Credit rating firm A.M. Best announced on 16 May that it had affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “A-” of the Club. The outlook of these…
The Managers are aware of the reported attacks on two ships in the Gulf of Oman on 13 June. Although full details of the incidents are yet to be confirmed, there does appear to be a greatly increased…
Press reports have quoted the commander of the Libyan Air Force, Brigadier Saqr Al-Jaroushi, as saying "any vessel or cargo ship approaching the port of Misrata would be targeted directly and…
The Directors have agreed the gross rates of Annual Premium to be charged for the 2015 Policy Year. The rates as set out in Circular C1-2015 dated 20 January 2015) correspond to a reduction of 25% on…
In a statement by Captain Warredi Enisuoh, the Director, Shipping Development of the Nigerian Maritime Administration and Safety Agency (NIMASA) the Nigerian Federal Government has made clear…
The Managers have today received reports that the Nigerian authorities plan to close the country's land and sea borders with effect from 0000 25 March LT until 0000 LT 28 March 2015, whilst elections…
The Managers have received reports that the port of Aden, Yemen, has closed today, 26 March 2015, amid heavy fighting between Houthi rebels and pro-government forces. We have been informed that the…
Following our update on Wednesday 25 March, the Managers have received some further information on the current situation in Nigeria. In the lead up to the General Elections, most…
Venezuelan Port Control has lifted its recent port restrictions which prohibited entry to ships arriving from Aruba or Curacao, or flagged to those countries.
