vessels News

Update: Ship Carrying 3,000 Cars Ablaze off Dutch Coast, One Crewmember Dead

A fire blazed on a ship off the Dutch coast with nearly 3,000 vehicles on board on Wednesday, killing one member of the crew and injuring several others, the coastguard said. The fire began on Tuesday night on the 199-meter …

Rise in Fires, Ukraine-Russia Fallout Top Concerns for Shipping Industry: Allianz Report

The maritime sector experienced fewer total losses of vessels in 2022 while the number of shipping incidents remained relatively consistent, according to a recent report. Allianz Global Corporate & Specialty (AGCS) published its Safety and Shipping Review 2023, an annual …

Insurers Face Tougher Times as Somali Piracy Drops

A dramatic fall in pirate attacks off the Somali coast is forcing down the cost of piracy insurance for commercial ships, taking the shine off a fast-growing and lucrative market for London-based insurers. International navies have cracked down on pirates, …

IMB Report Notes Piracy Increasing in W. Africa; Somalia Still Main Threat

The latest global piracy report from the International Chamber of Commerce (ICC) International Maritime Bureau (IMB) cites 102 “incidents of piracy and armed robbery” for the first quarter of 2012, “with dangerously increasing numbers in West African waters.” According to …