Garex chief executive Frederic Denefle appointed next IUMI president
War risk specialist would like to work with P&I clubs to develop a claims database
Garex chief executive Frederic Denefle appointed next IUMI president Read More »
September 2022
Tanker Values Post Significant Gains
The tanker market has posted significant gains so far this year, which has also been translated in value increases. In its latest weekly report, shipbroker Allied Shipbroking said that “the rapid recovery noted in the crude oil freight market has sent …
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CII: what it means in practice and why a workable clause is essential
BIMCO Deputy Secretary General, Lars Robert Pedersen, and Director, Contracts & Support, Stinne Taiger Ivø, explain the nature and pitfalls of the regulation and why the CII clause needs careful drafting to work in practice. Decarbonising the shipp…
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IUMI reports rising cargo insurance premiums
The International Union of Marine Insurance (IUMI) reports an increase in the 2021 cargo insurance premium base (from 2020) of 8% to USD 18.9 billion alongside an improvement in overall loss ratios. Speaking at this year’s Chicago conference, Isabelle …
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‘No practical upward limit’ on product tanker rates, shipowners say
There are still several factors that could help boost the product tanker market, some owners and analysts are allegedly nervous to talk up
‘No practical upward limit’ on product tanker rates, shipowners say Read More »