As Foreign Seafarers Are Evacuated From Ukraine, Mariners Count Cost of War March 8, 2022 By Jonathan Saul and Ruma Paul Bangladeshi seafarer Asiful Islam recalls the moment when a missile struck his cargo ship last week off the Ukrainian port...
Ship Insurer West Withdraws Cover on 2 Russian Ships Over U.S. Sanctions March 3, 2022 By Jonathan Saul British ship insurer West of England has withdrawn cover for two container ships operated by Russia’s FESCO Transportation Group after...
Insurers Raise Costs of Shipping Through Black Sea for Vessels Still Willing to Sail February 25, 2022 By Jonathan Saul Insurers have raised the cost of providing cover for merchant ships through the Black Sea, adding to soaring rates to...
Global Shipping Industry Faces Growing Pressure to Cut Greenhouse Gas Emissions December 28, 2021 By Jonathan Saul Ocean freight costs are likely to remain high in 2022 as investors and regulators scramble to accelerate decarbonization of the...
Shipping Firms in Crosshairs as Investors, Insurers Shun Coal November 12, 2021 By Jonathan Saul Shipping companies that transport the world’s coal are in the crosshairs of some financial backers who are cleaning up their...
Banks Demanding Stricter Environmental Criteria When Financing Shipping Companies October 20, 2021 By Jonathan Saul Banks are demanding much stricter environmental criteria when financing shipping companies as investor pressure grows on the sector to accelerate...
World Faces Shortage of Sailors for Commercial Ships, Risking Supply Chains: Report July 28, 2021 By Jonathan Saul There could be a shortage of merchant sailors to crew commercial ships in five years if action is not taken...
Global Supply Chains Driven to Breaking Point on New COVID Wave, Natural Disasters July 26, 2021 By Jonathan Saul, Muyu Xu and Yilei Sun LONDON/BEIJING – A new worldwide wave of COVID-19. Natural disasters in China and Germany. A cyber attack targeting key South...
Suez Canal Blockage Continues to Disrupt Global Trade, Hitting Supply Chains April 9, 2021 By Jonathan Saul and Timothy Aeppel LONDON/LOS ANGELES – A backlog of container ships carrying consumer goods has grown in some key strategic ports after a...
Reinsurers Will Bear Most of Costs of Container-Ship Grounding in Suez Canal April 8, 2021 By Jonathan Saul and Carolyn Cohn LONDON — Reinsurers are set to foot most of the bill for the grounding of the ship that halted traffic...