On May 25, 2024, the cargo vessel MSC ELSA 3 capsized 14.6 nautical miles off the coast of Kerala. The Liberian-flagged ship, en-route from Vizhinjam to Kochi, carrying 643 containers

Western sanctions on Russian oil have had unexpected consequences for insurance of crude oil tankers, here’s how. A recent investigation and documents leaked to Financial Times and Danish investigative journalism

What is the Red Sea shipping route? The Red Sea is a crucial route for container shipping and international commerce. Being the fastest route between Europe and Asia, nearly 15%

The seas have been a crucial means of trade since times immemorial, hence it would be no surprise that insurance, in one of its earliest forms, originated as marine insurance.

World Ocean Day reminds every one of the major role the oceans have in everyday life. They are a critical part of the biosphere and a major source of food

Many of us, including insurance professionals are clueless when it comes to the ‘Lloyds of London’. Lloyd’s is the world’s leading insurance and reinsurance marketplace. Their philosophy is ‘sharing risk

AL SALMY 6 a roll-on/roll-off (RoRo) vehicle carrier belonging to Dubai-based Salem Al Makrani Cargo Company of UAE capsized and later sank in the Persian Gulf about 30 miles from

Although the concept of insurance can be traced back to ancient civilizations, the first known insurance contract was signed in 1343, 679 years ago, in Genoa, Italy. This marine contract