Latest Ocean Marine Headlines
All the headlines from our Ocean Marine Topic Page, ordered by recency.
People Moves: Romeo to Lead Axis US Marine Cargo Launch; Verisk Names Vaughan Chief Privacy Officer; Pelissier Joins Alliant Specialty as SVP
Jul 13 2023 // Axis Capital Holdings Limited said Frank Romeo will lead the company’s entry into the US marine cargo insurance market. Romeo is responsible for building the program and identifying growth opportunities, with a...
Cargo Ship Fire in New Jersey That Killed 2 Is Extinguished After a Week
Jul 13 2023 // Crews extinguished the intensely burning fire aboard a cargo ship docked in New Jersey after nearly a week and are now beginning their investigation into the blaze that killed two firefighters, officials said...
Two New Jersey Firefighters Died Battling Fire on Cargo Ship Carrying 5,000 Cars
Jul 7 2023 // Two firefighters were killed battling a blaze that began when cars caught fire deep inside a cargo ship carrying 5,000 cars at a New Jersey port, Newark`s fire chief said Thursday. Responding firefighters found five to...
Ransomware Attack Hits Japan’s Biggest Port, Disrupting Cargo Shipments
Jul 5 2023 // Japan’s biggest maritime port was crippled by an alleged Russian cyberattack, disrupting cargo as operators rushed to prevent a wider delay in shipments. Ransomware — used by hackers to lock access to files or...
Ship Insurers Warn of Russian Oil Price Cap Evasion, Risks of Growing ‘Dark Fleet’
Apr 27 2023 // A rise in spot prices for Russian crude oil to above the $60 per barrel cap imposed by western powers has made ship insurers even more nervous of running foul of the rules as they are unable to independently track the...
Ukraine to Set Up $500M Insurance Fund for Cargo Ships Entering Ports
Feb 24 2023 // Ukraine will offer compensation for possible damages to civilian vessels entering its ports, Deputy Prime Minister Oleksandr Kubrakov said on Friday, as Kyiv tries to boost exports that are vital for its war-hit...
Ship Insurers’ Exodus From Russia-Ukraine Risks Gathers Momentum
Dec 29 2022 // A host of shipping insurers altered their policies for 2023 to exclude claims linked to Russia’s war in Ukraine, a further sign of the industry’s growing concerns about losses stemming from the conflict. At...
Ship Insurers to Cancel War Risk Cover for Russia, Ukraine Following Reinsurer Exit
Dec 28 2022 // Ship insurers said they are canceling war risk cover across Russia, Ukraine and Belarus, following an exit from the region by reinsurers in the face of steep losses. Reinsurers, who insure the insurers, typically renew...
Coast Guard Blames Pilot for Cargo Ship Grounding in Chesapeake Bay in March
Dec 8 2022 // A Coast Guard investigation into the grounding in March of a cargo ship in the Chesapeake Bay faulted the pilot tasked with helping the ship navigate the waterway, saying he relied too much on one piece of equipment to...
RB Jones Acquires ‘Smart’ Ocean Cargo Business From Corvus
Sep 21 2022 // Specialty risk broker RB Jones announced its marine and energy division has acquired the Smart Cargo Insurance business from Boston-based managing general agent Corvus Insurance. The Corvus ocean cargo product offers an...
Georgia Shrimpers, Businesses File Suits Over Capsized Cargo Ship Pollution
Sep 13 2022 // Fishermen, shrimpers and business owners dependent on coastal tourism have filed lawsuits over pollution caused when a cargo ship capsized off the Georgia coast in 2019. The two federal lawsuits filed last week in Georgia...
Cargo Ship Beached After Collision in Bay of Gibraltar
Sep 1 2022 // Gibraltar authorities said Tuesday that a cargo ship has been beached to prevent it from sinking after it collided with a liquefied natural gas carrier in the Bay of Gibraltar. A government spokesman said that the...
Japanese Chemical Tanker Crashes Into Cargo Ship off Coast of Japan
Aug 22 2022 // A Japanese chemical tanker ship crashed into a cargo ship off the coast of southwestern Japan, the coast guard said Saturday. No one was injured among the six Japanese crew members aboard the tanker Ryoshinmaru and 14...
People Moves: Lloyd’s Europe Hires Heugues From Ageas as Chief Underwriter; Parsyl Staffs London Marine Cargo Office
Jul 8 2022 // Lloyd’s Europe reports the appointment of Bertrand Heugues as chief underwriting officer effective 14 July. He will be responsible for overseeing underwriting, delegated authority management, claims and the...
Sovcomflot’s Cargo Ships Fully Covered by Russian Insurers: CEO
Jun 20 2022 // Russia’s state-run Sovcomflot has insured all its cargo ships with Russian insurers and the cover meets international rules, the chief executive said, after Western insurers withdrew cover. Western insurers halted...
Western Ship Insurers Terminate Cover for Russia’s Sovcomflot as Sanctions Expand
May 4 2022 // Western ship insurers are terminating cover for Russia’s leading shipping company Sovcomflot as multiple sanctions start to bite, companies involved say, adding to the growing challenges for the state-owned company...
Dominica-Flagged Cargo Ship Sinks in Ukrainian Port of Mariupol After Missile Attack
Apr 6 2022 // A Dominica-flagged cargo ship sank on Tuesday in the besieged southern Ukrainian port city of Mariupol after being targeted by Russian missile strikes, the vessel’s flag registry said. The Azburg was believed to have...
Ukraine to Guarantee Insurance Payouts to Cargo Ships Damaged at Its Danube Ports
Apr 1 2022 // Ukraine, a major producer of grain, oilseeds and steel products, will guarantee insurance payments to cargo vessels damaged in hostilities on its stretch of the Danube, according to the government decision published on...
World’s Cargo Ships Are Sailing Into Supply Chain Disruptions via Climate Risks: Report
Mar 21 2022 // Dangerous, expensive disruptions to shipping and many of the world’s roughly 3,700 ports are on the rise along with global temperatures. These events will increasingly threaten the sea routes that convey 80% of...
Ship Insurer West Withdraws Cover on 2 Russian Ships Over U.S. Sanctions
Mar 3 2022 // British ship insurer West of England has withdrawn cover for two container ships operated by Russia’s FESCO Transportation Group after the vessels were listed by the U.S. Treasury as part of broader sanctions, West...
