UN Maritime Agency Raises Safety Concerns About Shadow Oil Tanker Fleet April 3, 2023 By Alaric Nightingale and Thomas Gualtieri A United Nations agency that oversees shipping raised concerns about the shadow fleet of tankers that has emerged to transport...
Russia Still Uses Western Insurance for Half of Tanker Fleet That Exports Its Oil March 30, 2023 By Bloomberg News Russia still relies on Western insurers to cover more than half of the tanker fleet that exports its oil, according...
Aging Shadow Fleet, Shipping Russian Oil, Poses Disaster Risk March 27, 2023 By Asad Zulfiqar The oil tanker Turba normally should have been melted down by now. The 26-year-old vessel hasn’t had a full inspection...
Insurers to Pay Bangladesh Shipping Corp. $22.48M for Vessel Hit by Missile in Ukraine March 1, 2023 By Ruma Paul and Jonathan Saul Insurers are about to pay state-owned Bangladesh Shipping Corp. (BSC) $22.48 million for its vessel that was hit by a...
Shipping Industry Grapples With Ways to Cut Cargo Fires at Sea February 22, 2023 Global shipping companies are exploring ways to boost safety in transporting cargoes as risks grow from fires erupting inside containers...
Maersk Sues Evergreen in Danish Court Over 2021’s Suez Canal Blockage February 13, 2023 Shipping group Maersk said on Monday it had filed a lawsuit against the owner and operator of container ship Ever...
Quake Latest: Turkey Declares Emergency Rule; Death Toll Rises Across Turkey, Syria February 8, 2023 By Bloomberg News Turkey declared a three-month state of emergency in areas struck by two massive earthquakes earlier this week, allowing the government...
Hundreds of Shipping Containers Ablaze at Turkey’s Iskenderun Port; Operations Halted February 7, 2023 Hundreds of shipping containers were ablaze at Turkey’s Iskenderun Port on Tuesday, shutting down operations and forcing freight liners to...
Western Tankers Ramp Up Russian Oil Shipments as Prices Remain Below G7 Price Cap February 1, 2023 Western oil tankers ramped up their shipments of Russian crude in January as prices for Moscow’s flagship Urals grade held...
Black Sea Shipping Costs Rise on Higher War Risk Insurance, Reinsurer Exclusions January 6, 2023 By Jonathan Saul Costs for hiring ships to transport commodities from the Black Sea have risen by more than a fifth since the...