cargo insurance News

Captain of Container Ship That Crashed Near UK Was Russian

The captain of the Solong container ship that crashed near the UK is a Russian national, the ship’s owner said. The rest of the crew are a mix of Russian and Filipino, shipping company Ernst Russ AG said in a …

Unexplained Ship Collision off UK Coast Triggers Race for Clues

A collision involving a tanker carrying jet fuel for the U.S. military and a container ship off Britain’s coast is an unusual incident that raises questions over what went wrong despite safety measures in place, three shipping and insurance sources …

Stricken Oil Tanker in North Sea Smolders With Hole in Side

A US oil tanker that was struck by a container ship in the North Sea on Monday was smoldering with a gaping hole in its side, footage broadcast by BBC News showed. Focus is now shifting to the environmental impact …

Toxic Waste That Set Off Global Outcry Seized by Albania’s Prosecutors

Albanian prosecutors ordered that containers filled with suspected hazardous industrial waste be seized after the cargo was forced to return to Europe from Southeast Asia. The prosecutors’ order Sunday directed customs authorities and the police to confiscate 102 containers for …

Viewpoint: East Coast Port Strike: Insurance and Risk Management Implications

As it has many times before, the International Longshore Association (ILA) threatened a strike, beginning October 1, that would shut down major ports along the Atlantic and Gulf coasts of the United States, with significant repercussions for global trade. That …

Toxic Waste Bound for Thailand on Maersk, MSC Cargo Vessels to Return to Europe

Shipping containers bound for Thailand allegedly filled with tons of hazardous industrial waste from Albania are now slated to return to Europe, after environmental groups sounded the alarm they were being illegally exported to Southeast Asia. An A.P. Moller-Maersk A/S …

Thailand Races to Stop Toxic Waste Cargo on MSC, Maersk Ships

Thai authorities are racing to stop about 100 shipping containers allegedly filled with hazardous industrial waste from Albania reaching the nation’s ports. Basel Action Network, a US-based nonprofit that tracks toxic trade which precarviously alerted Malaysia to illegal e-waste shipments, …

Ukraine Boosts Grain Exports Despite Intensified Russian Attacks

Ukraine is scrambling to ship as much grain as it can this summer, taking advantage of military gains it has made in the Black Sea area to boost exports even as Russia has attacked its ports. Ukraine is a major …

Claim on Seized Hemp Shipment Barred, Showing Trickiness of Coverage

International treaties preempt state-based legal actions, giving an air transport company an escape from claims on what a hemp producer said was botched paperwork for an overseas hemp shipment, a federal appeals court said. The ruling by the U.S. 4th …

Markets/Coverages: Loadsure Launches Motor Truck Cargo Insurance

Loadsure, the London-based insurtech MGA, announced the launch of motor truck cargo insurance, a data-powered insurance product, purpose-built for the logistics community. Called “Columbia™ – Motor Truck Cargo and Logistics Services Insurance,” the product targets SME enterprises and will provide …