The Insurer
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NewsSecurity that's fit for purpose
Ports and terminals are increasingly being drawn into the purview of private maritime security companies, as such contractors seek to strengthen their links with the insurance market.
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NewsBaby steps on energy strategies
All the leading ports groups seem to have got the message that they need to manage energy consumption on sustainability principles, but action is still in its infancy.
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NewsInsurance comfort for the bottom line
At first glance, the prospects of keeping their insurance spend at current levels might seem slim for executives in the ports and terminals industry; the recent series of high-profile natural catastrophes could encourage underwriters to seek dearer premiums at renewals.
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NewsDon't get caught out in the cold
Eyes are looking north to a vast region of lucrative international trade promise – a region served rudimentarily for the most part by seaports. The superpowers are becoming ever keener to assert their strategic interests in the warming Arctic.
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NewsBigger ships, bigger headaches
A heavy soup of responsibilities and liabilities mixes into today''s vast port projects, insurance experts have warned.
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NewsShake-up brings benefits for ports
RaetsMarine talks to James Brewer following the company''s takeover by Lloyd''s group Amlin
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NewsExpect more Sandy-type storms
It will take a long time for the tailwinds of post-tropical cyclone (that is what it was, not a hurricane) Sandy to die down.
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NewsAfrica tackles its risk culture
While cost-cutting at ports in much of the world is leading to fears that risk management standards will fall, there appears to be brighter hope on that front in parts of Africa.
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Cracking maritime disputes
When it comes to disputes, winning a case is just the start of the battle. In the maritime world, very often the ruling, or award in the case of arbitration, has to be enforced in a different jurisdiction, and that is where local legal knowledge – and enormous reserves of ...
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NewsThe ripple effect of storm Sandy
"We never expected the Hudson River to come up this far..." That has been the lament of hundreds of residents and business owners on the east coast of the US, struck by the chaos of cyclone Sandy.
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NewsSleepless nights on crane collisions
A nightmare scenario came true for port operators and insurers alike four years ago, in the form of a major accident in the UK involving both merchandised and land-based cranes.
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NewsStormy weather fails to dampen prospects
Hurricane Ernesto, Typhoon Haikui, Typhoon Damrey, Typhoon Saola. That grim quartet struck in the space of just a few days of August, bringing destruction to parts of Central America in the first instance, and heavy flooding in the Far East in the rest. Earlier in the year, tornadoes brought havoc ...
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NewsNot as 'London' as it used to be
How fares the London marine insurance market? Generally as active and influential as ever, it seems, although it is not as ‘London’ as it used to be.
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NewsA sea of change in China
“Reaching the world from northeast China: Port of Dandong,” booms a voice from the television in my hotel room in Shanghai, where I have arrived to spend time with people from the city’s Maritime University, one of the shipping world’s great educational institutions.
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NewsReinsurers open premium hike floodgates
The earth is certainly moving under the insurance market, as a result of the natural catastrophes of the past year and a half, and the port industry will suffer as a result.
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NewsA keen focus on Brazilian development
As one of the fastest growing economies, Brazil is doing its best to improve its ports and road infrastructure to cope with huge shipment volumes. Insurance carriers regionally and globally meanwhile have to pick up the pieces when breakdowns, theft and port congestion add to shipping and cargo costs.
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NewsClaims information found in unexpected places
‘Claims’ is very much the name of the insurance game right now. With record insured losses in 2011, underwriting companies are upgrading the sometimes elderly software that is supposed to aid sound assessments.
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NewsInsurance premiums in check... for now
The January 2012 renewals have shown that once again, liability cover remains the main battlefield for the insurance custom of ports and terminals, but a Costa Concordia cloud hangs over future renewals.
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NewsRousing the Russian bear
Heightened activity in the Russian insurance market is set to have repercussions for the international ports and terminals sector.
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NewsThe behemoth in the basin
Any senior manager who feels satisfied with the risk management system in his or her port almost certainly needs to think again - big is on the agenda and ports need to be prepared for the ensuing risks.
