ISTANBUL –– At least 20 oil tankers queuing off Turkey to cross from Russia’s Black Sea ports to the Mediterranean face more delays as operators race to adhere to new Turkish insurance rules added ahead of a G7 price cap …
The World Shipping Council reported that for 2020-2021, the two-year average annual loss of containers overboard was 3,113 units. That is more than four times the total for the previous three-year, 2017-2019, average loss of 719 units. Two defects contribute …
The nation’s major shipping companies are in the best shape to get holiday shoppers’ packages delivered on time since the start of the pandemic, suggesting a return to normalcy. Carriers like the U.S. Postal Service, FedEx and United Parcel Service …
DUBAI, United Arab Emirates (AP) — An oil tanker associated with an Israeli billionaire has been struck by a bomb-carrying drone off the coast of Oman amid heightened tensions with Iran, an official told The Associated Press on Wednesday. The …
LONDON/BRUSSELS —Oil-laden tankers risk being left languishing at sea if insurers do not urgently get clarity on an unfinished G7 and European Union plan to cap the price of Russian crude, two senior industry executives told Reuters. The Group of …
LONDON (AP) — Ships loaded with grain departed Ukraine on Tuesday despite Russia suspending its participation in a U.N.-brokered deal that ensures safe wartime passage of critical food supplies meant for parts of the world struggling with hunger. The U.N. …
South Korea is bracing for the strongest storm in the nation’s history with Super Typhoon Hinnamnor forecast to hammer its southern coastal areas next week. The worst of the typhoon is forecast Monday or Tuesday when the weather system is …
Broker Marsh and Lloyd’s of London insurer Ascot said on Tuesday they have provided coverage for a vessel carrying grain and food products from Ukraine’s Black Sea ports under its new marine cargo and war insurance facility. Launched last month, …
BERLIN –– Water levels on Germany’s Rhine river are so low that some vessels cannot sail even when empty, a shipping cooperative said on Friday, although long-awaited rain has begun to ease bottlenecks on one of the country’s main commercial …
LONDON/NEW YORK —Ships exporting Ukraine grain through the Black Sea will be protected by a 10 nautical mile buffer zone, according to long-awaited procedures agreed by Russia, Ukraine, Turkey and the United Nations on Monday and seen by Reuters. The …