Cargo News

Cargo Ship Beached After Collision in Bay of Gibraltar

Gibraltar authorities said Tuesday that a cargo ship has been beached to prevent it from sinking after it collided with a liquefied natural gas carrier in the Bay of Gibraltar. A government spokesman said that the situation was under control …

Upgrades Urged at Missouri Amtrak Crash Site, But No Action

The chief elected official in the Missouri county where an Amtrak train slammed into a dump truck said Tuesday that residents and county leaders have been pushing for a safety upgrade at the railroad crossing for nearly three years. Meanwhile, …

Buttigieg Sends $5 Billion to Cities for Safety as Road Deaths Soar

With upcoming data showing traffic deaths soaring, the Biden administration is steering $5 billion in federal aid to cities and localities to address the growing crisis by slowing down cars, carving out bike paths and wider sidewalks and nudging commuters …

Grounded Tanker Ever Forward to Be Unloaded Before Next Refloat Try

After two unsuccessful attempts to free the grounded Ever Forward in the Chesapeake Bay, the U.S. Coast Guard announced that containers will be removed to lighten the load before another try. Salvage experts determined they wouldn’t be able to overcome …

Shipping Firm Warns Delays May Damage Perishable Cargo Shipments to Russia

Shipments of foodstuffs and medical supplies to Russia risk being damaged or spoiled due to significant delays at ports and customs, shipping group Maersk told its customers on Wednesday. Maersk and two other large container lines have temporarily suspended cargo …

Fertilizer-Maker Yara to Debut World’s 1st Autonomous Electric Container Ship

OSLO – The world’s first fully electric and self-steering container ship, owned by fertilizer maker Yara, is preparing to navigate Norway’s southern coast and play its part in the country’s plans to clean-up its industry. The Yara Birkeland, an 80-meter-long …

Andrew Baker Expands Transportation Capabilities at Breckenridge Insurance Services

IRVING, Texas, June 8, 2021 — Breckenridge Insurance Services hired experienced transportation broker Andrew Baker, AAI, AU, TRS to expand its transportation carrier relationships and partner with agents nationally. Baker has more than a decade of transportation underwriting experience and …

Specialty Broker NARDAC Launches in California

Newport Beach, Calif.-based NARDAC Insurance Services was recently launched by Jatin Sharma and co-founding partners Bill Kost and Brandon Statton. The new brokerage offers general products and services with highly specialized offerings to serve the renewable energy, conventional power, infrastructure …

Growth in Construction, Freight Has Been Good News for Inland Marine Insurance

The inland marine insurance segment has grown steadily in the past decade in tandem with increases in construction spending and the transport of goods, with direct premiums written nearly doubling to $24.5 billion in 2018 from $13.3 billion in 2009, …

Axon Underwriting Forms Axon Re to Offer Cargo, Stock Throughput Reinsurance in Latin America

Axon Underwriting Services LLC, the Somerville, N.J.-based specialty lines program administrator, announced the formation of Axon Re to offer its cargo and stock throughput reinsurance program within the Latin American region. Axon Re will provide facultative and treaty reinsurance cover …