Insurers Count the Cost of Ships Snagged in Ukraine Crisis February 27, 2023 Insurers are facing half a billion dollars in claims for up to 60 commercial ships still stuck in Ukraine a...
Maersk Sues Evergreen over 2021 Blocking of Suez Canal February 14, 2023 By Samy Magdy CAIRO (AP) — The world’s biggest shipping company said Monday it sued a rival shipping line in a Danish court,...
Black Sea Shipping Rates Rise as Reinsurers Cut Cover January 6, 2023 By Jonathan Saul LONDON –– Costs for hiring ships to transport commodities from the Black Sea have risen by more than a fifth...
Union Pacific Railroad Shipping Limits Generate Complaints December 16, 2022 OMAHA, Neb. (AP) — Federal regulators and shippers are questioning Union Pacific’s decision to temporarily limit some businesses’ shipments as...
Turkey Reaches Deal over New Crude Tanker Insurance Regulations December 13, 2022 ISTANBUL —Turkey welcomed an agreement reached with its counterparts on Tuesday that allows the continuation of a new regulation requiring...
Deepening Turkey Tanker Logjam Snarls Russia Oil Sanctions December 9, 2022 By Daren Butler and Can Sezer ISTANBUL –– Turkey emerged as a critical stumbling block to a complex international plan to deprive Russia of wartime oil...
Western Officials in Talks with Turkey over Oil Tanker Delays December 7, 2022 By Noah Browning and Alistair Smout Western officials are in talks with Turkish counterparts to resolve oil tanker queues off Turkey, a British Treasury official said,...
Vessel Seeks Other Port After Texas Freeport LNG Delay, Data Shows December 6, 2022 By Scott DiSavino At least one liquefied natural gas (LNG) vessel gave up on Freeport LNG’s export plant in Texas after the company...
Oil Tankers Queuing to Transit Turkish Straits Face More Delays December 6, 2022 By Can Sezer and Jonathan Saul ISTANBUL –– At least 20 oil tankers queuing off Turkey to cross from Russia’s Black Sea ports to the Mediterranean...
Viewpoint: Unseaworthy Vessels One Reason Containers are Lost at Sea November 28, 2022 By Glenn Mathias The World Shipping Council reported that for 2020-2021, the two-year average annual loss of containers overboard was 3,113 units. That...