marine insurance News

India’s Navy Takes Control of Bulk Carrier Hijacked by Somali Pirates, Evacuating Crew

The Indian navy said late Saturday that it had taken control of a bulk carrier hijacked by Somali pirates and evacuated the 17 crew members on the vessel. In a statement on X, the navy said all 35 pirates on …

Treasury Asked Why US P&I Club Insures Ships Carrying Iran Oil

A Republican congressman is asking the Treasury Department to explain its handling of a US insurance company that covered dozens of tanker ships suspected of carrying sanctioned Iranian oil. Representative Zach Nunn of Iowa, a member of the House Financial …

Pressure Builds for Charge on Global Shipping Sector’s CO2 Emissions

The European Union, Canada, Japan and climate-vulnerable Pacific Island states are among 47 countries rallying support for a charge on the international shipping sector’s greenhouse gas emissions, documents reviewed by Reuters showed. The documents, being discussed at an International Maritime …

In Ukraine’s Bombarded Ports, Ship Buyers Scout for Deals

Since Russia invaded Ukraine two years ago, nearly 50 merchant ships have been languishing in its waters, stuck in ports too dangerous to sail from. But while these ships have not moved, some of their owners have changed, highlighting the …

Twenty Armed People Board Cargo Ship off Coast of Somalia, Security Firm Says

Twenty armed people have boarded a cargo ship off the coast of Somalia and have taken control of it, a maritime security firm said on Tuesday. The vessel is the latest to be targeted following a resurgence of attacks by …

Yemen’s Rebels Target Singapore-Flagged Ship in Gulf of Aden

An attack by Yemen’s Houthi rebels set off explosions ahead of a Singapore-flagged vessel in the Gulf of Aden, authorities said, the latest in a campaign of assaults by the Iranian-backed group over Israel’s war on Hamas in the Gaza …

Deadly Ship Attack Means Red Sea Voyages Need Re-Thinking, Union Says

A major transport union urged a full halt of merchant ships sailing through the Red Sea, adding to calls for vessels to reconsider the voyages after a Houthi militant attack killed three sailors. “We call on the industry to divert …

Houthi Red Sea Attack Kills 3 Seafarers in 1st Civilian Fatalities

India’s navy evacuated all 20 crew from a stricken vessel in the Red Sea on Thursday, after a Houthi attack killed three seafarers in the first civilian fatalities from the Yemeni group’s campaign against the key shipping route. The Iran-aligned …

Houthi-Sunk Ship Seen as Likely Cause of Severed Red Sea Cables

The anchor of a cargo ship sunk by Houthi militants was probably responsible for damaging three telecommunications cables in the Red Sea in late February, according to assessments by the US and an industry group. “Those cables were cut, most …

Bulk Carrier Hit by Missile off Aden, With Fire Onboard: Ship’s Owner

The Barbados-flagged True Confidence bulk carrier was hit by a missile on Wednesday 50 nautical miles southwest of Yemen’s Aden, with a fire continuing onboard, the vessel’s owner and operator said. “The vessel is drifting,” Liberia registered owner True Confidence …