LPG-Laden Tanker on Fire off Yemen, EU’s Naval Force Says
Article 0 Comments The LPG-laden tanker MV Falcon was on fire and adrift on Saturday off the coast of Yemen, after it reported an explosion that forced members of its crew to abandon the...
Tagged: marine insurance
Houthi Rebels Sink Ship in Red Sea, Killing at Least 4 With 11 Missing: EU Naval Mission
Article 1 Comment Four people are presumed dead and 11 others are still missing after a Liberian-flagged cargo ship sank in the Red Sea following an attack by Yemen’s Houthi rebels, a European Union...
Hazardous Cargo Secured From Ship Grounded on Canada’s East Coast
Article 0 Comments The hazardous cargo and fuel on a ship that ran aground in Canada last month has been contained, according to the company that manages the vessel. MSC Mediterranean Shipping Co. has...
Crew Abandon HK-Flagged Container Ship in Red Sea After Fire: Sources
Article 0 Comments The crew of the Hong Kong-flagged ASL Bauhinia have abandoned the container ship in the Red Sea after it caught fire on Tuesday, two maritime sources said, adding the cause of...
Finland’s Elisa Says Baltic Undersea Cables Were Torn Apart by External Force
Article 0 Comments Two undersea telecommunications cables that were damaged in the Baltic Sea on Dec. 25 appeared to have been torn apart by a strong external force, Finland’s Elisa said on Monday, adding...
The Wartime Risk Insurers Making Fortunes Keeping Trade Moving
Article 0 Comments Inside faceless office buildings scattered around London, a niche corner of the insurance market is keeping hundreds of billions of dollars in commodity trade moving through some of the world’s most...
Finland Power Grid Operator Asks Court to Seize Oil Tanker Over Cable Damage
Article 0 Comments Finland’s national power grid operator said on Thursday it had asked a Helsinki court to seize the Eagle S oil tanker in a bid to secure the company’s claim for damages...
G-7 Considers Options to Harden Price Cap on Russian Oil
Article 0 Comments Group of Seven nations are exploring ways to toughen the price cap on Russian oil as they seek to better target Moscow’s ability to fund its war against Ukraine, according to...
UK Working to Challenge Russian Shadow Oil Tanker Insurance
Article 0 Comments The UK said three government bodies are working together to challenge Russian shadow fleet oil tankers if it perceives they have dubious insurance. An announcement from the country’s Foreign, Commonwealth and...
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...