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Barbados

Houthis Attack Second Ship In 24 Hours, Crew Injured & 2 Missing

Alexa Laguna -
Yemen’s Houthi rebels have launched back-to-back attacks on commercial vessels in the Red Sea, hitting two Greek-operated bulk carriers within 24 hours. The attacks...
Insurance

MES Restores Fire-Damaged Dredger Stuyvesant In Under 8 Months

Alexa Laguna -
McCullough Engineering Services (MES) has successfully restored the dredger Stuyvesant, which was severely damaged by a fire in November 2024. The trailing suction hopper...
Energy

ISU: revenues rise, as does salvage complexity

Sophie Becker -
Salvors tackled more projects on LOF contracts and extra wreck work in a stable sector that protects shipping, cargo, crew and the environment Revenue...
Insurance

Trump tax bill averts one debt crisis but makes future financial woes worse

Alexa Laguna -
President Donald Trump’s tax-cut and spending bill, which passed Congress on Thursday, averts the near-term prospect of a U.S. government default but makes America’s...
Energy

Discount on Russian Urals oil shipped to India is smallest since 2022, traders say

Linh Nguyen -
Discounts for Russia’s flagship Urals crude oil for delivery to Indian ports in August shrank to their narrowest levels since 2022 amid high...
Insurance

North Sea Crude-WTI Midland edges down

Linh Nguyen -
WTI Midland declines from a bid and an offer at the same price.PLATTS WINDOW* Indications are on a free-on-board (FOB) basis unless marked...
Egypt

Magic Seas attack underscores Red Sea risk even as CMA CGM transits Suez

Sophie Becker -
Tensions in the Red Sea shipping corridor have escalated following an attack on bulk carrier Magic Seas on the 6th of July even as...
Insurance

ICA 2025 amendment: Position clarified, but perhaps an opportunity missed?

Alexa Laguna -
The International Group of P&I Clubs (IG) has announced an update to the Inter-Club New York Produce Exchange Agreement (ICA), with the 2025 amendment...
Finance

Germany to spend €400M more to future-proof shipping, ports sectors

Carlos Martinez -
Germany’s government has decided to support climate-neutral shipping and ports with an additional sum of €400 million. The decision was unveiled by Patrick Schnieder, Federal...
Insurance

Singapore Prosecutes Master and Crew of Chemical Tanker for Death of Sailor

Priya Anika Rajan -
The Public Prosecutor in Singapore is proceeding with a case against the master, chief officer, and the pump master of a Vietnamese chemical tanker...
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