ISMAILIA, Egypt – A huge container ship blocking the Suez Canal like a “beached whale” may take weeks to free, the salvage company said, as officials stopped all ships entering the channel on Thursday in a new setback for global …
A huge backlog of vessels was building up around the Suez Canal amid warnings that the salvage team could need days — or even weeks — to prise out the giant container ship that’s blocking the crucial waterway. Work to …
LONDON – The owner and insurers of one of the world’s largest container ships stuck in the Suez Canal face claims totalling millions of dollars even if the ship is refloated quickly, industry sources said on Wednesday. The 400-meter, 224,000-tonne …
CAIRO – The shortest shipping route from Europe to Asia remained blocked on Wednesday as 10 tug boats struggled to free one of the world’s largest container ships after it ran aground in the Suez Canal. The 400-meter, 224,000-tonne Ever …
Iran said Israel was likely behind an explosion that damaged an Iranian container ship in the Mediterranean last week, as the longtime foes trade accusations of attacks at sea. “The geographical location of the sabotage operation directs the first suspicion …
Howden Broking announced that it has acquired independent superyacht insurance broker Sturge Taylor & Associates (STA Group). STA Group will become part of Howden and will operate under the new trading name Howden Sturge. This acquisition further underlines Howden’s drive …
Baker Hughes Co and AXA Group and 16 other companies recently quit work on Russia’s Nord Stream 2 natural gas pipeline and will not be sanctioned, according to a document the Biden administration sent to Congress last week which was …
A subsidiary of Germany’s Munich Re will no longer insure the Nord Stream 2 pipeline from Russia to Europe amid the fear of sanctions by the U.S. government. The U.S. has been threatening sanctions against European companies that support construction …
Sompo Japan plans to use EasySend’s no-code development platform to power its marine insurance accident notification system Tel Aviv, Israel, January 22, 2021– EasySend, a no-code platform for building and optimizing digital customer journeys, announced that they’re partnering with Sompo …
The future of Nord Stream 2 looks increasingly uncertain as the U.S. ramped up pressure on the project with new sanctions, and companies walked away from the controversial Russian gas link. The new sanctions come just days before work on …
