Insurance

Egypt

Tragic incident in Gulf of Suez: Four dead, three missing as jack-up capsizes

Carlos Martinez - July 3, 2025

ADES Holding Company, part of Saudi Arabia-headquartered ADES Group,has disclosed a towing incident in Egypt’s Gulf of Suez, involving a jack-up barge unit owned...

Insurance

Four dead as ADES subsidiary’s barge capsizes in Gulf of Suez

Carlos Martinez - July 3, 2025

Offshore drilling services provider ADES Holding has reported a maritime incident involving its subsidiary’s jackupbarge, Admarine 12, which capsized in Egyptian territorial waters.The barge...

Denmark

Germany And Sweden Join EU In Efforts To Identify Shadow Fleet Of Tankers

Alexa Laguna - July 3, 2025

Germany has announced that, along with Sweden, it will ask ships to provide information about their insurance coverage, joining other Baltic and Scandinavian nations...

Insurance

What’s in the Republican tax and spending plan?

Alexa Laguna - July 3, 2025

The Republican-controlled Congress on Wednesday could pass a sweeping budget package that would fulfill many of President Donald Trump’s priorities. It has already passed...

Bahamas

The Grandfather of White-Collar Piracy

Priya Anika Rajan - July 2, 2025

In Greece, Max Hardberger posed as an interested buyer, in Haiti as a port official, in Trinidad, a shipper. He has plied guards with...

Germany

Germany and Sweden Launch Joint Initiative to Monitor Shadow Fleet in Baltic Sea

Emily Carter - July 2, 2025

The policy, which took effect on July 1, aims to address concerns about vessels that operate with questionable insurance and deliberately avoid reputable insurers...

Germany

German Government increases vigilance in the Baltic Sea

Monica Germany - July 2, 2025

Since 1 July 2025, German authorities have been questioning passing tankers about their insurance cover against oil pollution damage in an effort to tackle...

Insurance

Dryad Global: Russia’s shadow tanker fleet has tripled since 2022

Monica Germany - July 2, 2025

Dryad Global in its “Shadow Fleet Exposed by Sanctions and Sensors” report highlights how western sanctions, satellite surveillance and advanced analytics are steadily shrinking...

Gibraltar

Voyage estimating made even easier with latest expansion of Baltic Exchange’s bunker report

Linh Nguyen - July 2, 2025

From owners and operators to charterers and brokers, the need to make critical data-driven decisions when it comes to time charter equivalent (TCE)...

Insurance

Ship operating costs dip as owners slam on controls

Emily Carter - July 2, 2025

SEPTEMBER 30, 2013 — Ship operating costs look to have taken a slight dip last year. International accountant and shipping consultant Moore Stephens says...

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