Shipping Costs Soar as War and Climate Risks Choke Key Waterways December 21, 2023 By Sharon Cho, Elizabeth Low and Serene Cheong Global shippers of crude and fuels are grappling with a spike in booking costs for some tankers taking lengthy diversions...
Yemen’s Houthis Vow More Attacks on Ships in Red Sea Despite US Naval Force December 21, 2023 By Henry Meyer and Omar Tamo Yemen’s Houthi rebels vowed to continue targeting ships in the Red Sea despite a US move to compile an international...
Shipping Insurance for Red Sea Transit Soars After Mounting Houthi Attacks December 20, 2023 By Alex Longley, Ruth Liao and Yongchang Chin The cost of insuring vessels that will transit the Red Sea jumped again this week after mounting attacks in the...
Maersk Reaches Settlement Over Ship That Blocked Suez Canal December 1, 2023 By Christian Wienberg A.P. Moller-Maersk A/S settled a Danish lawsuit against the companies behind a ship that blocked the Suez canal in 2021,...
Shipping Traffic Slows at Israel’s Ports as Insurance Premiums Soar October 11, 2023 By Jonathan Saul and Ari Rabinovitch Activity at Israel’s ports is slowing after Saturday’s attacks by Islamist group Hamas on towns close to Gaza, with the...
4 Billion Pieces of Paper Keep Global Trade Afloat but Fraud Fuels Push to Digitize October 4, 2023 By Archie Hunter They are relatively easy to fake. Frequently get lost. And can add huge amounts of time to any journey. Yet...
Stranded Cruise Ship Shows Risks of More Traffic in Hard-to-Reach Arctic Waters September 14, 2023 By Danielle Bochove and Ragnhildur Sigurdardottir The grounding of a luxury cruise ship off the coast of Greenland on Monday highlighted the irony of touring the...
Shippers Warned to Stay Away From Iranian Waters as US-Iran Tensions Run High August 14, 2023 By Jon Gambrell Western-backed maritime forces in the Middle East on Saturday warned shippers traveling through the strategic Strait of Hormuz to stay...
Climate Change Leads to ‘Arctic Opening,’ Creating Key Emerging Risk: Swiss Re June 28, 2023 By L.S. Howard Climate change is the cause of a key emerging risk identified by Swiss Re’s SONAR report, which is leading to...
Reuters: Lloyd’s Register Drops Ships of Top Indian Carrier of Russian Oil May 26, 2023 By Jonathan Saul and Nidhi Verma Lloyd’s Register has told India’s Gatik Ship Management, which has become a major carrier of Russian oil since the Ukraine...