marine insurance News

Biden Administration Sanctions Russian Insurer for Nord Stream 2: Report

The Biden administration imposed sanctions on two Russian entities over their involvement in the Nord Stream 2 pipeline project, but is leaving in place a waiver that spared the company overseeing the construction and its top executive. The U.S. [report] …

Giant Container Ship, Which Blocked the Suez in March, Again Crosses the Canal

ISMAILIA, Egypt – The giant container ship Ever Given, which blocked the Suez canal for six days in March, crossed the waterway on Friday for the first time since it left Egypt after the incident. The ship, en route from …

Russia’s Nord Stream Pipeline 99% Complete, but Insurance Needed Before Gas Flows

A controversial Russian pipeline to Europe can deliver its first batches of natural gas to Germany this year, according to Gazprom PJSC. The Nord Stream 2 link can ship 5.6 billion cubic meters of the fuel in 2021, the Russian …

Nations Are Working Together to Fight Piracy in Waters Off West Africa

LAGOS – Helicopters hover above a patrol vessel in Nigeria’s frenetic Apapa port as attack boats zoom past. On the dock, drones emblazoned with the Nigerian flag sit ready to deploy – all part of a $195 million U.S.-backed “Deep …

Ever Given Container Ship Resumes Trip to Rotterdam After 112 Days in Egypt’s Waters

The Ever Given container ship that had blocked the Suez Canal in March left Egyptian waters at 4 a.m. local time following inspections at Port Said, a canal source said on Tuesday. Ship tracker MarineTraffic showed the Ever Given to …

Rising COVID Outbreaks on Ships Endanger Maritime Workers, Risk Trade Disruptions

Global vaccinations of seafarers are going too slowly to prevent outbreaks on ships from causing more trade disruptions, endangering maritime workers and potentially slowing economies trying to pull out of pandemic slowdowns. Infections on vessels could further harm already strained …

Ever Given Container Ship Resumes Journey from Suez, 106 Days After Getting Stuck

ISMAILIA, Egypt – The Ever Given, one of the world’s largest container ships, resumed its journey and left the Suez Canal on Wednesday, 106 days after becoming wedged across a southern section of the waterway for nearly a week and …

Update: Ship that Blocked Suez Canal to Be Released; Formal Settlement Is Agreed

ISMAILIA, Egypt — The owners and insurers of the Ever Given container ship that blocked the Suez Canal in March said on Sunday a formal settlement had been agreed in a compensation dispute, and the canal authority said the vessel …

Egypt Expects to Finalize Ever Given Compensation Deal Next Week

Egypt expects to finalize an agreement next week for compensation over the giant ship that blocked the Suez Canal in March, according to the waterway’s top official. The Suez Canal Authority will sign a deal with the owners and insurers …

Insurers, Owners of Seized Ship Reach Agreement in Principle with Suez Canal Authority

ISMAILIA, Egypt – A representative for the owners and insurers of a giant cargo ship that blocked the Suez Canal in March on Wednesday said that an agreement in principle had been reached in a compensation dispute with the canal …