Allianz Commercial and Rokstone, the Aventum Group’s international re/insurance MGA, announced a collaboration for a US$10 million facility to write marine cargo business worldwide with immediate effect. This broadens Allianz’s wholesale marine distribution and allows Rokstone to write direct and …
A China-bound oil tanker in the Red Sea was struck and temporarily disabled by a ballistic anti-ship missile fired by Houthi militants, the US Central Command said. The strike Saturday on the Greek-owned M/T Wind caused flooding that knocked out …
Dozens of tankers remain stuck doing nothing months after being sanctioned by the Treasury Department — a signal of the US’s scope to disrupt Moscow’s petroleum supply chain if it chooses to. Since October, 40 ships involved in Russia’s oil …
The electrical blackouts experienced by the container ship Dali before it left Baltimore’s port were “mechanically distinct from” those that resulted in the deadly collapse of the Francis Scott Key Bridge hours later, according to congressional testimony Wednesday. “Two were …
India’s ship certification agency has withdrawn safety cover issued to Russian oil tankers that have been placed under U.S. sanctions, according to its website, with the vessels instead turning to a domestic provider. Major insurers and ship engine makers have …
A European naval force detained six suspected pirates on Friday after they opened fire on an oil tanker traveling through the Gulf of Aden, officials said, likely part of a growing number of piracy attacks emanating from Somalia. The attack …
The United Kingdom Maritime Trade Operations (UKMTO) organization said on Friday it had received a report of a failed hijacking attempt of a vessel 195 nautical miles east of Yemen’s Aden. The vessel’s master reported being approached by a small …
Three insurance companies have rejected Chevron’s claim over the seizure last year of an oil cargo by Iran, according to a complaint filed on Tuesday in a U.S. court in California. The Chevron-chartered tanker Advantage Sweet was boarded by Iranian …
Full repairs to three submarine internet cables damaged in the Red Sea in February are being held up by disputes over who controls access to infrastructure in Yemeni waters. The Yemeni government has granted permits for the repair of two …
The European Union has proposed restrictions on 11 vessels that contribute to Russia’s ability to sustain its war against Ukraine. The proposed measures, if approved by member states, would ban the ships from accessing EU ports and anchorage zones, and …
