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.
U.S. Coast Guard Cutter Polar Star (WAGB 10) and crew departed the Antarctic region Tuesday after 65 days south of the Antarctic Circle in support of Operation Deep Freeze 2025.Operation Deep Freeze is an annual event, led by the U.S. Antarctic Program (USAP) in conjunction with the Department of Defense, to support the U.S. National Science Foundation (NSF).
February, Brighton - Cruise Ship Interiors Design Expo Americas (CSI Americas) sets the stage for a transformative year for the cruise ship interiors industry. Registration is now open for the upcoming edition of CSI Americas, which will take place at the Miami Beach Convention Center, 3 - 4 June.
The superyacht that sank off Sicily last year, killing British tech tycoon Mike Lynch and six others, will be recovered once its mast is dismantled in a salvage operation likely to begin after the middle of April, a source close to the matter told Reuters on Wednesday.The recovery of the British-flagged Bayesian, lying on its right side at a depth of around 50 meters (164 feet)
The Poseidon Principles, which represents nearly 80% of global ship finance, has published its fifth Annual Disclosure Report, showing progress towards decarbonised shipping.Continued growth of climate transparency from financial institutions shows that the global finance portfolio for shipping has moved closer to alignment with ambitious decarbonisation trajectories set by the IMO
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.
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.