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
Initial examinations of four of the people killed when British tech tycoon Mike Lynch's family yacht sank off Sicily last month indicated they had died of suffocation as oxygen ran out on the stricken vessel, judicial sources said on Thursday.Lynch, his daughter Hannah, an onboard cook and four guests died when the Bayesian, a British flagged 56-metre (184-feet) superyacht
Crew members on Mike Lynch's yacht have spoken of the moments when a storm sank the vessel off Sicily and their efforts to help save passengers, after a disaster that killed the British tech tycoon and six other people.Matthew Griffiths, who was on watch duty on the night of the disaster two weeks ago
Italian prosecutors are investigating two more crew members from British tech tycoon Mike Lynch's yacht, along with its captain, in connection with the vessel's sinking over a week ago, a judicial source said on Wednesday.Being investigated does not imply guilt and does not mean formal charges will follow.
Carnival Corporation's Cunard cruise line announced it has taken delivery of its newest cruise ship, Queen Anne, from Italian shipbuilding group Fincantieri.The newbuild was officially handed over on Friday during a ceremony at the Fincantieri Marghera shipyard in Venice. The 114,000-ton ship spans 14 decks and has capacity for up to 3,000 passengers.
Tankers carrying Russian oil have continued sailing through the Red Sea largely uninterrupted by Houthi attacks on shipping and face lower risks than competitors, according to shipping executives, analysts and flows data.Russia has become more dependent on trade through the Suez Canal and the Red Sea since it invaded Ukraine
In March 2025 the major exhibition Pirates will open at the National Maritime Museum (NMM), tracing the changing depictions of pirates throughout the ages and revealing the brutal history often obscured by fiction. While sometimes portrayed as tricksters or scoundrels, pirates are primarily swashbuckling adventurers associated with lush islands, flamboyant dress and buried treasure.
With efforts underway to clean up thousands of tons of steel debris from the collapsed bridge in Baltimore's harbor, Maryland Governor Wes Moore on Sunday urged Republicans to work with Democrats to approve the federal funding needed for rebuilding the bridge and to get the port economy back on its feet.
The Holt Lock on the Black Warrior River in Holt, Ala., has reopened after being closed earlier this year due to concerns about its structural stability.The U.S. Army Corps of Engineers closed the lock on June 22 after the Mobile District engineering team conducted an initial stability analysis that identified cracks and leaks in the lock's infrastructure.
Japan’s state-owned whaling company, Kyodo Senpaku, has killed a fin whale off Iwate Prefecture.The 19.6 meter, 55-tonne male was caught using Kyodo Senpaku’s new whaling ship, the 9,300-ton Kangei Maru, which entered operation in March.Japan’s Ministry of Agriculture has added 59 fin whales to its existing quotas for minke whales, Bryde’s whales and sei whales.
Bollinger Shipyards on Saturday hosted a ceremony at Bollinger Houma to christen the U.S. Navy’s newest towing, rescue and salvage ship (T-ATS) USNS Cherokee Nation.The Hon. Franklin Parker, Assistant Secretary of the Navy for Manpower and Reserve Affairs joined ship’s sponsor and Deputy Speaker of the Cherokee Nation Tribal Council, the Hon.
Petroleum product and hazardous material have been removed from a 1940s era military tugboat that sunk in California, the U.S. Coast Guard said.A Unified Command and its contractors completed lightering efforts from the tug Mazapeta, Wednesday.The Mazapeta sunk September 4, 2023, in Little Potato Slough within the San Joaquin Delta, northwest of Stockton, with approximately 1