shipping News

Baltic Sea Countries to Check Insurance on Tankers Moving Russian Oil

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, …

Crawford Launches Logistics and Freight Division in Singapore

Crawford & Company is launching a Logistics, Transportation, and Freight services division that the company says is aimed at enhancing supply chain efficiency for businesses across the region. It will combine state-of-the-art technology and industry knowledge with this new service …

U.S. Warns Allies Russia Seeking to Disrupt Cargo Shipping Firms

The U.S. has warned its allies that Russia is targeting cargo shipping companies as it seeks to disrupt Ukraine’s partners, according to people familiar with the matter. While Russia has focused cyberattacks and other so-called hybrid actions on shipping firms …

U.S. Sues Ship Owner, Operator Over Baltimore Bridge Collapse

The U.S. sued the owner and the operator of a Singapore-flagged ship that rammed into a Baltimore bridge in March, the most aggressive action to date in response to a disaster that killed six workers and threw the region’s transportation …

Insurers Say Dark Fleet Oil Tankers Pose a Major Claims Risk

Marine insurance markets face significant risk from the growth of a shadow fleet of ships hauling oil from sanctioned producers like Russian and Iran, an industry group said. The opaque nature of the ownership of those vessels makes it hard …

Cargo Theft Increases Heading into Labor Day Holiday, Report Shows

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 …

The White House Wants $4B to Rebuild Key Bridge in Baltimore And Respond to Other Disasters

The White House is seeking roughly $4 billion in additional emergency funding from Congress for costs related to the collapse and repair of the Francis Scott Key bridge in Baltimore and to respond to other disasters that have occurred around …

Insurer Chubb Prepares to Pay $350M in Baltimore Bridge Collapse

Chubb, the insurer of Baltimore’s Francis Scott Key Bridge that collapsed in March, is preparing to make a $350 million payout to the state of Maryland, the Wall Street Journal reported on Thursday. The payment is expected to be authorized …

Bridge Disaster in Baltimore Gets FBI Criminal Investigation

The US has opened a criminal investigation into what occurred on a cargo ship before it crashed into Baltimore’s Francis Scott Key Bridge and caused it to collapse last month, according to a person familiar with the probe. Federal Bureau …

US Eyeing Ship’s Electrical System After Baltimore Bridge Crash

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 …