Insurance ‣ WorldCargo News

Marsh, TMK launch trade disruption insurance for ports

News1 Oct 2024

Marsh and Tokio Marine Kiln have launched an insurance facility for ports and terminals, offering up to US$ 50m coverage for trade disruptio...

IUMI: Cargo insurance market improving

News19 Sep 2024

IUMI points to a positive growth of the marine insurance cargo market....

YM Mobility explosion triggers general average declaration

News23 Aug 2024

Yang Ming has declared General Average for YM Mobility following an explosion at Ningbo Port, requiring all stakeholders to share the cost...

Insurers Marsh launch multi-million dollar cover for port blockage incidents

News23 Aug 2024

An insurance package worth up to US$ 50 million has been brought to the market by Marsh, available to shipping ports and terminals around th...

New bill could raise financial liability up to tenfold for Dali owners

News16 Aug 2024

The new bill proposes up to tenfold increase in financial liability for foreign vessels involved in maritime accidents, targeting owners of ...

Allianz points to growing impact of war and geopolitical conflicts

News23 May 2024

Even though there is a significant decline in shipping loses, Allianz says war and geopolitical conflicts are increasingly affecting the ind...

Understanding the dangers of EV fires

News1 May 2024

Battery-powered mobile handling plant is gradually gaining ground in ports, but there is a knowledge gap when it comes to the risk of fires....

Freight container imports could be at risk, Xeneta’s Sand says

News15 Apr 2024

The seizure of the MSC Aries is not just a maritime incident; it is a reflection of the intricate interplay between geopolitics and global t...

General average declared over Dali’s Key bridge collision

News15 Apr 2024

The decision to declare general average indicates that the owners of Dali expect the salvage operations to result in extraordinarily high co...

MOL and Allianz spearhead lawsuits against Volkswagen over Felicity Ace fire

News6 Mar 2024

Mitsui OSK Lines and Allianz sue Volkswagen AG over the 2022 fire on the Felicity Ace cargo ship....

Insurance premiums are rising due to conflicts and other factors

News1 Mar 2024

The Israel/Gaza conflict and attacks in the Red Sea/Gulf of Aden region have resulted in companies having to pay more for insurance, but the...

Spyder Netting wins ICHCA Safety Awards 2024

News23 Feb 2024

A simple, easily deployed and reusable product developed by US-based Cross Currents88 and Norwegian ship owner G2 Ocean prevents stevedores ...

Safetytech Accelerator gets insurance companies support

News8 Sep 2023

TT Club, the UK P&I Club and several UK-based marine insurance companies have signed up to Safetytech Accelerator’s Cargo Fire & Loss Inno...

TT Club reinforces commitment to loss prevention

News14 Jul 2023

The insurance mutual has announced the commitment of additional resources to its loss prevention team....

Anti-corruption mission for TT Club

News23 May 2023

The insurer has joined the Maritime Anti-Corruption Network (MACN), a collective action alliance that aims to tackle corruption in the marit...

Insurance claims feeling the heat

News1 Mar 2023

According to Munich-headquartered Allianz Global Corporate & Speciality (AGCS), of 240,000 maritime insurance claims analysed over a five-ye...

Marsh, TMK launch trade disruption insurance for ports

IUMI: Cargo insurance market improving

YM Mobility explosion triggers general average declaration

Insurers Marsh launch multi-million dollar cover for port blockage incidents

New bill could raise financial liability up to tenfold for Dali owners

Allianz points to growing impact of war and geopolitical conflicts

Understanding the dangers of EV fires

Freight container imports could be at risk, Xeneta’s Sand says

General average declared over Dali’s Key bridge collision

MOL and Allianz spearhead lawsuits against Volkswagen over Felicity Ace fire

Insurance premiums are rising due to conflicts and other factors

Spyder Netting wins ICHCA Safety Awards 2024

Safetytech Accelerator gets insurance companies support

TT Club reinforces commitment to loss prevention

Anti-corruption mission for TT Club

Insurance claims feeling the heat

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Guidelines on safe transport of charcoal in containers published

Port of Oakland, NWSA join FLOW

Xeneta: Shippers are not out of the woods

Port of Gothenburg gets direct Ro-Ro connection to Asia

Port of Vancouver’s container volumes recover

Marsh, TMK launch trade disruption insurance for ports

IUMI: Cargo insurance market improving

YM Mobility explosion triggers general average declaration

Newsletter signup

Guidelines on safe transport of charcoal in containers published

Port of Oakland, NWSA join FLOW

Xeneta: Shippers are not out of the woods

Port of Gothenburg gets direct Ro-Ro connection to Asia

Port of Vancouver’s container volumes recover

ILA says it will move forward with strike on Tuesday

Map of major ports affected by strike on US East and Gulf coasts

Will port strike severely disrupt US economy?

ILA shuts down ports on Atlantic and Gulf coasts

Sand: Ships en route to East Coast will have to wait at anchor until strike ends