Tag: maritime claims

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US Court decides on bystander emotional distress claims

In the US a shipowner may face emotional distress claims from third parties, passengers or crew who witness traumatic events that take place on or near an associated ship, Standard Club informs. As a result, a crew may not claim compensation for emotional damages solely from witnessing the death of another without showing physical trauma or the fear of physical trauma from witnessing the event.  

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Global marine insurance premiums rise 1%, amid uncertain market development

The International Union of Marine Insurance (IUMI) presented its analysis of the latest marine insurance market trends. Specifically, marine underwriting premiums for 2018 were recorded at USD 28.9 billion, marking a single percentage point growth from 2017. According to IUMI, with significant challenges facing the market, the modest increase is not significant to indicate an upturn in the fortunes of the marine insurance sector.

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Salvage claims regarding the Turkish Straits

The Turkish Straits, consisting of the Istanbul and Çanakkale Straits and the Marmara Sea, linking the Black Sea to the Mediterranean Sea, are considered one of the most strategically significant waterways of the world. However, because of the busy traffic with a considerable number of tankers carrying dangerous cargo in the Turkish Straits there are always considerable concerns for the safety of the public and the environment.

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