Marine

Widespread uncertainty and a changing environment present novel challenges as well as opportunities for growth in maritime finance, shipbuilding, shipping, ports and terminals, cargo, and logistics.

Maritime and logistics industries are not exempt from today’s unprecedented levels of global uncertainty.

Increasing environmental standards and industry regulation, coupled with technological advances and use of big data, are accelerating the velocity and convergence of risk. Novel and unexpected risks such as pandemics, supply chain shocks, cyber threats, and backlogs caused by delays worldwide add to the disruption faced by maritime and logistics companies.

This changing global landscape necessitates swift adaptation by ship owners and operators, managers of ports and terminals, and cargo and logistics service organisations. These businesses also must contend with insurance markets’ sharp reaction to losses, which is driving price, reducing cover, and making claims resolutions more complicated.

With the right guidance, insurance programs, and risk mitigation strategies, maritime and logistics companies can skilfully navigate the changing risk landscape to minimise losses and liabilities, and exploit opportunities for future-proofing growth and resilience.

We have the scale, scope, and market presence to solve almost any risk problem facing your organisation.

Test

Old compass on vintage map. Retro stale. Making a decision, choosing a direction.

Podcast

03/04/2025

An Eye on P&I Episode 16: P&I Sustainability Initiatives – Part 1

In this episode our hosts explore the critical role of sustainability initiatives in P&I insurance. They discuss recent findings from Marsh's report on the sustainability efforts of I.G. P&I Clubs and how these initiatives impact club membership.

Podcast

12/03/2025

An Eye on P&I Episode 15: Role of a Broker

How P&I insurance brokers help ensure pricing is fair, provide renewal guidance, assist with claims, and mediate between clients and IG clubs.

Podcast

27/02/2025

An Eye on P&I Episode 14: Defence Cover

Understand defence cover - what it entails and the types of disputes it can address, as well as variations between different clubs' rules and cover limits.

FAQs

Physical loss or damage to property that is owned, or for which an insured has responsibility at the time a loss or damage occurs, is considered the main (and most obvious) area of risk exposure. Fire, explosion, or ‘perils of the sea’ risks such as grounding, stranding, sinking, and capsising, would be major risks for vessels. In some locations, war, strikes, piracy, or ice damage also pose risks. For goods being shipped by sea, there are the added risks of transit or wetting damage, theft, or short delivery – and all are common loss events. In addition to physical losses, liabilities incurred during maritime operations are a major risk exposure.

As economies emerge from pandemic restrictions, the health of port employees and visiting crews remains a major challenge. New ways of working, new technologies, and digitisation present further challenges, but opportunities as well. Congestion and environmental regulations are also significant issues.

Cargo insurance primarily offers protection against accidental physical loss or damage while goods are in transit. However, it may be extended to cover goods in temporary storage, during their overall transit along the supply chain. Cargo insurance also typically offers additional cover for any general average or salvage charges that the cargo owner becomes obligated to pay.

The physical and mental well-being of seafarers is a top priority for the maritime community, more than ever. The Neptune Declaration, which aims to protect and promote the safety and well-being of seafarers, was recently issued. Many seafarers were stranded on vessels far beyond their employment contract date, leading to profound safety and emotional well-being risk. Marsh, along with more than 800 organisations, has signed the Neptune Declaration and in doing so is committed to bettering conditions for these essential workers.

Marine

Maritime and logistics industries are not exempt from today’s unprecedented levels of global uncertainty.

Our expertise

Featured insights

An Eye on P&I Episode 16: P&I Sustainability Initiatives – Part 1

An Eye on P&I Episode 15: Role of a Broker

An Eye on P&I Episode 14: Defence Cover

650+

35

US$3.9

FAQs

Global leadership

Marcus Baker

Louise Nevill

George Jones

Michael Pellegrini

Thiago Gonçalves

Dirk Segers

Costas Joannides

Abhijit Naik

Michael Walls

Marsh.com Sign in

Marine

Maritime and logistics industries are not exempt from today’s unprecedented levels of global uncertainty.

Marine, cargo, and logistics trends report

Our expertise

Featured insights

An Eye on P&I Episode 16: P&I Sustainability Initiatives – Part 1

An Eye on P&I Episode 15: Role of a Broker

An Eye on P&I Episode 14: Defence Cover

650+

35

US$3.9

FAQs

What are the most common risks for the marine industry?

What specific risks and challenges are facing ports and terminals?

What is cargo insurance?

How has the COVID-19 pandemic impacted the global maritime and logistics industry?

How is the maritime community addressing the health and well-being of seafarers during these uncertain times?

Global leadership

Marcus Baker

Louise Nevill

George Jones

Michael Pellegrini

Thiago Gonçalves

Dirk Segers

Costas Joannides

Abhijit Naik

Michael Walls

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