Twelve European countries are set to clamp down on tankers that move millions of barrels of Russian petroleum around the world — by asking to see how they’re protected against oil spills and other high-cost claims. Nations including Denmark, Estonia, …
Russ Lewis has picked up some strange things along the coast of Long Beach Peninsula in Washington state over the years: Hot Wheels bicycle helmets with feather tufts, life-size plastic turkey decoys made for hunters, colorful squirt guns. And Crocs …
While workers are taking a break to celebrate a holiday that honors labor, crooks will be laboring to take advantage of that time off. Cargo theft activity typically spikes on the days preceding and following Labor Day weekend, according to …
Insurers of the Bayesian superyacht that sank this month, killing tech entrepreneur Mike Lynch and six others, could be on the hook for at least $150 million, according to the first estimates by industry experts. The British-flagged 56-meter-long (184-foot-long) yacht, …
Cargo claims are an inevitable part of the shipping industry, but the challenges associated with these claims are getting both more complex and frequent this year. From increasing technological advancements to the complexity of global trade, the freight insurance industry …
Federal investigators looking into what caused a ship to crash into a vital Baltimore bridge last month are honing in on the vessel’s electrical system, US National Transportation Safety Board Chair Jennifer Homendy said Wednesday. The safety board is examining …
Risk is the “new normal” for the global ocean shipping industry that handles 80% of global trade as pressure from geopolitical tensions, rising protectionism and climate change mounts. “There are going to be global tensions … and I think global …
Chinese-owned merchant ships are getting hefty discounts on their insurance when sailing through the Red Sea, another sign of how Houthi attacks in the area are punishing the commercial interests of vessels with ties to the west. The militants began …
There were 692 reported thefts of cargo across the United States and Canada in the third quarter of 2023, a 59% increase when compared to the third quarter of 2022, according to CargoNet. Similar to the second quarter of 2023, …
Car factories have idled in Belgium and Germany. Spring fashion lines are delayed at a popular British department store. A Maryland company that makes hospital supplies doesn’t know when to expect parts from Asia. Attacks on ships in the Red …