Climate Change Leads to ‘Arctic Opening,’ Creating Key Emerging Risk: Swiss Re June 28, 2023 By L.S. Howard Climate change is the cause of a key emerging risk identified by Swiss Re’s SONAR report, which is leading to...
Howden Acquires German Marine Broker Northern Lloyd June 16, 2023 Howden, the London-based insurance broker, announced it has strengthened its marine offering in Europe with the acquisition of Bremen-based broker...
UN Secures Insurance Coverage to Salvage Rusting Oil Tanker off Coast of Yemen June 14, 2023 By Samy Magdy The United Nations Development Programme (UNDP) announced the successful binding of insurance coverage for the mission coordinated by the United...
The Dangerous $140M Mission to Defuse an Oil Tanker Ready to Explode June 14, 2023 An operation is finally underway to transfer the oil from a stricken tanker off the coast of Yemen that maritime...
Russia Remains Dissatisfied With Black Sea Grain Deal After UN Talks June 12, 2023 Russia is still not satisfied with how a Black Sea grain deal is being implemented, Deputy Foreign Minister Sergei Vershinin...
Rise in Fires, Ukraine-Russia Fallout Top Concerns for Shipping Industry: Allianz Report June 2, 2023 By Ezra Amacher The maritime sector experienced fewer total losses of vessels in 2022 while the number of shipping incidents remained relatively consistent,...
Singapore Detains Record Number of Oil, Chemical Tankers as Dark Fleet Grows June 1, 2023 By Alex Longley Singapore’s detentions of oil and chemicals tankers have surged since early last year, highlighting growing concerns over the environmental and...
What a Dark Fleet Tanker Looks Like: 23 Defects, Eight Different Names May 31, 2023 By Alex Longley A giant oil tanker that was detained in China failed its safety inspection on more than 20 counts, spotlighting the...
Reuters: Lloyd’s Register Drops Ships of Top Indian Carrier of Russian Oil May 26, 2023 By Jonathan Saul and Nidhi Verma Lloyd’s Register has told India’s Gatik Ship Management, which has become a major carrier of Russian oil since the Ukraine...
An Oil Tanker Ablaze in South China Sea Is Warning of Global Problem May 8, 2023 By Alex Longley and Yongchang Chin Off the coast of Malaysia, in one of the world’s busiest shipping channels, an explosion on board the aging oil...