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IUMI reports continued rise of vessel casualties

Rising energy claims against a reducing premium base; and the increased cargo accumulation risk onboard vessels and in port continue to challenge marine insurers. Statistics released at the International Union of Marine Insurance Annual Spring meeting in Hamburg, last week, raise a series of issues that will continue to challenge marine underwriters for the foreseeable future.

Grounding in the Arctic

The Swedish P&I Club published its Monthly Safety Scenario for April 2014 regarding grounding of a bulker vessel in the Arctic. The Swedish Club publishes on a monthly basis a new “Monthly Safety Scenario” (MSS) to assist owners in their efforts of complying with the above regulations.

Poll

Does enclosed space entry need more regulation?

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