Despite a relatively benign year for pool claims in 2023, Protection and Indemnity (P&I) clubs will seek further price improvements at the February 2024 renewal, to keep up with claims inflation, according to a new report from AM Best. The Best’s Market Segment...

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The United Nations shipping agency is working “tirelessly” to solve the Red Sea crisis, which is severely disrupting the global transport of goods, according to its head. Yemen’s Houthi rebels, supported by Iran, have launched dozens of attacks against ships in the...

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Four people were killed — including the suspected perpetrator — in a shooting that happened at the offices of a shipping company in a town on the outskirts of the Greek capital Athens on Monday. Greek media reported that the shooter had killed two men and a woman...

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BIMCO has established a subcommittee to work on a global standard contract for the transport and installation of offshore wind turbines. The project has been launched to support the offshore wind industry as the global demand for more renewable sources of energy...

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The Baltic Exchange’s dry bulk sea freight index rose to a one-month high on Monday, buoyed by firm capesize and panamax vessels rates. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 27 points, or 1.8%, at 1,572...

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The Panama Canal sees no need for further vessel transit restrictions until at least April, when its authority will evaluate water levels at the end of the dry season, Deputy Administrator Ilya Espino told Reuters. A severe drought last year forced the canal to reduce...

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