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Insurance – Law

Stay up to date with the latest in Insurance – Law— covering market updates, regulatory changes, vessel activity, and expert commentary from top maritime sources.
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Need for “fair, commercial, commonsense reading” of awards

25 Apr, 2026
The case of Eagle Bulk Pte Ltd (now Star Bulk (Singapore) Pte Ltd) -v- Traxys North America LLC (MV Canary) [2026] EWHC 518 (Comm) highlights that challenges under s.68 of the Arbitration Act 1996 (1996 Act) to arbitration awards, on the gr...

Claims tsunami? Ship machinery failure, fires drive claims cost rise | Maritime Insurance news

14 Apr, 2026
Machinery failure and fires are the main drivers of the recent increase in claim costs. Nordic marine insurers have reported an extraordinary increase in claims above $10m and increase in total losses on vessels with values above $10m, but ...

Swedish Coast Guard releases detained bulker suspected of marine pollution | Maritime Insurance news

14 Apr, 2026
A Panama-flagged vessel which the Swedish coast guard boarded on Sunday morning suspecting it of an environmental offence has been allowed to leave Sweden after the master of the vessel admitted of violating the Swedish environmental code, ...

Russia and China block UN resolution on Hormuz Strait | Maritime Insurance news

10 Apr, 2026
The UN Security Council has failed to adopt a resolution aiming to safeguard navigation through the Strait of Hormuz. The draft resolution received 11 votes in favor, with two against – Russia and China – and two abstentions from Pakistan a...

Captain of cargo ship detained in Ukraine faces prison for illegal exports | Maritime Insurance news

09 Apr, 2026
The suspected captain of the “shadow” vessel, which was detained in December 2025, faces up to five years in prison. Under the procedural guidance of the prosecutor’s office, the captain of the Russian dry cargo ship was informed of suspici...

US doubles maritime reinsurance to $40b to keep oil flowing through Hormuz | Maritime Insurance news

07 Apr, 2026
Amid the escalating tension in Middle East that has severely affected the Strait of Hormuz, the United States has doubled its maritime reinsurance coverage to $40bln and added new insurance partners. The US insurance program, which is desig...

Sweden boards sanctioned tanker suspected of causing Baltic oil spill | Maritime Insurance news

06 Apr, 2026
The Swedish Coast Guard said Friday it has ordered a tanker suspected of causing an oil spill in the Baltic Sea, east of Gotland, to anchor in Swedish territorial waters. The Coast Guard boarded the vessel early Friday and took it and its 2...

US voices concern over Panama-flagged vessel detentions in China | Port news

06 Apr, 2026
The U.S. secretary of state Marco Rubio on Thursday expressed support for Panama after China was accused of detaining Panama-flagged ships. In a recent statement, the secretary of state said China’s recent actions against Panama-flagged ves...