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MARITIME INSURANCE POOL
India’s shipping services to East Hormuz and Red Sea doubled from FebruaryShipping routes East of Hormuz and in the Red Sea have seen a significant increase in services. The Indian government is also processing a ...- Government assures 78 days of oil amid MPs' concernsConcerns over fuel, shipping, and fertilizer supplies dominated a Parliamentary panel meeting. Officials assured adequate fuel reserves and...
- India launches $1.5 billion maritime insurance pool, issues first coversIndia has launched its significant Bharat Maritime Insurance Pool. The initiative aims to bolster domestic maritime trade by reducing depen...
- Will provide insurance to all vessels coming to or going from India: DFS Secretary NagarajuIndia has launched its own maritime insurance pool. This initiative aims to support Indian maritime trade. Vedanta Sterlite, Balrampur Suga...
- West Asia conflict raises inflation risks; India's domestic strength offers cushion: Finmin reportIndia faces supply shocks from the West Asia conflict. This impacts inflation and trade. However, strong domestic demand and policy measure...
- India builds insurance shield for risky sea trade as global cover dries upIn response to the challenges posed by renewed hostilities affecting maritime trade, Indian public sector insurers have unveiled an innovat...
- India expands Russian marine insurance optionsIndia has increased the number of Russian insurers authorized to provide marine cover for ships docking at its ports. This move allows more...
- LNG tankers make U-turns from Hormuz as Iran keeps strait shutTankers carrying liquefied natural gas are now rerouting away from the Strait of Hormuz following Iran's warning that the key passage is ef...
- Cabinet clears Rs 12,980 crore maritime insurance pool to cut costsIndia is launching the Bharat Maritime Insurance Pool, backed by a substantial sovereign guarantee of over ₹12,980 crore. This strategic in...
- Cabinet approves ₹12,980 crore sovereign-backed maritime insurance poolThe Union Cabinet, chaired by Narendra Modi, on Saturday approved a Sovereign Maritime Fund to provide insurance cover for Indian-flagged, ...
- Cabinet meeting key decisions: Maritime insurance pool, DA hike for 1.18 crore government staff, new rail corridor among othersThe Union Cabinet has approved significant decisions impacting infrastructure and social security. A new Bharat Maritime Insurance Pool wil...
- Ministries meet to put a cover on ships in war zoneIndian ministries are creating a sovereign-backed insurance plan. A $100 million Bharat Marine Pool is being formed by insurers to cover sh...
- No plans to send Indian ships back to Hormuz: Shipping Ministry officialIndia is not sending its ships back to the Persian Gulf now. Insurance costs are high and the danger zone is large. Several Indian-bound fo...
- Nayara turns to dark fleet and Russian oil for survivalAfter EU sanctions, Nayara Energy is using dark-fleet tankers and a limited crude import selection to maintain operations, raising concerns...
- Global shipping insurance may shift if sanctions end, Bimco saysNikolaus Schues, president of Bimco, suggests that new insurers supporting Russia's shadow fleet could be integrated into the global shippi...
- Red Sea trade route will remain too risky even after Gaza ceasefire deal, industry executives sayExecutives from various industries highlight the high risks and additional costs of war risk insurance, leading to continued route changes ...
- India's general insurers eye bigger marine pool for Russian oil, fertiliser shipmentsLast year, general insurance companies led by state-run reinsurer GIC Re had set up a cargo pool for fertiliser imports with a net capacity...
- Global trade and shipping chaos faces a new problem. Slow vaccines for seafarersAll signs now point to a worsening crisis on the oceans, just as the industry seemed to be emerging from months of port restrictions that h...
- Arrested Suez ship fit for onward passage, manager saysTaiwan's Evergreen Line, which is the Ever Given's charterer, said it was investigating the scope of the Egyptian court order "and studying...
- Developments following Iran sanction revitalize Indian efforts to have own P&I clubIf the serious deliberations and meetings of like-minded people come to fruition, Indian maritime industry will soon have a Protection and ...
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