marine hull insurance News

Hundreds of P&O Cruise Passengers Flown Home After Tanker Crash

Hundreds of passengers on a P&O cruise ship that crashed into an oil tanker during a storm in Spain have been flown home. The flagship Britannia departed the Mediterranean island of Palma de Mallorca on Monday and will return to …

Ukraine Says Second Ship to Sail From Odesa Reaches Romania

A Liberian-flagged bulk carrier that was the second ship to sail from Odesa since Russia quit the Black Sea safe-transit deal has reached Romanian waters, said President Volodymyr Zelenskiy. The Singapore-operated Primus successfully navigated the temporary Black Sea corridor set …

P&O Cruise Ship Crashes Into Oil Tanker, Injuring Passengers

A P&O cruise ship with thousands of passengers on board collided with an oil tanker off the coast of Palma de Mallorca in Spain on Sunday, injuring a small number of people. Videos posted to social media showed the Britannia, …

Insurers Raise Premiums for Black Sea Oil Tankers as Tensions Mount: Traders

Insurance companies have notified charterers of ships operating in Russia’s Black Sea ports of an increase in additional payments known as “war risk premiums,” four traders said. A war risk premium was added to the common insurance costs for tankers …

Ukraine in Talks With Insurers to Start Program to Cover Ships Hauling Grain Exports

Ukraine’s government is in talks with insurers to start a new program to cover ships hauling grain through some of the riskiest parts of the Black Sea. The service could start as soon as early September, though a precise framework …

Ukraine Weighs Using New Black Sea Export Corridor for Grain Shipments

Ukraine is considering using its newly tested wartime Black Sea export corridor for grain shipments after the first successful evacuation of a vessel along the route last week, a senior agricultural official said on Monday. Russia has blockaded Ukrainian ports …

Ships Remain Backed Up in Black Sea Lanes as Russia Warning Shots Raise Tensions

Merchant ships remained backed up in lanes around the Black Sea on Monday as ports struggled to clear backlogs amid growing unease among insurers and shipping companies a day after a Russian warship fired warning shots at a cargo vessel. …

Ukraine Starts Registering Ships for Black Sea Corridor: Agency

Ukraine, which is seeking to form safe shipping routes in the Black Sea, has started registering ships willing to use the corridor it announced earlier this week, a local news agency said on Saturday [Aug. 12]. Ukraine on Thursday announced …

Russian Warship Fires Warning Shots at Cargo Ship in Black Sea

A Russian warship on Sunday fired warning shots at a cargo ship in the southwestern Black Sea as it made its way northwards, the first time Russia has fired on merchant shipping beyond Ukraine since exiting a landmark UN-brokered grain …

Black Sea Exporters Struggle to Clear Danube Shipping Backlog

Dozens of ships are backed up around critical Danube arteries close to Ukraine’s river gateways days after Russian drone attacks on the country’s ports, shipping data showed on Tuesday. The river and its mouth are Ukraine’s last remaining waterborne grain …