Gas Tanker’s Detour of 8,000 Kilometers Highlights Shipping’s Current Chokepoints December 27, 2023 By Elizabeth Low A gas tanker’s long, circuitous journey is highlighting the toll that war and climate change are taking on the shipping...
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...
Grain Ship, Damaged off Coast of Ukraine, Likely Hit Sea Mine: Sources November 20, 2023 A merchant ship transporting grains was lightly damaged off the coast of Ukraine and was likely to have been hit...
US Sanctions Maritime Companies, Vessels for Shipping Oil Above Russian Price Cap November 17, 2023 By Daphne Psaledakis and Laura Sanicola The U.S. on Thursday imposed sanctions on maritime companies and vessels for shipping Russian oil sold above the G7’s price...
Update: Ukraine Launches Grain Insurance Program With Marsh McLennan, Lloyd’s November 15, 2023 By Áine Quinn, Volodymyr Verbianyi and Max Reyes Ukraine is starting an insurance program with broker Marsh McLennan and Lloyd’s of London to provide cover for grain vessels...
Freight Costs for Ships in Ukraine’s Export Corridor Ease Back to Former Levels November 13, 2023 Freight costs for ships in Ukraine’s alternative export corridor have eased back to their former levels, a government source said...
Russian Missile Strike on Merchant Ship Threatens Ukraine’s Exports November 9, 2023 By Kateryna Chursina A Russian missile strike on a commercial ship at a major Ukrainian Black Sea port is adding to risks for...
Three Baltic Pipe and Cable Incidents ‘Are Related’: Estonia October 27, 2023 By Andrius Sytas and Anne Kauranen The three incidents that resulted in damage to a gas pipeline and two telecom cables between Estonia, Finland and Sweden...