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The International Union of Marine Insurance (IUMI), representing 44 national and marine market insurance and reinsurance associations, said underwriters have significant challenges ahead amid new unte
As part of the directives to the Federal Maritime Commission (FMC) contained in the three month old “Ocean Shipping Reform Act of 2022” (OSRA 2022), the agency is required to …
It seems salvors’ plan to sink the OS 35’s stern in order to stablize the wreck ahead of inclement weather has worked. I say “seems” because Gibraltar, a British Overseas …
The world’s tallest jack-up installation vessel under construction in China has sustained some damage after breaking loose during Typhoon Muifa, Jan De Nul confirmed in a statement. The vessel, named
The U.S. Department of Transportation’s Maritime Administration (MARAD) has awarded New Orleans-based Canal Barge Company, Inc. with a loan guarantee of $51,458,000 over 25 years for new towboats and
U.S. shipping and logistics company Crowley has awarded a time charter contract to Singapore-based Eastern Pacific Shipping (EPS) for four newbuild containerships powered by liquified natural gas (LNG
BERLIN, Sept 19 (Reuters) – Germany would put its port of Hamburg at a competitive disadvantage if it quashed a bid from China’s Cosco to buy a stake in a …
$2.6 million. That was the cost of raising the Respect, a 150-foot tugboat that sank in 2006 after thieves stole the copper plug from the vessel’s sea chest. The Respect …
SAMARKAND, Uzbekistan (Reuters) – President Vladimir Putin on Friday denied Russia had anything to do with Europe’s energy crisis, saying that if the European Union wanted more gas it should …
(Bloomberg) –Poland opened a canal linking the Baltic Sea with a lagoon whose only previous entrance went through Russian territorial waters. The canal will eventually give seafaring vessels easier a
KYIV, Sept 18 (Reuters) – A total of 165 ships with 3.7 million tonnes of agricultural products on board have left Ukraine under a deal brokered by the United Nations …
By Javier Blas (Bloomberg) Every day, dozens of oil tankers cross the narrow waterway. It’s a linchpin of global trade. Shut it down and gasoline prices spike everywhere. Right now, …
(Reuters) – Russian nuclear-powered submarines fired cruise missiles in the Arctic on Friday as part of military drills designed to test Moscow’s readiness for a possible conflict in its icy …
(Bloomberg) –Benchmark oil tanker earnings topped $50,000 a day for the first time in more than two years as Russia’s invasion of Ukraine upends global crude flows. Rates for giant …
KYIV, Sept 17 (Reuters) – The third vessel charted by the United Nations World Food Program (WFP), left Ukraine’s Chornomorsk Black Sea port with around 30,000 tonnes of wheat on …
TOKYO, Sept 17 (Reuters) – The Japan Meteorological Agency issued a special typhoon warning on Saturday for Kagoshima prefecture on Kyushu, the southernmost of Japan’s main islands, as the region …
MIAMI — The crew of the USCGC Legare (WMEC 912) offloaded approximately 24,700 pounds of cocaine and 3,892 pounds of marijuana, worth an estimated $475 million, Thursday at Base Miami …
Sept 16 (Reuters) – The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, marked its best week in over seven months, largely driven by …
Sept 16 (Reuters) – The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, marked its best week in over seven months, largely driven by …
PARIS, Sept 15 (Reuters) – A Russian billionaire is suing French authorities in an effort to win back access to two of his yachts, arguing customs officials did not have …
