oil extraction News

Shipping Industry Sails into Unknown with New Pollution Rules

LONDON — Faced with imminent new global marine pollution rules, shipping companies and insurers are puzzling over the risks. To reduce emissions of toxic sulfur that cause premature deaths, shipowners who have long relied on the dirtiest residues of oil …

The Next New Thing: Coverage Issues From Fracking Claims

Every few years it seems that there are predictions of a new type of claim that threatens to engulf carriers. In the 1980s and 1990s it was environmental clean up claims and SuperFund, followed shortly by asbestos, the fear of …

2-4 Weeks to Remove Fuel From Italian Cruise Ship

Italian naval divers on Tuesday exploded holes in the hull of a cruise ship grounded off a Tuscan island to speed the search for 29 missing people while seas were still calm. One official said there was still a “glimmer …