EU Weighs Proposal to Sanction Russian Oil Tanker Insurer Ingosstrakh May 30, 2024 By Alberto Nardelli The European Union’s executive arm is examining the feasibility of a proposal by one of its member states to sanction...
Update: Greek-Owned Ship Takes on Water After Being Hit by Missiles in Red Sea May 29, 2024 By Verity Ratcliffe A bulk carrier has taken on water and is leaning to the side after being attacked while sailing through the...
Growing Shadow Fleet of Tankers, Shipping Sanctioned Oil, Are Burning Dirty Fuel May 29, 2024 By Jonathan Saul The growing shadow fleet of tankers transporting sanctioned Iranian, Venezuelan and Russian oil is filling up with the cheapest fuel...
Markets/Coverages: Rokstone, Allianz Commercial Partner for $10M Marine Cargo Facility May 21, 2024 Allianz Commercial and Rokstone, the Aventum Group’s international re/insurance MGA, announced a collaboration for a US$10 million facility to write...
China-Bound Oil Tanker Hit by Houthi Missile in Red Sea, US Says May 20, 2024 By Eamon Akil Farhat A China-bound oil tanker in the Red Sea was struck and temporarily disabled by a ballistic anti-ship missile fired by...
Nearly All Sanctioned Russian Oil Tankers Remain Idle and Empty Months After Sanctions May 20, 2024 By Julian Lee Dozens of tankers remain stuck doing nothing months after being sanctioned by the Treasury Department — a signal of the...
Investigation Continues Into 4 Blackouts on Ship That Caused Baltimore Bridge Collapse May 17, 2024 By Lea Skene The electrical blackouts experienced by the container ship Dali before it left Baltimore’s port were “mechanically distinct from” those that...
Russian Certifier Steps in After India Drops Safety Cover for Sanctioned Oil Tankers May 13, 2024 By Nidhi Verma and Jonathan Saul India’s ship certification agency has withdrawn safety cover issued to Russian oil tankers that have been placed under U.S. sanctions,...
Suspected Pirate Attack in Gulf of Aden Raises Concerns About Growing Somali Piracy May 13, 2024 A European naval force detained six suspected pirates on Friday after they opened fire on an oil tanker traveling through...
UKMTO Reports Hijacking Attempt of Vessel East of Yemen’s Aden May 10, 2024 By Tala Ramadan and Nayera Abdallah The United Kingdom Maritime Trade Operations (UKMTO) organization said on Friday it had received a report of a failed hijacking...