News

Syndicate Results 2021 #22 Starr Syndicate 1919

Syndicate results 2021 #22 Starr Syndicate 1919

The Lloyd's syndicates have now published their results for 2021 and, in some cases, added detail and an outlook for 2022. Some have stuck to the bare bones. As last year, IMN is summarizing the results from all syndicates that…

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US To Allow Venezuelan Oil Exports To Europe

US to allow Venezuelan oil exports to Europe

The Biden administration in the US looks set to permit Venezuela to export oil to Europe. Ever since Russia invaded Ukraine on February 24th the US has been thawing its dealings with Venezuela, partly to replace the oil no longer…

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Growing Disruption In Global Shipping Predicted After Shanghai Renormalizes

Growing disruption in global shipping predicted after Shanghai renormalizes

There are growing fears throughout the shipping industry of renewed disruptions and backlogs as China begins renormalizing operations in Shanghai following nearly two months of Covid-related disruption. Vessel diversions increased rapidly starting from mid-April, resulting in a growing amount of…

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Flag & Classification Societies Withdraw Services From Russian

Flag & Classification societies withdraw services from Russian

We recently saw IACS Council Withdrawing Russian Register’s Membership of IACS; the last couple of days we have seen also a number of Classification societies (LR, ABS) withdraw their services from vessels that are controlled, owned or managed by Russian…

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IACS Council Withdraws Russian Register’s Membership Of IACS

IACS Council Withdraws Russian Register’s Membership of IACS

Given the current situation in Ukraine and all sanctions imposed the last weeks by US, UK, EU countries and entities, the IACS Council has announced that the Russian Maritime Register of Shipping’s membership of IACS is withdrawn with immediate effect.…

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North Of England & Standard Club Merging

North of England & Standard Club Merging

North of England & Standard Club have announced that they are exploring the potential combining to jointly create a club. The two are of equal financial strength and this will allow them to compete with Gard in scale and still…

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2022-23 P&I Renewal/International Group Club Data

2022-23 P&I Renewal/International Group Club Data

[ 2022 PY Deferred Calls ] [ 2022 PY Entered Tonnage ] [ 2022 PY General Increases ] [ 2022 PY Rebate Values ] [ 2022 PY Release Calls ]

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International Group Reinsurance Rates 2022/23

International Group Reinsurance Rates 2022/23

The arrangements for the renewal of the International Group’s General Excess of Loss Reinsurance Contract (GXL) and Hydra reinsurance program for the forthcoming 2022 policy year have now been finalized

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