Salvors and authorities are watching for any leaking of fuel after halting efforts to tow a fire-gutted container vessel away from beaches and fishing grounds off the coast of Sri Lanka. The ship’s stern hit the ocean floor after it …
When India’s weather office sent out cyclone warnings on May 13 and most vessels moved to safety, one barge working on Oil and Natural Gas Corp.’s field off the Mumbai coast stayed put. That decision would prove fatal when Tauktae, …
AHMEDABAD/MUMBAI – Naval vessels and aircraft scoured the waters off India’s west coast late on Wednesday after the most powerful cyclone in more than two decades battered the region, sinking an oilfield accommodation barge and killing 26 aboard, authorities said. …
A cyclone barreling through India’s west coast sank a barge hired by state-run explorer Oil & Natural Gas Corp. prompting a massive operation to rescue 96 people missing from the vessel. “Long-range maritime surveillance aircraft were assisting the rescue effort …
LONDON — Reinsurers are set to foot most of the bill for the grounding of the ship that halted traffic in the Suez Canal, industry sources said, with payouts expected to run into hundreds of millions of dollars. International supply …
OSLO – A Dutch cargo ship that was abandoned at sea during a storm off the coast of Norway this week has been attached to two large tugboats and is no longer at risk of running aground, local officials said …
The manager of an oil tanker being probed by Brazilian authorities in connection with an oil spill off the country’s coast has found “no proof” of the vessel conducting activities that may have led to leaks on a journey between …
Ocean marine insurance is the oldest line of insurance and today represents a small specialty line in the property/casualty insurance industry. Since those early days, marine products have evolved as risks and exposures have increased in both size and complexity. …
Large shipping losses declined by more than 50% in 2018 from the previous year – their lowest level this century, according to Allianz Global Corporate & Specialty SE’s (AGCS) Safety & Shipping Review 2019. In 2018, 46 large ships were …
An environmental disaster is unfolding in the Pacific after a large ship ran aground and began leaking oil next to a UNESCO World Heritage site in the Solomon Islands, Australian officials said Friday [March 1]. Footage taken this week shows …
