Gulf Tanker Incidents May Raise Shippers’ Costs, Cut Traffic July 22, 2019 By David Koenig and Frank Bajak Seizures of oil tankers and other hostile Iranian measures in the Strait of Hormuz are already raising insurance rates for...
Seeking to Avoid Escalation, Ships Deploy Unarmed Guards to Navigate Gulf July 17, 2019 By Jonathan Saul LONDON — Shipping companies are hiring unarmed security guards for voyages through the Middle East Gulf as an extra safeguard...
How to Sink the Pirates Plaguing West Africa: Viewpoint July 2, 2019 By Tobin Harshaw Remember those Somali pirates? Earlier this decade, they brazenly hijacked giant oil tankers, demanded ransoms in the millions of dollars,...
Oil Tanker Insurance Costs to Jump After Gulf Attacks June 14, 2019 Oil tanker owners are turning increasingly nervous about loading cargoes from the world’s largest export region for crude after the...
Insurer Says Iran’s Revolutionary Guards Likely Organized Tanker Attack May 17, 2019 By Jonathan Saul and Gwladys Fouche LONDON/OSLO — Iran’s elite Revolutionary Guards (IRGC) are “highly likely” to have facilitated attacks last Sunday on four tankers including...
Mississippi River Barge Shipping Resumes After Floods, but Rains to Return May 17, 2019 By Karl Plume and Rod Nickel The upper Mississippi River fully reopened to boat and barge traffic this week for the first time since November as...
Coast Guard Partially Opens Houston Ship Channel After Collision May 13, 2019 The U.S. Coast Guard partially opened the Houston Ship Channel near Bayport, Texas, on Saturday after a collision spilled an...
Houston Channel Importance Swelled as Oil, Gas Exports Rose March 27, 2019 By Ben Foldy About the photo: A ship is docked on the Houston Ship Channel, part of the Port of Houston. Photographer: Loren...
Piracy Costs World Shipping Industry $9B a Year October 4, 2011 By NIRMALA GEORGE Piracy is costing the global shipping trade more than $9 billion a year, according to Indian ship owners, who on...