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Insurance

The Strait of Hormuz: How to Deal With Contractual Issues, Rights and Obligations

Introduction The increase in geopolitical tensions in the Middle East recently resulted in Iran threatening to close the strategically vital Strait of Hormuz (the “Strait”)...

ITF Reports “Disturbing Surge” in Seafarer Abandonment in 2025

The International Transport Workers’ Federation (ITF) released its latest tally on cases of seafarer abandonment, reporting what it called a “disturbing surge” in cases...

Academic study links underwriting restrictions with reduction in US coal mine output

A recent analysis conducted by the University of Zurich has indicated that there is a statistical relationship between insurers that adopt coal underwriting restrictions...

Are dual-fuel ships facing dual risks?

Driven by the green transition trend in the shipping industry, particularly with the EU Maritime Fuel Regulation taking effect on January 1, 2025, the...

Houthis Use UN-Funded Oil Tanker To Store & Sell Fuel, Defying Sanctions

A massive oil tanker bought by the United Nations for $55 million to prevent an environmental disaster is now being used by the Houthis...

INTERCARGO: Key performance and safety trends of bulk carriers

INTERCARGO has published its Benchmarking Report for 2024, revealing key safety and performance trends regarding dry bulk vessels. According to the report, in 2024, the...

Markets call Trump’s bluff on Russian oil sanctions in increasingly risky game: Bousso

U.S. President Donald Trump’s threat to choke off Russia’s oil revenue via secondary sanctions would deal a hammer blow to Moscow’s finances, but markets...

Dryad Global: Fatalities mark new phase in Houthi campaign

Dryad Global has issued its latest weekly maritime security advisory highlighting how the Red Sea escalation and Black Sea tensions define the global threat...

“Steel Beasts” Hurdle Jump – Ningbo Zhoushan Port Beilun Port Area Successfully Completes Hoisting of Components for 2 Bucket Wheel Stacker-Reclaimers

At 17:00 on July 14, with the precise placement of the final 34.8-ton portal frame, the Ningbo-Zhoushan Port Beilun Ore Terminal successfully completed the...
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