Safety & Regulation

Call for marine insurers to address the current formation of war and strike clauses in an effort to halt the tide of litigation.



Iran flag

Unlikely that the US will offer exemptions in the new sanctions regime against Iran, a New York law firm partner told IUMI delegates.

Trade war between the US and China

Vessels may be unable to access ports while seafarers may also be barred from operating in certain nations in the event of a full-blown trade war.

Containerised cargo being loaded on to a vessel

Underwriters will challenge the tide of cases involving inaccurate or incomplete cargo labelling, IUMI committee chief warned.

Marsh & McLennan will be the world's biggest marine broker.

The deal was announced this morning in London and as news spread to marine insurers in Cape Town, there was a concern over where it will leave the market.

Map of Africa

IUMI targets membership increase in Africa.

Maersk Honam fire

A leading salvor said the introduction of more fire breaks would be a significant first step to prevent a fire from spreading across large numbers of containers.

ICS secretary general Guy Platten

For the vast majority of vessels, complying with the 2020 sulphur cap will mean using fuel oils with a sulphur content of 0.5%, the ICS said.

A damaged shipping container

Astrid Seltmann said there are worrying sides for cargo insurers following significant losses last year that gave rise to the most expensive North Atlantic hurricane season in history.

A Maersk container ship

The new BAF, comprising a trade factor and fuel cost, will replace the existing Standard Bunker Factor and enable customers to simulate and calculate the BAF tariff at any fuel price for a given trade route.