2019 four oil tankers were attacked at anchor off Fujairah. According to a press release from the Missions to the UN of the United Arab Emirates, the Kingdom of Norway and the Kingdom of Saudi Arabia of 7 June 2019, preliminary findings from that investigation indicate...
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05 Mar 2019

Skuld moves non-P&I business from syndicate 1897 to corporate paper

Norway-based marine insurer Skuld is to move the underwriting of all its hull and offshore energy business from Skuld syndicate 1897 to the corporate paper of Skuld Assuranceforeningen through Skuld UK in London and SMA in Oslo. It said that the transfer of business from Lloyd’s...
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08 Feb 2019

B ATLANTIC style detention claims – confirmed covered under NMIP

During the latest revision of the Nordic Marine Insurance Plan, it was agreed to restrict the war risk cover to politically motivated interventions, with state interventions falling outside the war risk cover included in the marine insurance cover. The Nordic Marine Insurance...
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04 Feb 2019

Turkey accedes to IMO HK Convention on recycling

Turkey, which is one of the world’s five major ship recycling countries, has acceded to the IMO Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships 2009, which covers the design, construction, operation and maintenance of ships, and...
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