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...Insurance for shipping is a small part of its portfolio. The company says it still has “reinsurance relationships with some non-Russian entities”....
...About 500 of the incidents were located in the waters of Indonesia, making the archipelago by far the worst affected by shipping oil slicks....
...That means earnings for shipping companies and their shareholders also have a tendency for exaggerated cyclicality....
...Many shipping companies have since December diverted sailings away from the Red Sea and Suez Canal to routes to avoid attacks by Yemen’s Houthi rebels....
...But, like others in the sector, Gahagan was sceptical that shipping companies would continue to pay for security advice once the current, immediate threats went away....
...The ongoing saga involving the UK’s largest water company took a new turn yesterday after Thames Water said its shareholders were unwilling to stump up £500mn of fresh equity....
...The idea is to support profitable investment that aligns with water-related sustainability goals — from aquaculture companies investing in fish farms that make more efficient use of water, to utility companies...
...Entry into and departure from ports are danger points in a vessel’s journey — so ships navigating in confined waters typically take on a pilot with local expertise....
...The vessel is operated by Geneva-based Mediterranean Shipping Company, the world’s biggest container shipping line....
...The 20 vessels identified by the FT and Danwatch were carrying a total of about 10mn barrels of oil, according to Kpler, a data and analytics company....
...The Marseille-based transport group, the world’s third biggest container shipping company, will also give up its seat on the board of Air France-KLM....
...The Houthis have hit four US-flagged commercial ships passing through waters near Yemen since November 19, according to the Pentagon....
...In practice, however, lax enforcement and apathy mean the high seas are what Heffernan calls “the wild west, a blue frontier”, where “iceberg cowboys” harvest pristine ice for luxury water, and would-be...
...Port of Baltimore for the time being,” the shipping line said....
...The group has launched 99 attacks in the Red Sea and surrounding waters — affecting 15 commercial ships, including four American vessels — since October....
...richard.waters@ft.com...
...The responsibility for keeping the trade artery open between east and west no longer lies with commercial shipping companies....
...The voyage was organised by Blue Fleet Group, another Beirut-based company....
...Lloyd’s List, the shipping news and analysis company, has estimated that if the EU carbon price remains between €80 to €90 per tonne of CO₂, total tax revenues from the coverage of shipping by the ETS could...
...The Ruen, owned by Bulgarian shipping company Navibulgar, had been seized by pirates in December....
...“For vessels navigating near the Red Sea, NYK has instructed waiting in safe waters and is considering route changes,” the company said. Other natural gas tanker operators are also changing routes....
...Global shipping companies have halted journeys through the Red Sea because of the threat of attacks by Yemeni rebels, in moves that could disrupt vital trade through the Suez Canal....
...Its registered owner is a company called Golden Adventure Shipping, with an address in the UK port of Southampton. It was not clear, however, who ultimately controlled the ship....
...Many shipping companies have responded by postponing journeys through the region — a crucial passage between Asia and Europe....
...Shipping water by sea is an expensive solution — as is the desalination process that distils the water. But the decision underscores the severity of the drought....
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