U.S. stocks finished little changed on Monday as investors focused on the effects of Tropical Storm Harvey. Insurance companies and oil drillers stumbled while refineries rose along with gasoline prices.
ProSight Specialty® Insurance announced today the launch of a Marine Contractors program, Longshore+ Marine Contractors, unifying all lines of insurance under a single carrier: ProSight.
Shipowner Torm has inked a deal to buy four fuel efficient MR resale tankers from China’s CSSC Offshore & Marine Engineering Co (Comec), with deliveries expected in 2019.
Two most heavily traded Dubai stocks were Islamic insurers. Poor corporate earnings, many of them the result of Saudi Arabia's austerity policies and sluggish economic growth, weighed on the Saudi stock market in early trade on Tuesday as regional bourses were generally soft.
Following our recent piece on the M/V Seccadi, a freighter registered under a flag of convenience and held by the British authorities after non-payment of crew wages and the discovery of disgusting conditions on board, comes more information regarding this and two other ships similarly flagged as Panamanian and also crewed by personnel abandoned by the vessels owners and operators. In each case the crews have been supported by the International Transport Workers' Federation (ITF) which equates the cases to a culture close to modern day slavery.
Discover how you can keep customers satisfied, reduce your business risks and stand out in the competitive logistics market by offering cargo insurance.
Extreme weather events may have an impact on the trading of cargo vessels, for example during the recent hurricanes Harvey, Irma and Maria in the USA and Caribbean, as they give rise to legal and cover questions in relations to the contracts of carriage agreed by the carrier.
Some banks have begun to pare back credit lines to smaller trading companies holding industrial metals in South Korea amid escalating tensions over North Korea’s nuclear and missile program, two industry sources said this week.
Opening this year’s annual IUMI conference in Tokyo, President Dieter Berg predicted an impending shake-up in the marine insurance sector driven by the current environment of disruption.
Opening this week's annual International Union of Marine Insurance (IUMI) conference in Tokyo, President Dieter Berg predicted an impending shake-up in the marine insurance sector driven by technology “disruption.”
In order to be accepted in the major UAE ports, a vessel must have hull and machinery and protection and indemnity insurance cover. The level of coverage is not mandated and is subject to the ports’ discretion.
Corporate Capital Inc. a Long Island-based business lender confirmed a funding partnership with Scale Operations Management, LLC. The funding agreement is the latest in a string of contracts signed by Scale Operations Founder Andrew Ukpabi.