As Luiz Inacio Lula da Silva prepares to take office on 1 January, minister promises to end privatisation of largest port, and shipyards hope for support of old
Lula 2.0? Brazil’s maritime sector watches return of president for course changes Read More »
Ship insurers said they are cancelling war risk cover across Russia, Ukraine and Belarus, following an exit from the region by reinsurers in the face of steep losses.Reinsurers, who insure the insurers, typically renew their 12-month contracts with ins…
Ship Insurers to Cancel War Cover for Russia, Ukraine Read More »
Japanese insurers are expected to continue providing marine war insurance which covers the sinking and requisition of ships due to war in Russian waters after Jan. 1, the Nikkei daily said on Thursday.Japan’s Tokio Marine & Nichido Fire Insurance…
Japan Insurers to Continue Offering War Coverage for LNG Shippers in Russian Water Read More »
The U.S. Coast Guard on Monday commenced Operation Coal Shovel, a domestic icebreaking operation to maintain commercial vessel traffic from southern Lake Huron to Lake St. Clair, to the St. Clair / Detroit River system, and into Lake Erie and Lake Onta…
Operation Coal Shovel: US Coast Guard Kicks Off Great Lakes Icebreking Read More »
As the freight markets shifted tides during 2022, so did ship values. In its latest weekly report, shipbroker Allied Shipbroking said that “as we close off 2022, we note how much it has been a switch over year in fortunes W-O-W change for the two main …
Ship Values For Tankers and Bulkers Reverse Fortunes During 2022 Read More »