Philippine Rescuers Find Bodies of 4 Crew Members of Abandoned Cargo Ship; 9 Missing April 22, 2021 MANILA, Philippines – Rescuers in the southern Philippines found the bodies of four crew members Wednesday and rescued seven others...
Seized Suez Ship Declared Fit for Onward Passage (Once Compensation Is Paid) April 14, 2021 CAIRO – The cargo vessel that blocked global shipping in the Suez Canal and is caught in a legal dispute...
Update: Egypt Seizes Container Ship that Blocked Suez, Pending $916M Compensation April 13, 2021 By Tarek El-Tablawy and Alex Longley Egypt seized a giant container vessel that blocked the Suez Canal last month as it sought compensation of more than...
Suez Canal Blockage Continues to Disrupt Global Trade, Hitting Supply Chains April 9, 2021 By Jonathan Saul and Timothy Aeppel LONDON/LOS ANGELES – A backlog of container ships carrying consumer goods has grown in some key strategic ports after a...
Reinsurers Will Bear Most of Costs of Container-Ship Grounding in Suez Canal April 8, 2021 By Jonathan Saul and Carolyn Cohn LONDON — Reinsurers are set to foot most of the bill for the grounding of the ship that halted traffic...
Authorities Working to Free Giant Stranded Container Ship Blocking Suez Canal March 24, 2021 By Yusri Mohamed, Jessica Jaganathan and Florence Tan CAIRO – The shortest shipping route from Europe to Asia remained blocked on Wednesday as 10 tug boats struggled to...
Iran Blames Israel for Explosion that Damaged Container Ship in Mediterranean March 15, 2021 By Arsalan Shahla Iran said Israel was likely behind an explosion that damaged an Iranian container ship in the Mediterranean last week, as...
Marine Insurers Set to Raise Rates After Red Sea Attacks on Merchant Ships January 13, 2021 By Jonathan Saul LONDON – Insurers are set to raise the cost of providing cover for merchant ships through the Red Sea after...
Covid-19 Vaccine Distribution Risks and Insurance: Q&A With Allianz Specialists January 12, 2021 By Brian McClintock and Damon Finneran As COVID-19 vaccine distribution rolls out across the country, insurers of the pharmaceutical industry are in a position to share...
Brit Global Specialty USA Transfers Renewal Rights for Cargo Business to Falvey Cargo June 29, 2020 Brit Global Specialty USA will transfer the renewal rights for its cargo business to Falvey Cargo Underwriting, effective July 2....