Marine insurance premiums in the Jordanian market witnessed a noticeable decline in 2019, compared to 2018.
The government has rescinded a regulation making it compulsory for coal exporters to ship their coal on Indonesian-registered vessels.
Maersk has the largest exposure out of all shipping companies to a slowdown in the Chinese economy with $27bn dollar exposure according to analysis conducted by Russell Group.
The new regime for Uganda's Marine Insurance starts in April 2020 and thereafter will become compulsory by July, according to the Insurance Regulatory Authority (IRA).
In an official statement, the organisers of the PIAM-IUMI Asia Forum 2020 announced that the event scheduled to take place in Kuala Lumpur on 10-11 June 2020 has been cancelled, owing to the worsening global COVID-19 situation.
The legislative framework for marine insurance in Morocco needs to be modernised, an insurance regulatory official has said.
Chinese non-life insurance giant PICC has completed the sale of its 40% stake in Donghai Marine Insurance, which is billed as the country's first specialist marine insurer.
The COVID-19 outbreak is expected to have a 'significant impact' on the marine insurance market as the volume of cargo shipments within Asia and across the globe reduces drastically, IUMI's chairman of the ocean hull committee Rama Chandran told Asia Insurance Review.
Sleep and Fatigue Research (Safr) organisation which uses technology to monitor and manage crew fatigue has identified sleepiness and long-term fatigue to be the major factors impacting accidents at sea.
The recent rise in kidnappings in West Africa within the last 18 months, and is likely driven by a rational cost/benefit analysis of the risks piratical groups face, says maritime security and risk intelligence firm Dryad Global.