
US Sets $20 Billion Gulf Shipping Backstop
The United States introduced a $20 billion maritime reinsurance programme for eligible vessels in the Gulf, aiming to support trade flows and war-risk cover through the Strait of Hormuz.

The United States introduced a $20 billion maritime reinsurance programme for eligible vessels in the Gulf, aiming to support trade flows and war-risk cover through the Strait of Hormuz.

The UK P&I Club and TT Club are exploring a merger, aiming to strengthen their market position. Talks are still in the early stages, with discussions continuing over the next few months.

Shipowners’ Club announced a 5% General Increase in P&I premiums for 2026 and a 10% deductible rise, citing inflation and higher claims.
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