A grounding incident was avoided thanks to swift action by a team of harbor tugs and pilots aboard a Panamanian registered containership that lost power in Southampton, U.K., according to a local pilots group.At around 11 a.m. on January 26, the 20,000 TEU containership MOL Treasure departed the Port of Southampton bound for Le Harve, amid good, though gusty, weather conditions
Turkey emerged as a critical stumbling block to a complex international plan to deprive Russia of wartime oil revenues as the number of tankers waiting to exit the Black Sea through Turkish straits continued to rise on Friday.Ankara has declined to scrap a new insurance inspection rule it implemented at the beginning of the month despite days of pressure from Western officials frustrated by the
Turkey's maritime authority said on Thursday it would continue to block the passage of oil tankers that don't carry appropriate insurance letters, adding that insurance checks on ships in its waters were a "routine procedure".The logjam is creating growing unease in oil and tanker markets and comes as the G7 and European Union introduce a price cap on Russian oil.
Turkey's maritime authority said on Thursday it would continue to block the passage of oil tankers without appropriate insurance letters, adding that the insurance checks on ships in its waters was a "routine procedure."A Turkish measure in force since the start of the month has caused shipping delays.
Western officials are in talks with Turkish counterparts to resolve oil tanker queues off Turkey, a British Treasury official said, after the G7 and European Union rolled out new restrictions on Dec. 5 aimed at Russian oil exports."The UK, U.S. and EU are working closely with the Turkish government and the shipping and insurance industries to clarify the implementation of the Oil Price Cap and
Around 82 ships with 418 seafarers remain stuck around Ukrainian ports despite the opening of a U.N.-backed sea corridor to ship grains with efforts to get the mariners sailing still stuck, shipping industry officials said on Thursday.The agreement reached in July, creating a protected sea transit corridor, was designed to alleviate global food shortages
Capt. Brian McAllister, a prominent member of the American maritime industry and a true New York area maritime industry icon, has passed away.The following was posted on the mcallistertowing.com website:"It is with heavy hearts that we announce the passing of our beloved Captain. Brian, who changed the future of McAllister Towing when he bought the company with his brothers and cousins
A New York state regulator on Friday fined cruise line operator Carnival Corp $5 million for "significant" cybersecurity violations, following four security breaches from 2019 to 2021 that exposed substantial amounts of sensitive customer data.New York's Department of Financial Services said Carnival violated a state cybersecurity regulation by failing to use multi-factor authentication that
The U.S. Coast Guard said Monday it was, together with local fire agencies, responding to a barge fire approximately 9 miles south of Port Mahon.Watchstanders at the Sector Delaware Bay Command Center received a call at approximately 1 a.m. reporting a barge on fire in the Delaware River. The barge was reportedly carrying household appliances for scrap, the U.S. Coast Guard said.
London’s marine insurance market on Monday added all of Russia’s waters to its list of areas deemed high risk, an advisory showed.Guidance from the Joint War Committee, which comprises syndicate members from the Lloyd’s Market Association (LMA) and representatives from the London insurance company market, is watched closely and influences underwriters’ considerations over insurance premiums.
Foreign ship owners are becoming increasingly wary of moving cargoes of Russian oil due to the conflict in Ukraine and the impact of Western sanctions on Moscow, the head of leading private Greek shipping group Angelicoussis said on Wednesday.U.S. President Joe Biden has imposed a ban on Russian oil and other energy imports following Moscow's invasion of Ukraine and there is growing uncertainty
State-owned Bangladesh Shipping Corp is seeking $22.4 million from its insurer for a cargo ship hit by a missile in March, government officials with knowledge of the talks said, in the first major marine insurance claim from the conflict in Ukraine.The UN's shipping agency said last week it would create a safe maritime corridor for merchant ships and crews stuck in the Black Sea and Sea of Azov