World’s Biggest Shipping Line Demands Action Against Piracy Surge Off West Africa January 19, 2021 By William Clowes The world’s biggest shipping company demanded a more effective military response to surging pirate attacks and record kidnappings off the...
Marine Insurers Set to Raise Rates After Red Sea Attacks on Merchant Ships January 13, 2021 By Jonathan Saul LONDON – Insurers are set to raise the cost of providing cover for merchant ships through the Red Sea after...
Nexus Completes Acquisition of Hiscox MGA Marine Business January 4, 2021 Independent specialty managing general agent (MGA) Nexus Group announced it completed the acquisition of the Hiscox MGA Marine business (HMM)...
2019 Mississippi River Tanker Accident Caused by Poor Management, Miscommunication December 22, 2020 A fully loaded tanker on the Mississippi River near Reserve, La., caused $40.5 million in damage when it plowed into...
COVID-19 Fuels Abandonment of Ships – and Their Cargoes and Crews December 18, 2020 By K. Oanh Ha and Bruce Stanley From the deck of their tanker, Captain Samig Nabiyev and his crew could see the smoke and fire rising over...
‘Urgent Action’ Needed to Help Stranded Sailors and Avoid Supply-Chain Risks December 10, 2020 By Alastair Marsh Fidelity International is calling for urgent action to address the humanitarian crisis and supply-chain risks caused by the more than...
Victor Insurance Appoints Former RSA Executive Turner as International Head of Marine December 4, 2020 Victor Insurance, the world’s largest managing general underwriter (MGU), announced the appointment of Richard Turner as international head of Marine,...
NTSB: Offshore Louisiana $750K Liftboat Loss Caused by Faulty Preload Procedure November 20, 2020 The overturning of a liftboat servicing an oil platform in the Gulf of Mexico off the Louisiana coast was the...
Insurers Face Liability Uncertainties as Ships Begin to Sail Through Arctic Waters October 27, 2020 By Jonathan Saul When Captain Will Whatley guides a ship through Arctic waters, he is starkly aware of what can go wrong. Double...
Pirate Kidnappings in Waters Off Coast of West Africa Rise by 40%: Study October 15, 2020 By Yinka Ibukun and Antony Sguazzin The number of kidnappings reported off the West African coast in the year through September is 40% higher than the...