cargo News

Rogue Captain’s Mid-Ocean Detour Tips Investors to Crisis at Sea

Terence Tsai started hearing about the growing labor crisis in shipping in a roundabout way. First, in March, an official at a ship management company in Hong Kong let slip that a captain had purposefully diverted a vessel under its …

What Happens When Tycoons Abandon Their Giant Cargo Ships

From the deck of their tanker, Captain Samig Nabiyev and his crew could see the smoke and fire rising over the Port of Beirut, 900 meters away. When the flaming warehouse exploded, the force of the blast knocked Nabiyev flat …

Report Highlights Risks For Container Ships in Wadden Sea

THE HAGUE, Netherlands — A Dutch safety watchdog said Thursday that it is “undesirable” for large container ships to use a shipping route through an environmentally sensitive, shallow sea off the coast of the Netherlands, Germany and Denmark in heavy …

Fourth and Final Crewman Pulled Alive from Capsized Ship

JEKYLL ISLAND, Ga. — Coast Guard rescuers pulled four trapped men alive from a capsized cargo ship Monday, drilling into the hull’s steel plates to extract the crew members more than a day after their vessel overturned while leaving a …

Ascot, Beazley Launch $50M Cargo Claims Consortium for Small-Medium Firms

Ascot and Beazley announced the launch of a Lloyd’s-based cargo consortium using insurtech technologies to help manage risk and claims performance. Led by Ascot and Beazley, the consortium brings together a range of cargo carriers that will provide a maximum …

Claim Concepts & Solutions – CC&S is pleased to announce the formation of its sister company Recovery Concepts & Solutions, LLC – RC&S, providing Expert Subrogation & Tort Recovery

CC&S is a premier national auditing group providing specialized audits to the risk industry including, best practices, reserve adequacy, inventory evaluations, claim file audits and inventory reduction concepts and methodologies. In line with CC&S depth and focus, RC&S combines seasoned, …

Sunken South Korea Ferry Surrounded by Cargo Questions

Frustrated relatives of the scores of people still missing from the sinking of the ferry Sewol held the fisheries minister and the coast guard chief overnight, angry about the pace of divers who have recovered 183 bodies so far but …

Sentry Insurance Unites With CargoNet to Combat Cargo Theft

Sentry Insurance has joined CargoNet, a division of Verisk’s ISO Crime Analytics unit, in an effort to combat cargo theft through information sharing between the insurance and trucking industries and law enforcement. As a member, Sentry will provide its motor …

Charter, Cargo Airlines Target Pilot Safety Rule

The Obama administration, facing fierce opposition from charter and cargo airlines and a leery Pentagon, has delayed new safety rules aimed at preventing airline pilots from becoming so exhausted that they could make dangerous mistakes. The Federal Aviation Administration was …