The Unified Command, consisting of the US Coast Guard, Spectrum OpCo (Operator), and the Louisiana Oil Spill Coordinator's Office (LOSCO), continue to respond an oil and natural gas release in coastal Louisiana.This spill occurred on April 26 in a marsh environment near the Garden Island Bay Production Facility company's well in Plaquemines Parish, southeast of New Orleans, Louisiana.
The Global Risks Report 2025, produced by the World Economic Forum in collaboration with Marsh McLennan and Zurich Insurance Group, finds that nearly two-thirds of over 900 surveyed experts anticipate a turbulent decade ahead.The top five risks identified are:State-based armed conflict: Wars in Ukraine, the Middle East and Sudan have brought unprecedented instability
Broker Marsh and Lloyd's underwriter Tokio Marine Kiln (TMK) have set up business interruption insurance for ports to provide cover against growing trade disruption risks such as threats to shipping in the Red Sea, executives involved said.Ports across the globe are dealing with multiple issues that are disrupting flows of goods
The cost of insuring a ship through the Red Sea has more than doubled since the start of September and some underwriters are pausing cover as the risk of attack from Yemen's Houthis on commercial vessels increases, industry sources said.The Iran-backed Houthis first launched aerial drone and missile strikes on the waterway in November.
Energy facilities along the U.S. Gulf Coast have begun scaling back operations and evacuating some production sites as Tropical Storm Francine swept through the energy-rich region, and was poised to strengthen into a hurricane later Tuesday.Francine was advancing toward the U.S. Gulf of Mexico, set to become the fourth hurricane of the Atlantic season, which concludes on November 30.
The authorities in Singapore have launched an oil spill clean-up operation after the Netherlands-flagged dredger Vox Maxima struck a stationary Singapore-flagged bunker vessel Marine Honour, causing a rupture of one its oil cargo tanks which released the low-sulphur fuel oil to the sea.
The hull for Bernhard Schulte (BS) Offshore’s new Commissioning Service Operation Vessel (CSOV) has arrived at Ulstein Verft’s shipyard, marking the start of new phase in the shipbuilding process.The vessel is designed by Ulstein Design & Solutions for ‘walk-to-work’ (W2W) operations, where personnel walks via a motion-compensated gangway from the ship to a wind turbine.
The Fascinated by Shipwrecks Podcast, hosted by Kathy A. Smith, is dedicated to the People & the Science of Maritime Archaeology.The Adriatic Affair: Finding the 1856 Le Lyonnais Wreck“Of the people on the ship, 114 died and only 18 survived. Those that did lived through extraordinary conditions in the North Atlantic. Storms. Dehydration. Starvation.
Germany-based Bernhard Schulte Offshore (BS Offshore) and Ulstein Verft have launched a new Commissioning Service Operation Vessel (CSOV), the Yno 320.The launch followed an extensive outfitting phase that included the installation of electrical and mechanical systems, piping, accommodation, and system integration.
Marsh launched a $50 million port blockage insurance facility, covering shipping ports and terminals around the world.Created by Marsh following the collapse of the Francis Scott Key Bridge and subsequent disruption at the Port of Baltimore, the insurance facility can be purchased independently or used to supplement existing cover.
Two crewmembers were medecaved on Sunday after being injured in a fire aboard a U.S.-registered liftboat in the Gulf of Mexico, the U.S. Coast Guard said.At approximately 7:53 p.m. Coast Guard District Eight watchstanders received a notification from the Laredo Offshore Services' liftboat Brazos that two men needed medical attention following a fire on board.
The authorities in Singapore have started the next phase of an oil spill clean-up operation, caused by the allision of a dredger and a bunker vessel, with the additional deployment of various booms and oil recovery systems.The Maritime and Port Authority of Singapore (MPA) said that 1500 meters of booms have been deployed