Iran shows off its control over strait after collapse of peace talksIran has asserted control over the Strait of Hormuz. This follows the breakdown of peace talks. The United States has boarded another tanke...
23 Apr, 2026, 07.20 PM IST
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...
19 Apr, 2026, 06.00 AM IST
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, ...
18 Apr, 2026, 05.59 PM IST
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...
11 Apr, 2026, 09.57 AM IST
Ship insurers juggle war risks for perilous Gulf routeIranian threats in the Strait of Hormuz have significantly increased maritime insurance costs, with war risk premiums for a single trip now...
29 Mar, 2026, 08.50 AM IST
West Asia Crisis: War cover premiums rise for freight carriers, impacting shipping costsAs freight carriers absorb escalating costs for war cover in West Asia, shipping expenses are poised for a hike. Ships transporting crude o...
03 Mar, 2026, 04.37 PM IST
On a War-footing: Reinsurers move to rework marine, aviation policies as West Asia tensions riseGlobal reinsurers are reviewing war risk insurance for ships and planes due to rising tensions in West Asia. Strait of Hormuz is now seen a...
03 Mar, 2026, 07.18 AM IST
GIC Re withdraws marine hull war cover in high-risk regionsState-owned GIC Re will withdraw Marine Hull War Risk cover from several high-risk regions starting in early March, including the Persian G...
02 Mar, 2026, 12.57 AM IST
Kerala's climate tech startup gets Rs 75 lakhs grant from Cochin ShipyardKerala-based deep-tech startup Neiox Eco Cycle has received a Rs 75 lakh prototyping grant from Cochin Shipyard under the USHUS Maritime In...
24 Oct, 2025, 10.26 AM IST
Coast Guard, Hindalco ink MoU for manufacturing indigenous marine-grade aluminum for shipsThe MoU is for the manufacturing and supply of indigenous marine-grade aluminium to Indian public and private shipyards for the constructio...
10 May, 2024, 10.37 PM IST
Private general insurers expand market share to 53.58 per cent in H1'FY24"Private general insurers have a combined market share of 53.58 per cent YTD September 2023 with a growth rate of 21.13 per cent as compare...
26 Nov, 2023, 04.40 PM IST
Insurance industry joins push to decarbonise global shippingDecarbonisation is the need of the hour and can be achieved by using alternative fuels or focusing on renewable energy sources.
16 Dec, 2021, 10.24 AM IST
China developing world's fastest amphibious fighting vehicleThe North China Institute of Vehicle Research has built the armoured fighting vehicle (AFV) that can attain a top speed of 50 kilometres pe...
12 Jun, 2017, 12.43 PM IST
Caught in Indo-Pak crossfire, insurers consider raising hull, marine premiumThe rate of both marine and hull are reinsurance market-driven, while war risk is generally associated with cross-border operations, foreig...
30 Sep, 2016, 08.59 AM IST
- General insurers' premium income from marine hull, aviation policies sees muted growth
General insurers' premium income from marine hull and aviation policies grew less then 5% in fiscal 2011-12 due to a slowdown in expansion ...
30 May, 2012, 04.15 AM IST
- UAE to ban single-hull tankers after 2010
Single-hull tankers will not be allowed to trade in the UAE after 2010 despite indications by Asian countries that they will welcome tanker...
22 Sep, 2008, 02.20 AM IST
- Competing insurers help cut cost for shipping companies
Increasing competition among insurance players has helped to reduce the outgoings of Indian ship owners and shipping companies, whose marin...
01 Sep, 2008, 01.17 AM IST