cargo News

Turkey Reaches Deal over New Crude Tanker Insurance Regulations

ISTANBUL —Turkey welcomed an agreement reached with its counterparts on Tuesday that allows the continuation of a new regulation requiring crude oil tankers to present an insurance confirmation letter before transiting Turkish straits. The Turkish measures, which came into effect …

Low Water Disrupts Industry Along Lower Mississippi River

JACKSON, Miss. (AP) — Plummeting water levels in the lower Mississippi River are projected to drop even further in the weeks ahead, a projection shows, dampening the region’s economic activity and potentially threatening jobs in one of the country’s poorest …

Cargo Ship Beached After Collision in Bay of Gibraltar

MADRID (AP) — Gibraltar authorities said Tuesday that a cargo ship has been beached to prevent it from sinking after it collided with a liquefied natural gas carrier in the Bay of Gibraltar. A government spokesman said that the situation …

Ascot, Marsh Insure Grain Ship from Ukraine’s Black Sea Ports

Broker Marsh and Lloyd’s of London insurer Ascot said on Tuesday they have provided coverage for a vessel carrying grain and food products from Ukraine’s Black Sea ports under its new marine cargo and war insurance facility. Launched last month, …

Lloyd’s of London’s Ascot, Marsh Provide Insurance for Ukraine Sea Corridor

LONDON — Lloyd’s of London insurer Ascot and broker Marsh MMC.N on Friday launched marine cargo and war insurance for grain and food products moving from Ukrainian Black Sea ports, removing a hurdle to getting shipments underway. Russia and Ukraine …

New Rule to Thwart Railroad Efforts to Cut Train Crews to 1

MAHA, Neb. (AP) — Railroads will be required to maintain two-person crews under a new rule announced Wednesday that will thwart industry efforts to cut crews down to one person. The Federal Railroad Administration said in a rule published in …

Terminals at California’s Third-Busiest Port Resume Regular Hours

Marine terminals at California’s Port of Oakland opened for normal operations on Monday after port leaders and police ended a week-long independent truck driver protest of the state’s new “gig worker” law, which stranded cargo on ships, docks and warehouses …

Ship Insurers Seek More Assurances on Ukraine Grain Corridor

LONDON –– Insurers will only be willing to cover ships sailing through a proposed corridor to get Ukrainian grain out if there are arrangements for international navy escorts and a clear strategy to deal with sea mines, underwriters and brokers …

Ships Get Older and Slower as Emissions Rules Bite

LONDON —If shipping is the beating heart of global trade, its pulse is about to get slower. Faced with uncertainty about which fuels to use in the long term to cut greenhouse gas emissions, many shipping firms are sticking with …

At Least 49 Dead in 2nd Day Of Bangladesh Cargo Depot Fire

DHAKA, Bangladesh (AP) — A massive fire at a container depot near a port city in southeastern Bangladesh killed at least 49 people, including nine firefighters, and injured more than 100 others, officials and local media reported Sunday, as efforts …