Russia’s Sovcomflot Re-routes Tankers to Bahamas Amid Growing Sanctions March 8, 2022 By Marianna Parraga At least three tankers controlled by Russian maritime powerhouse Sovcomflot that have been unable to deliver their cargoes due to...
Ship Insurer West Withdraws Cover on 2 Russian Ships Over U.S. Sanctions March 3, 2022 By Jonathan Saul British ship insurer West of England has withdrawn cover for two container ships operated by Russia’s FESCO Transportation Group after...
VW Fears Most of Its Cars on Cargo Ship ‘Felicity Ace’ Are Beyond Salvage February 26, 2022 By Monica Raymunt Volkswagen AG has lost hope that many of its roughly 4,000 vehicles aboard a cargo ship that caught fire last...
Fire on Massive Car Transport Ship, Felicity Ace, Is Likely Extinguished February 25, 2022 By L.S. Howard The fire on the cargo ship Felicity Ace, which had burned for more than a week, is likely extinguished and...
Insurers Raise Costs of Shipping Through Black Sea for Vessels Still Willing to Sail February 25, 2022 By Jonathan Saul Insurers have raised the cost of providing cover for merchant ships through the Black Sea, adding to soaring rates to...
Aging Oil-Storage Ships Pose Safety, Environmental Risks Around the World February 23, 2022 By Paul Burkhardt and Julian Lee The decades-old, oil-storage ship that blew up off the coast of Nigeria recently — killing some of its crew and...
Fire on Car Transport Ship Felicity Ace Continues After One Week February 23, 2022 By Craig Trudell and Joao Lima The operator of Felicity Ace, the ship transporting thousands of Porsches, Lamborghinis and other Volkswagen AG vehicles, said Tuesday it...
Porsches and Lamborghinis Lost at Sea in Cargo-Ship Fire Could Cost $155 Million February 22, 2022 The cargo ship that caught fire last week carrying about 4,000 Volkswagen AG vehicles could cost the automaker at least...
Update: Ship Carrying Porsches, Audis and Bentleys Catches Fire Near Azores February 19, 2022 By Madison Muller The Felicity Ace, a massive cargo ship carrying thousands of Volkswagen Group vehicles, caught fire near the Azores islands in...
Container Shipping Giant Maersk Speeds Up Decarbonization Target by a Decade January 14, 2022 COPENHAGEN – Container shipping giant A.P. Moller-Maersk now plans to achieve net zero emissions in its business by 2040, a...