Marine Transportation

The import and export business represents a substantial portion of worldwide economic activity. The processes involved are complex, often time-sensitive and wholly reliant on an efficient transportation infrastructure.

This is nowhere more apparent than in marine transportation. Ships operate in harsh environments, equipment is capital intensive and increasingly technologically advanced. Incidents involving passengers are media sensitive, whilst relatively minor accidents at sea or in port can have a serious impact on whole supply chains.

At JLT Asia, we add value to these businesses through our knowledge of the sector and our maritime transportation insurance capabilities. We have a long history of providing competitive and innovative risk solutions, both conventional and alternative, to ship operators and managers, ship financiers, charterers, shippers, cruise and ferry operators, ports, terminal & logistics operators, and shipbuilding & repair yards.

Our portfolio of clients in the marine business constitutes one of the largest marine accounts.

Our Experience

International Shipping - Our clients include major international ship owners and operators based in Asia, Canada, Greece, Russia, Scandinavia and the USA.

Cruise and Ferry operations - We provide both traditional and customised insurance solutions to leisure and passenger markets.

Charterers - We work with major charter and trading operators to provide coverage for charterers' liability risks. We have specific expertise in commodity trades, but are also skilled in designing and executing programmes for all charterers.

Ports & Terminals - We have an in depth understanding of the processes and risks inherent in ports & terminals, and offer an unrivalled level of service and broking skills to our clients.

Shipbuilding/Repair - We have had a long association with Builders' Risk Insurance and Ship Repairers' Liability covers. We currently work with clients in Europe and South Korea, as well as with the world famous Harland & Wolff yard in Belfast.

Specialist Projects - Our ability to design, structure and negotiate innovative risk solutions has been proven on many large and specialised projects. Our experience and technical knowledge cover all aspects of "wet" risks, as well as land-based marine exposures. Our product range includes the placement of Political and Credit Risk coverages designed for the Maritime Industry.