The key waterway for U.S. grain exports was cut off Monday when the U.S. Coast Guard closed the Mississippi River near Natchez, Mississippi. The Coast Guard said 15 miles of the Mississippi was closed to all traffic to protect ships …
Piracy at sea hit an all-time high in the first three months of 2011, with 142 attacks worldwide, the International Chamber of Commerce (ICC) International Maritime Bureau’s (IMB) global piracy report revealed. The IMB said the “sharp rise was driven …
A.M. Best Co. has released a briefing addressing the marine protection and indemnity (P&I) market, which indicates that the” insurers operating in the P&I market went into the February 2011 renewal period in a good financial position.” “Reported balance sheets …
London’s marine insurance market has added Libya to a list of areas deemed high risk as violence escalates in Africa’s third-largest oil producer, a senior market official said on Friday. Libyan rebels vowing “victory or death” advanced towards the major …
South Korea’s Hanjin Shipping was re-routing some of its container vessels due to the unrest in Egypt that has disrupted dry-dock operations at several ports, its chief executive said on Tuesday. Seaborne traffic through Egypt’s Suez Canal continued to run …
