Insurance Industry Readies for Historic Losses From Baltimore Bridge Tragedy March 29, 2024 By Andrew G. Simpson It’s very early in the recovery process and already the numbers are large. Insured losses for the tragic collapse of...
Yellen Sees Insurance Payouts Helping Fund New Baltimore Bridge March 28, 2024 Treasury Secretary Janet Yellen said she expects insurers’ payouts to help cover some of the costs of rebuilding the Baltimore...
Baltimore Bridge May Trigger Historic Marine Loss, Lloyd’s of London Says March 28, 2024 By Laura Benitez Insurance payouts for Tuesday’s collapse of the Francis Scott Key Bridge in Baltimore could be among the largest ever in...
Titanic Law Helps Ship Owner Limit Bridge Collapse Liability March 27, 2024 By Ethan M Steinberg, Chris Dolmetsch and Matthew Griffin The owner of the ship that rammed into a Baltimore bridge could face hundreds of millions of dollars in damage...
Yemen’s Houthis Tell China, Russia Their Ships Won’t Be Targeted March 22, 2024 By Sam Dagher and Mohammed Hatem The Yemen-based Houthis have told China and Russia their ships can sail through the Red Sea and Gulf of Aden...
Red Sea Fighting Traps Two Oil Ships in Houthi Waters March 22, 2024 By Jonathan Saul, Noah Browning and Mohammed Ghobari Two tankers, containing oil and toxic waste, are stuck in the Red Sea in the firing line between Western naval...
Denmark Detains Shadow Fleet Oil Tanker After Ship Collision March 22, 2024 By Alex Longley Danish maritime authorities have detained a tanker that was due to carry Russian oil after it collided with another ship...
Nine Dead After South Korean-Flagged Vessel Capsizes off Japan, South Korea Says March 21, 2024 At least nine people were killed when a South Korean-flagged vessel capsized off Japan, South Korea’s foreign ministry said on...
Somali Pirates’ Return Adds to Crisis for Global Shipping Companies March 21, 2024 By Giulia Paravicini, Jonathan Saul and Abdiqani Hassan As a speed boat carrying more than a dozen Somali pirates bore down on their position in the western Indian...
Tanker Capsizes off Coast of Japan, Seven Deaths Confirmed: Media Reports March 20, 2024 A South Korean-flagged chemical tanker has capsized off the coast of Yamaguchi prefecture in western Japan, with seven deaths confirmed,...