By John Helmer In the war at sea between the U.S.-NATO alliance and Russia, the Russian shipping company Sovcomflot says its future has never been better. The U.S. State Department directing the
By Professor Basil Germond, Chair in International Security, Lancaster University The maritime sector, like other sectors of the economy and society, is targeted by cyber criminals seeking personal and commercial data (e.g.,
Canada’s Davie Shipbuilding (Chantier Davie Canada Inc.) is in advanced negotiations to buy Finland’s Helsinki Shipyard. In a press release yesterday, the Lévis, Quebec, headquartered shipbuilder announced it had exercise of its
There are interesting times ahead in the tanker market. From December 5, the European Union ban on imports of Russian oil will kick in, with a minor exception for Bulgaria, which has
Fire and explosion incidents cause the most expensive insurance claims in the marine industry, while at a time of rising exposures and inflation, cargo damage is the most frequent cause of loss,
By Tracy Zea, WCI President and CEO Anyone who’s shopped for groceries, dined at restaurants, paid rent or pretty much purchased anything these past months knows we are facing economic challenges unprecedented
The Ukrainian conflict, sanctions against Russia, and new COVID-19 outbreaks in the Far East are all impacting global crewing levels, says Henrik Jensen, CEO of Danica Crewing Specialists. And with crew shortages
First the good news, then the bad. That’s the main take away from marine insurer Allianz Global Corporate & Specialty SE’s Safety & Shipping Review 2022. The good news is that though
Niels Rasmussen, chief shipping analyst at BIMCO, is warning that the negative impacts of Russia’s actions in Ukraine will have consequences for all sectors of shipping. Though much uncertainty remains, the immediate
JANUARY 22, 2019 — A ship to ship fuel transfer that likely was in breach of international sanctions appears to have gone disastrously wrong. Fourteen people have died after two ships caught
