Fires Spotted on Red Sea Tanker Drifting With Oil on Board
Article 0 Comments The UK Navy said that three fires have been observed on a ship attacked in the Red Sea earlier this week. The Sounion’s crew were evacuated from the ship in the...
Tagged: marine insurance
Three Insurers Reject Chevron’s $57 Million Claim for Iran Oil Seizure
Article 0 Comments Three insurance companies have rejected Chevron’s claim over the seizure last year of an oil cargo by Iran, according to a complaint filed on Tuesday in a U.S. court in California....
Insurance Industry Readies for Historic Losses From Baltimore Bridge Tragedy
Article 0 Comments It’s very early in the recovery process and already the numbers are large. Insured losses for the tragic collapse of the Francis Scott Key Bridge in Baltimore could be as much...
Gas Tanker’s Detour of 8,000 Kilometers Highlights Shipping’s Current Chokepoints
Article 0 Comments A gas tanker’s long, circuitous journey is highlighting the toll that war and climate change are taking on the shipping industry. Pacific Weihai loaded in Houston on Dec. 14 with a...
Black Sea Shipping Traffic Drops 35% After Russia, Ukraine Warnings
Article 0 Comments The number of ships looking to pick up grain cargoes from the Black Sea area has fallen 35% this week versus the previous week with growing uncertainty over whether commercial traffic...
UN Could Start Removing Oil This Week From Decaying Yemen Tanker
Article 0 Comments An operation to start removing some 1.1 million barrels of oil from a decaying tanker moored off Yemen’s coast could start by the end of the week, the United Nations said...