US Eyeing Ship’s Electrical System After Baltimore Bridge Crash April 11, 2024 By Ari Natter Federal investigators looking into what caused a ship to crash into a vital Baltimore bridge last month are honing in...
Ship Owner in Bridge Collapse Seeks to Limit Its Liability April 2, 2024 By Ethan M Steinberg and Chris Dolmetsch The owner of the ship that rammed into a bridge in Baltimore last week, killing six workers and throwing the...
Baltimore Ship Accident Has East Coast Ports Scrambling to Absorb Cargo April 1, 2024 By Brendan Murray Ports along the US East Coast are modifying their operations to absorb cargo diverted from Baltimore harbor, where salvage specialists...
Risk Reigns in Ocean Shipping, Industry and Economic Experts Say March 6, 2024 By Lisa Baertlein Risk is the “new normal” for the global ocean shipping industry that handles 80% of global trade as pressure from...
War Insurers Shrug off Rubymar Sinking in Red Sea, Rates Stable March 5, 2024 By Jonathan Saul The cost of war risk insurance through the Red Sea remained stable on Monday despite the sinking of the Rubymar...
US, UK Ship Investors Hit By Soaring Red Sea Insurance – Sources February 8, 2024 By Jonathan Saul and Carolyn Cohn War underwriters have raised the premiums they charge to U.S., British and Israeli firms by as high as 50% for...
Chinese Ships Get Cheaper Insurance to Navigate Red Sea February 7, 2024 By Alex Longley and Áine Quinn Chinese-owned merchant ships are getting hefty discounts on their insurance when sailing through the Red Sea, another sign of how...
Houthi Attacks in Red Sea Are Idling Car Factories and Delaying New Fashion January 30, 2024 By Paul Wiseman And Mae Anderson Car factories have idled in Belgium and Germany. Spring fashion lines are delayed at a popular British department store. A...
Chaos in The Red Sea is Starting to Bite into Companies’ Profits January 23, 2024 By Farah Elbahrawy, Julien Ponthus and Michael Msika With the Red Sea crisis roiling shipments of everything from cars to energy, it’s a matter of time before soaring...
Airstrikes on Yemen Bring New Level of Chaos to Shipping in the Southern Red Sea January 19, 2024 By Áine Quinn, Julian Lee and Alex Longley The US and UK’s decision to hit back at Houthi militants after weeks of attacks on merchant shipping in the...