The collision of a cargo ship and a fuel tanker off the eastern coast of England in the North Sea is likely to hit multiple marine insurance policies, carrying an estimated combined insured value of between $50 million and $100 …
The hazardous cargo and fuel on a ship that ran aground in Canada last month has been contained, according to the company that manages the vessel. MSC Mediterranean Shipping Co. has also hired a salvage company and a marine oil …
Finland’s telecoms operator said on Monday that the damage reported last week to its C-Lion1 telecoms cable in the Baltic Sea may have occurred as early as January 26, the same day a cargo ship broke another undersea cable in …
Swedish and Finnish police are investigating a suspected case of sabotage of an undersea telecoms cable in the Baltic Sea, and Sweden’s coast guard has deployed a vessel to the area where multiple seabed cables have been damaged in recent …
At least four oil tankers have been hit with explosions so far this year — all of them having visited Russia’s territorial waters in the weeks prior to the blasts happening. Nobody has claimed responsibility for the incidents, three of …
IQUW, the London-based specialty insurer and reinsurer, has launched its new ports and terminals product, reinforcing its position as a lead market for marine insurance. Under the leadership of Ali Welchman, an expert in the Ports and Terminals class, the …
A Russian underwater cable in the Baltic Sea has been damaged by an unspecified external impact, Tass reported on Saturday, citing the telecommunications provider PJSC Rostelecom. Restoration work is underway and the incident has had no impact on subscribers so …
Oil executives called on Thursday [Feb. 6] for a return to navigation through the Red Sea en route to the Suez Canal following a halt in attacks by Iran-backed Houthi rebels, but said firms were cautiously monitoring shipping conditions and …
Russia appears to be on the cusp of a debilitating oil-freight transportation problem because of US sanctions, writes Bloomberg oil strategist Julian Lee. On Jan. 10, the US Treasury sanctioned 161 oil tankers for their role in moving Russian oil. …
Denmark will ramp up inspections of ships transporting Russian oil through its narrow straits, in an effort to protect the environment and maritime safety from older vessels in Moscow’s shadow fleet. The Danish Maritime Authority will start conducting so-called Port …
