marine liability insurance News

Houthis Say Tugs Can Tow Away Stricken Oil Tanker Attacked in Red Sea

Yemen’s Houthi militants said they’ll let tugboats tow away an oil tanker that they attacked last week in the Red Sea, a step that might to help avert an environmental disaster. The 900-foot Sounion was hauling 150,000 tons of dense …

Update: US Warns Leaking Oil Tanker Poses Growing Red Sea Pollution Risk

An abandoned oil tanker attacked in the Red Sea by Iran-backed Houthi rebels a week ago appears to be burning and leaking, raising the specter of an environmental disaster, a Pentagon spokesman said on Tuesday. The comments are the latest …

Fires Burn on Houthi-Hit Oil Tanker but No Spill Yet, EU Says

Fires were burning around the oil tanks of a ship that was attacked by Houthi militants in the Red Sea, but there were no signs of a spill so far, the European Union naval force in the region said. Flames …

Captain of Sunken Superyacht Placed Under Investigation

Italian prosecutors have placed under investigation the captain of the superyacht that sank off Sicily last week in a storm, killing British tech magnate Mike Lynch and six other people, one of the captain’s lawyers said on Monday. James Cutfield, …

Fires Spotted on Red Sea Tanker Drifting With Oil on Board

The UK Navy said that three fires have been observed on a ship attacked in the Red Sea earlier this week. The Sounion’s crew were evacuated from the ship in the past few days after the vessel was struck by …

London-Based Ship Registry Helps Russia Oil Tankers Keep Running

Three oil tankers that are under British sanctions for transporting Russian petroleum are sailing under the flag of a nation that bases its operations in London. The Galaxy, the Liberty and the Rigel, all of which moved barrels for Moscow …

Hiscox Confirms Chairman Bloomer Died During Yacht Accident Off Coast of Sicily

Hiscox Ltd. issued a statement confirming that the insurer’s chair, Jonathan Bloomer, and Bloomer’s wife, Judy, died in the tragic sinking of the yacht Bayesian off the coast of Sicily on Monday, Aug. 19. “We are deeply shocked and saddened …

Crew Evacuated From Houthi-Stricken Oil Tanker in Red Sea

The crew of a ship that suffered several attacks in the Red Sea has been evacuated with naval support. Delta Tankers, which operates the Sounion, said Thursday that plans are now in place to move the vessel to a safer …

Yacht Insurer OMAC Is Hull Carrier for Yacht Sunk Off Sicily, Sources Say

Yacht insurance provider OMAC is the carrier on the hull for the Bayesian, a 56-meter-long (184-ft) sailboat, that was hit by a ferocious storm on Monday, sinking off the northern coast of Sicily, two sources with knowledge of the matter …

Toxic Waste Bound for Thailand on Maersk, MSC Cargo Vessels to Return to Europe

Shipping containers bound for Thailand allegedly filled with tons of hazardous industrial waste from Albania are now slated to return to Europe, after environmental groups sounded the alarm they were being illegally exported to Southeast Asia. An A.P. Moller-Maersk A/S …