A cargo ship slammed into a bridge in southern China, sending several vehicles tumbling into a river. Two people died and three others were missing after the accident Thursday in Guangzhou, state-run Global Times said on X, formerly known as …
Protection and Indemnity (P&I) clubs sought further price improvements at the February 2024 renewals in order to keep up with claims inflation, despite a relatively benign year for P&I claims in 2023, according to a report from AM Best. The …
The Greek-flagged bulk cargo vessel Sea Champion arrived in the southern Yemeni port of Aden on Tuesday after being attacked in the Red Sea in what appeared to have been a mistaken missile strike by Houthi militia, shipping and military …
Seafarers have the right to refuse to sail on ships passing through the Red Sea in a new industry agreement as the situation escalates and further vessels are attacked by Yemen’s Iran-aligned Houthis, a labor union and industry groups said …
A chunk of the vast fleet of tankers that Russia uses to deliver its crude oil is grinding to a halt under the weight of US sanctions, a sign that tougher measures by western regulators might be starting to have …
Last June, a rusting tanker named Sincere 02 picked up oil at an Iranian port and steamed across the Persian Gulf on its way to the United Arab Emirates. US sanctions forbid Western companies from knowingly doing business with Iran. …
War underwriters have raised the premiums they charge to US, British and Israeli firms by as high as 50% for ships transiting the Red Sea and some providers are avoiding such business due to targeting of the vessels by Yemen’s …
The UK Navy posted an advisory to merchant ships in the Indian Ocean warning of pirate activity, a sign of a growing threat to a maritime industry that’s been coming under missile attacks near Yemen. Two so-called pirate action groups …
Piracy off Somalia’s coast has increased since maritime security was disrupted by Houthi militants’ attacks on ships in the Red Sea in response to the Israel-Hamas war. The Horn of Africa nation has recorded five assaults on commercial ships off …
European boutique managing general agent (MGA), Alta Signa Europe B.V., announced the launch of a new European marine underwriting business. The new unit will focus on core marine lines of business, backed by Alta Signa’s panel of insurance partners: Axeria …
