Li-ion fires continue to plague shipping industry
Lithium-ion batteries are an increasing cause for concern in shipping, as reflected in the number of fires on roll-on roll-off car carriers and container ships. The risks of Lithium-ion battery fires in cargo that is not stored, handled or transported correctly means loss prevention is vital for the industry, particularly given the difficulties involved in […]
Ukrainian grain insurance facility secures first placement
The first insurance placement for the new Marine Cargo and War facility launched earlier this month by Marsh and Ascot has been secured. The facility provides up to US$50m in all risks marine cargo and war coverage. Now open to Lloyd’s of London registered brokers in support of ongoing humanitarian efforts, the facility provides cover […]
EU and UK Cooperate on Insurance Ban for Russian Oil Cargoes
The European Council agreed yesterday to ban seaborne imports of Russian oil, forcing Russia to look further afield for energy customers. But an additional, less-noticed element of the accord could have more impact. The EU has also reached an agreement with the government of Britain to enact a coordinated ban on European insurance for Russian […]
