Ocean Marine News
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South Africa Races to Contain Oil Spill From Wrecked Cargo Ship
Jul 30 2024 // South Africa dispatched crews to contain an oil spill from a cargo vessel that ran aground earlier this month because of extreme weather conditions. Strong waves eroded the hull of the 125-meter (410-foot) MV Ultra Galaxy,...
Cargo Ship Sustains Damage After Houthi Attack in Gulf of Aden
Jul 19 2024 // A Singaporean-flagged cargo vessel was hit by Yemen’s Houthi missiles in the Gulf of Aden on Friday, forcing it to return to its last port of call to assess the damage. Iran-aligned Houthis launched ballistic...
Dali Cargo Ship Leaves Baltimore for Virginia, Nearly 3 Months After Bridge Collapse
Jun 26 2024 // The cargo ship Dali headed out of Baltimore for Virginia on Monday, nearly three months after it lost power and crashed into one of the Francis Scott Key bridge’s supporting columns and caused the bridge to...
People Moves: AXIS Appoints Boulos and Ryan to Head US Ocean Marine
Jun 7 2024 // Paul Boulos AXIS Capital Holdings Limited, headquartered in Pembroke, Bermuda, appointed Paul Boulos and Rob Ryan as heads of ocean marine. Boulos and Ryan will be responsible for building a suite of ocean marine-related...
Sentry Expands to Marine Cargo With Falvey Partnership
Jun 3 2024 // Sentry Insurance announced it has partnered with Falvey Insurance Group to offer admitted and non-admitted marine cargo capacity to Falvey’s broker partners. Falvey is a niche leading MGA offering several property...
Markets/Coverages: Rokstone, Allianz Commercial Partner for $10M Marine Cargo Facility
May 21 2024 // Allianz Commercial and Rokstone, the Aventum Group’s international re/insurance MGA, announced a collaboration for a US$10 million facility to write marine cargo business worldwide with immediate effect. This...
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