Marketing and Pricing Risk in Marine Insurance in Sixteenth-Century Antwerp

Puttevils, Jeroen; Deloof, Marc

doi:10.1017/s0022050717000687

Cited by 7 publications

(1 citation statement)

References 39 publications

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“…H&M usually covers losses or damage to the vessel caused by perils such as grounding, collision, fire, and explosion, while P&I covers third-party risks for damage caused to cargo and environmental damage such as oil spills. The factors that affect the rates include the specific routes, ship conditions, cargo type, and the insurance buyers' reputation [31]. It should be noted that insurance premiums can be negotiated between policy underwriters and shipping companies.…”

Section: Methodsmentioning

confidence: 99%

Energy-Saving Potential and an Economic Feasibility Analysis for an Arctic Route between Shanghai and Rotterdam: Case Study from China’s Largest Container Sea Freight Operator

Wan

Chen

2018

Sustainability

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Global warming has significantly reduced summer ice coverage in the Arctic region, providing long-awaited opportunities for the shipping industry to open new routes through a region known for its harsh navigational conditions. If a shortcut between Asia and Europe via the Northern Sea Route (NSR) is adopted, significant energy saving and pollution reduction are possible compared with conventional southern routes. However, opinions in literature differ regarding this shortcut's economic viability. We present an analysis from the perspective of COSCO, China's largest container sea freight operator. We perform a cost-benefit analysis under several scenarios considering the following current realities: (1) declining oil prices not seen for decades, even lower than the lowest prices assumed in previous studies; (2) declining Russian NSR tariff as an effort to attract shipping traffic; (3) possible emission control areas along a northern route may require much cleaner energy and thus impact costs not studied in previous models; and (4) the capital cost difference between a hired and a self-owned vessel. Classical case studies of shipping routes between Shanghai and Rotterdam are adopted for comparison. We explain how different factors impact the shipping costs and to what extent can the NSR be economically viable. Occasional usage of NSR (e.g., one time transit) is unlikely to be more profitable given the higher unit transportation cost, but the route could be economically competitive in terms of the total profits earned for continuous usage. A more aggressive scenario which requires ships on the NSR to switch to much cleaner fuel would erode this route's competitiveness, but extra environmental benefits should be taken into consideration if future carbon emission trading schemes include the shipping industry.

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Section: Methodsmentioning

confidence: 99%

Energy-Saving Potential and an Economic Feasibility Analysis for an Arctic Route between Shanghai and Rotterdam: Case Study from China’s Largest Container Sea Freight Operator

Wan

Chen

2018

Sustainability

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Underwriting Empire: Marine Insurance and Female Agency in the French Atlantic World

Wade¹

2022

Enterp. Soc.

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This article offers the first extensive analysis of female agency in the marine insurance industry of early modern Europe. Drawing from a data set of more than four thousand insurance policies signed in the Royal Insurance Chamber in Paris between 1668 and 1672, the article studies the activities of Parisian women within the institution. These policies illustrate that women played a crucial role in the Chamber as underwriters, creditors, commission agents, and policyholders. Moreover, institutional papers and the records of the Parisian admiralty court reveal that women acted ably in defense of their interests when conflicts emerged, although there were limitations to their agency in the Chamber itself. In this way, the article challenges the long-standing perception that underwriting was an exclusively masculine activity in pre-modern Europe. Moreover, it sheds light on the role of women in supporting the maritime and colonial policies of Jean-Baptiste Colbert, Louis XIV’s eminent minister, thereby becoming underwriters of France’s early Atlantic Empire.

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