maritime industry News

Viewpoint: A New Risk Landscape Emerges for Global Maritime Industry

In a constantly changing world, the maritime industry has always stood as a symbol of resilience, adaptability, and progress. Key to this, however, has always been the role of insurance, and in particular, third party liability within the context of …

Maritime Industry Explores Nuclear Power for Ships as Technology Opens Up

LONDON –– The maritime industry is exploring whether nuclear fuel can be used to power commercial ships as advancements in technology open up such options, industry officials said. Nevertheless, any possible nuclear fuel solutions for ships are at least 10 …

U.S. Sanctions Advisory Raises Hurdles For Global Maritime Industry

LONDON/WASHINGTON — Ship owners and insurers say it may be impossible for the maritime industry to fully comply with the Trump administration’s new guidelines on how to avoid sanctions penalties related to Iran, North Korea and Syria, raising the risk …