Containers lost overboard at sea registered a welcome record low during 2022. The annual survey by World Shipping Council (WSC) recorded a loss of total 661 containers out of the 250m transported during the year. This was the lowest figure of containers lost since 2008 when the survey began.
The implementation of mandatory local marine cover for cargoes entering Ghana, rolled out on 1 September 2022, has been suspended for further consultations.
Most of the general insurers in Bangladesh posted lower profits for 2022 due to lower premium income from marine insurance business.
The Saudi Central Bank (SAMA) says that it has been drafting a set of regulations, called "Marine Insurance Coverage Instructions".
London's marine insurance market has added Sudan to its of areas deemed high risk this week amid further fighting in the conflict-ridden African country, reported Reuters citing an advisory note from the Joint War Committee.
Leading P&I club NorthStandard has established its new headquarters for Asia in Singapore.
The IUMI 2023 Asia Forum will be hosted from 8 to 10 May in Dubai -- the first time the Asia Forum will take place in the Middle East.
The localisation of marine insurance in Uganda has seen progress, an official of the Insurance Regulatory Authority (IRA) has said.
Vessels are exposed to higher fire risks caused by many issues including increased shipments of highly combustible lithium batteries. However, vessels may lack adequate firefighting resources and this could lead to severe damage and losses.