Cargo Carriers Fear Port Strike Will Paralyze Half of US Trade September 30, 2024 By Brendan Murray The world’s top container carrier is urging customers to move US cargo through East and Gulf Coast ports before the...
Shippers Scramble for Workarounds Ahead of Threatened Port Strike September 25, 2024 By Lisa Baertlein and Timothy Aeppel U.S. companies that rely on East and Gulf Coast seaports have been importing early, shifting goods to the West Coast,...
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Cover on 2 Russian Ships Over U.S. Sanctions March 3, 2022 By Jonathan Saul British ship insurer West of England has withdrawn cover for two container ships operated by Russia’s FESCO Transportation Group after...
Maintenance Work Causes Majority of Auxiliary Engine Damage in Vessels: Swedish Club January 9, 2018 The majority of all auxiliary engine damage takes place immediately after maintenance work in vessels, according to an investigation by...
NotPetya Cyber Attack Cost World’s Biggest Container Shipping Line up to $300M August 17, 2017 The June cyber attack that paralyzed the computer systems in companies around the world is estimated to have cost the...
Container Ship Runs Aground at Antwerp Port, Blocking Traffic August 14, 2017 Traffic to and from Antwerp, Europe’s second-biggest port, was halted on Monday after a container ship ran aground on the...
Icebergs, Insurance Hamper Top of the World Shipping Route October 16, 2013 By Jonathan Saul The new shipping route opened up through the Arctic by climate change will not be crowded any time soon. Cargoes...
Allianz Analyzes Marine Risks – 100 Years after Titanic Disaster March 26, 2012 By Charles E. Boyle Specialist marine insurer Allianz Global Corporate & Specialty (AGCS) has taken an in depth look at the current state of...