SUEZ, Egypt (AP) — Experts boarded the massive container ship Tuesday that had blocked Egypt’s vital Suez Canal and disrupted global trade for nearly a week, seeking answers to a single question that could have billions of dollars in legal …
There were potentially thousands of insurance policies taken out on the steel boxes stacked high on the massive boat blocking the Suez Canal and upending world trade. They could result in millions of dollars in payouts — but first, a …
The giant vessel that’s blocked the Suez Canal for almost a week was pulled free from the bank, a major step toward getting ships moving again along one of the world’s most important trade arteries. The stoppage caused a tailback …
NEW YORK (AP) — A trade bottleneck born of the COVID-19 outbreak has U.S. businesses anxiously awaiting goods from Asia — while off the coast of California, dozens of container ships sit anchored, unable to unload their cargo. The pandemic …
SAVANNAH, Ga. (AP) — When salvage crews began cutting apart the capsized Golden Ray, a shipwreck the size of a 70-story office building with 4,200 cars within its cargo decks, in early November they predicted the demolition could be wrapped …
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 …
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 …
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 …
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 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 …