Maritime Security

Global Marine Insurance Premiums Rise By 1%, But Future Market Development Remains Uncertain

IUMI – the International Union of Marine Insurance – presented its analysis of the latest marine insurance market trends at this week’s annual conference in Toronto, Canada. Marine underwriting premiums for 2018 were recorded at US$28.9 Billion which represents a single percentage point rise from 2017. With significant challenges facing the market, the modest increase is not significant to herald…


PCG Foundation Anniversary

The nation and its maritime community join the Philippine Coast Guard (PCG) in commemorating its founding anniversary in October. Originally created as a civilian bureau in 1901 by the United States, the organization assumed its military character in 1967 by virtue of Republic Act 5173. It used to be one of the Philippine Navy’s major units until its separation in…