Losses
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Maritime News
TT Club: More Can Be Done to Prevent Container Losses at Sea
Cargo insurer TT Club says that while heavy weather is still the biggest reasons why container ships occasionally lose stacks…
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Maritime News
Allianz: Shipping Losses Continue Decline Hitting All-Time Yearly Low
The global shipping industry is recording a continuing decline in large vessel losses despite the sector facing growing risks.…
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Marine World
Maritime Losses Decline But Industry Faces Unprecedented Challenges, Allianz Report Warns
The global shipping industry has seen a significant reduction in the number of vessel losses, but faces increasing volatility from…
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Maritime News
Report: USCG Investigates Near Miss as Bulker Losses Control on Mississippi
Details surfaced from a social media posting highlighting a series of near-miss incidents on the lower Mississippi River near…
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Maritime News
Oregon’s Port of Portland to Suspend Container Operations as Losses Grow
Oregon’s only ocean seaport, the Port of Portland, informed shippers yesterday that it plans to suspend container operations as…
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Maritime News
Oregon’s Portland Seaport to Suspend Container Operations as Losses Grow
Oregon’s only ocean seaport, the Port of Portland, informed shippers yesterday that it plans to suspend container operations as…
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Maritime News
Maersk Losses Containers Overboard in North Sea with Debris Washing Ashore
There are widespread reports of debris washing up on beaches along the northern part of Denmark’s North Sea shoreline…
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Maritime News
US Gulf of Mexico Oil Production Losses Lead to Cargo Cancellations
U.S. oil offshore losses remained at 76% on Thursday after Hurricane Ida hit the Gulf of Mexico, according to government…
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Maritime News
Global Reinsurers Stare at Massive Losses from Suez Canal Blockage
The 400-metre (430-yard) long Ever Given got wedged diagonally across the canal in high winds early last Tuesday, blocking the…
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Port News
Crude tankers racking up large losses
Crude tankers are racking up significant losses. The Baltic Exchange reported yesterday that the TD3 between the Middle East Gulf…
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