shipping News
Global Supply Chain Woes Worsen, With Major Ports Facing Long Delays
Global supply chain problems look set to worsen, a new report published on Tuesday said, as China's COVID-19 lockdowns, Russia's invasion of Ukraine and other strains cause even longer delays at ...
Insurance Companies Won’t be Covering Suez Shipping ‘Lost Expenses’ Costs
The owners and charterers of ships unable to sail through the the Suez Canal for nearly a week face at least $24 million in expenses they will be unable to recoup as their insurance policies do not ...
Hackers Attack Norwegian Shipbuilder
A group of hackers executed a successful attack this week on shipbuilder Fincantieri SpA's Norwegian unit, an Italy-based representative for the company said, confirming local reports. Servers at the ...
Shipping Industry Starts Embracing Retro Tech as Cyber Threat Deterrence
The risk of cyber attacks targeting ships' satellite navigation is pushing nations to delve back through history and develop back-up systems with roots in World War Two radio technology. Ships use ...
2015 Was Safest Year for Shipping in the Last Decade: Allianz
The shipping industry saw its safest year in a decade in 2015, according to a new report from Allianz Global Corporate & Specialty (AGCS), with 85 total losses reported worldwide last year, down ...
Mississippi River Floods Disrupt Shipping
Floods after heavy rain shut 5 miles of the Mississippi River, the biggest U.S. inland shipping channel, and waters were forecast to climb to record levels in parts of Missouri and Illinois later ...
Cyber Risks Emerging as Shipping Sector Threat: Allianz
Cyber risks are emerging as a new threat for the shipping sector even as ship losses have sunk to their lowest level in a decade, Allianz Global Corporate & Specialty concluded in a new study. ...
Willis Will Grab Majority Stake in Miller, Enabling Growth in Wholesale Market
Willis Group Holdings Plc, the third-largest insurance broker by market value, agreed to take a majority stake in Miller Insurance Services LLP to add shipping clients. Willis will take an 85 percent ...