commercial shipping risks Archives

Pirate Kidnappings Soar in Waters off the West African Coast

The number of kidnappings reported off the West African coast in the year through September is 40% higher than the same period in 2019, according to the International Maritime Bureau. Piracy ...

With Ship Crews Stuck in Lockdown, Global Supply Chains Are Strained

Port restrictions and canceled flights are straining the ability to replace seafarers on board ships, further weakening global supply chains already snarled by the coronavirus pandemic. Hubs like ...

Insurers Puzzle Over Risks Shipping Industry Faces With New Pollution Rules

Faced with imminent new global marine pollution rules, shipping companies and insurers are puzzling over the risks. To reduce emissions of toxic sulfur that cause premature deaths, shipowners who ...

Two Oil Tankers Damaged in Suspected Attack Near Persian Gulf

Two oil tankers were damaged on Thursday in a suspected attack near the entrance to the Persian Gulf, stoking fears that high-stakes diplomatic efforts won't avert a military confrontation between ...