Marine insurer to continue serving Gulf region

Firm assures shipowners that cover will continue as usual despite tensions

Marine insurer to continue serving Gulf region


By Gabriel Olano

Mutual marine insurer The Strike Club has issued a statement that it will continue to provide marine delay insurance to its members operating in the Straits of Hormuz between the Gulf of Oman and the Persian Gulf, amid growing geopolitical tensions and attacks on tankers in the region.

“None of our 2,000 entered ships has experienced problems in the Gulf region despite the ongoing disruption from recent events,” said The Strike Club chairman Alan Le Guillard. “The cover we provide to members will continue unchanged. Many of our members have already opted to include war risks in their delay insurance policies, so if the situation in the Gulf deteriorates further, they will continue to be covered.”

The Strike Club’s marine delay insurance covers up to 21 days’ delay caused by shoreside and shipboard circumstances. The club became a part of The Standard Club group, a leading protection and indemnity (P&I) mutual, in February.

“In today’s increasingly volatile trading environment, it is vital for shipowners and charterers to protect their revenues should their vessels get held up by strikes, port closures, collisions, alleged pollution, cyberattack, war and other unexpected delays – and in the most cost-effective way possible,” said Hugh Williams, The Strike Club’s vice president and vice chairman. “With the increased security provided by The Standard Club, The Strike Club is now in an even stronger position to continue meeting this growing demand.”

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