EU Will Propose to G7 Nations a Reduction in Sanctions Price Cap for Russian Oil May 20, 2025 By Jan Strupczewski The EU will propose to G7 finance ministers this week to lower the current $60 per barrel price cap on...
Estonia Says Russia Detained Tanker in Baltic Sea May 19, 2025 By Andrius Sytas Russia detained a Greek-owned oil tanker on Sunday after it left an Estonian Baltic Sea port, the Estonian Foreign Ministry...
Estonia Says Russia Sent Jet After Attempt to Stop Sanction-Breaking Ship May 16, 2025 By Andrius Sytas and Sabine Siebold Estonia said on Thursday that Moscow had briefly sent a fighter jet into NATO airspace over the Baltic Sea during...
India Approves More Russian Insurers to Provide Marine Cover May 13, 2025 By Nidhi Verma India has approved three Russian insurers, including a unit of top lender Sberbank, to provide marine cover to ships arriving...
Recovery of Superyacht Bayesian off Sicily Suspended After Diver Dies May 12, 2025 The recovery of a superyacht that sank last year off the Sicilian coast was temporarily halted Saturday following the death...
EU to Propose More Sanctions on Russia’s ‘Shadow’ Oil Tankers May 8, 2025 By Alberto Nardelli and Andrea Palasciano The European Union’s executive arm is set to propose a new package of sanctions targeting Moscow’s covert fleet of oil...
Denmark Plans $1 Billion War Insurance for Merchant Shipping May 2, 2025 By Sanne Wass Denmark plans to set aside almost $1 billion to insure its merchant fleet in the event of a war or...
Zombie Ships Are Fast Becoming a Feature of Venezuelan Oil Trade April 30, 2025 On Good Friday, an aging supertanker fully laden with oil and calling itself Varada arrived in the waters to the...
Sweden Probe Finds No Conclusive Evidence of Deliberate Damage to Subsea Cables April 16, 2025 A Swedish probe found no conclusive evidence to suggest that a Chinese ship had deliberately dragged its anchor to damage...
Markel to Acquire UK Specialist Marine MGA, The MECO Group Ltd. April 16, 2025 Markel, the insurance operations within Markel Group Inc., announced it has agreed to purchase The MECO Group Ltd. (MECO), subject...