The U.S. Coast Guard prepared a second attempt to free a stranded container ship Wednesday, more than two weeks after it ran aground in the Chesapeake Bay. The effort will be similar to Tuesday’s attempt involving five tug boats straining …
The Ukrainian government has asked international marine insurers to stop all dealings with shipping companies carrying Russian fossil fuels in a bid to intensify pressure on Vladimir Putin’s regime. Oleg Ustenko, Chief Economic Advisor to Ukrainian President Volodymyr Zelenskiy, urged …
Russian tankers carrying oil chemicals and oil products are increasingly concealing their movements, a phenomenon that some maritime experts warn could signal attempts to evade unprecedented sanctions prompted by the invasion of Ukraine. In the week ended March 25, there …
Russia’s top shipping company Sovcomflot (SCF), already struggling to find berths to discharge cargoes, is facing fresh pressure after the UK on Thursday joined countries that have slapped sanctions on it, with implications for insurance and certification. With a modern …
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 traded goods by volume, according a new …
State-owned Bangladesh Shipping Corp. is seeking $22.4 million from its insurer for a cargo ship hit by a missile in March, government officials with knowledge of the talks said, in the first major marine insurance claim from the conflict in …
The Ever Forward container ship is currently grounded in the Chesapeake Bay near Baltimore, according to the U.S. Coast Guard, nearly a year after another ship run by the same company blocked the Suez Canal for six days. The container …
The world’s top association of ship certifiers has withdrawn membership from the Russia Maritime Register of Shipping (RS) due to the impact of sanctions on Moscow after its invasion of Ukraine, in another blow to the country’s vital shipping sector. …
Norway’s DNV, one of the world’s top ship certifiers, is winding down its Russia business and reviewing all existing contracts becoming the latest company to cut such services as pressure grows on Moscow after its invasion of Ukraine. Classification societies …
Lloyd’s Register, one of the world’s top ship certifiers, is stopping services to Russia after sanctions were imposed on Moscow for its invasion of Ukraine, the company said on Thursday. Classification societies including LR provide services such as checking that …
