Urgent.News

What's breaking now, across thousands of outlets.

More in Finance & Markets

Ocean hull market faces growing risk pressures despite global premium growth, reports IUMI

The global ocean hull insurance market is continuing to soften despite apparent growth in the overall premium base, according to Ilias P.Tsakiris, Chair of the Ocean Hull Committee speaking at the…

  • Global ocean hull premium base reached USD 10.5 billion in 2025, up 9.4% from previous year.
  • Fleet growth, higher vessel values, and exchange-rate fluctuations contribute to premium increase.

When the Levee Breaks

The weakest June for Chinese crude imports in a decade did not cost a single barrel of throughput. Imports fell 41.3% on the year, runs held above 12.4 mb/d, and product exports went up.

More from Thursday 24 September →