Data Recorder Recovered from Ship Carrying Chemicals Sinking Off Sri Lanka June 7, 2021 By Bharatha Mallawarachi COLOMBO, Sri Lanka (AP) – Experts recovered the data recorder of a fire-ravaged ship carrying chemicals that is slowly sinking...
Fire-Gutted Container Ship Raises Oil Spill Concerns for Sri Lanka June 3, 2021 By Anusha Ondaatjie and Asantha Sirimanne Salvors and authorities are watching for any leaking of fuel after halting efforts to tow a fire-gutted container vessel away...
India Oil Giant Under Fire for Offshore Disaster During Cyclone Tauktae May 28, 2021 By Debjit Chakraborty When India’s weather office sent out cyclone warnings on May 13 and most vessels moved to safety, one barge working...
India Continues Rescue Operations After Powerful Cyclone Tauktae Batters Region May 19, 2021 By Summit Khanna and Aishwarya Nair AHMEDABAD/MUMBAI – Naval vessels and aircraft scoured the waters off India’s west coast late on Wednesday after the most powerful...
Cyclone Sinks Barge Operated by India’s Oil & Natural Gas Corp., Hundreds Rescued May 18, 2021 By Sudhi Ranjan Sen and Debjit Chakraborty A cyclone barreling through India’s west coast sank a barge hired by state-run explorer Oil & Natural Gas Corp. prompting...
Reinsurers Will Bear Most of Costs of Container-Ship Grounding in Suez Canal April 8, 2021 By Jonathan Saul and Carolyn Cohn LONDON — Reinsurers are set to foot most of the bill for the grounding of the ship that halted traffic...
Abandoned Dutch Cargo Ship Secured by 2 Tugboats off Coast of Norway April 7, 2021 By Terje Solsvik OSLO – A Dutch cargo ship that was abandoned at sea during a storm off the coast of Norway this...
Greek Tanker Manager Denies Connection to Oil Leak Tarring Brazil’s Beaches November 4, 2019 The manager of an oil tanker being probed by Brazilian authorities in connection with an oil spill off the country’s...
Ocean Marine Insurers Face New Risks, Challenges in Changing Segment September 26, 2019 By Sean Dalton Ocean marine insurance is the oldest line of insurance and today represents a small specialty line in the property/casualty insurance...
Large Shipping Losses in 2018 Drop to Lowest Level this Century but New Risks Emerge June 4, 2019 Large shipping losses declined by more than 50% in 2018 from the previous year – their lowest level this century,...