18 MAY 2025 India has approved three Russian insurers, including a unit of top lender Sberbank, to provide marine cover to ships arriving at Indian ports, a government notification shows, helping Moscow maintain oil supplies to a key market. India is the top buyer of Russian seaborne oil after China since Western nations …
Read More »WITH 90-DAY TARIFF WINDOW, IMPORTERS RUSH TO GET CHINESE GOODS
17 MAY 2025 Following the newly-announced pause on the White House’s 145 percent tariff on Chinese goods, many American importers are rushing to pay a lesser amount and get their goods into the United States now, avoiding the risk that the levy might go up again in future negotiations with Beijing. Many …
Read More »SUEZ CANAL TRIES TO WOO BACK SHIPS ANNOUNCING DISCOUNT FOR LARGE BOXSHIPS
16 MAY 2025 The Suez Canal Authority is intensifying its marketing efforts to woo back the world’s ships to the shipping route. In a concerted marketing effort, the authority is highlighting opportunities and adding financial incentives after a disastrous year in 2024. The canal is a major source of foreign …
Read More »INSURER COVERS COSTS WHEN PORT AGENT FAILS TO GET A PILOT FOR A SHIP
15 MAY 2025 The International Transport Intermediaries Club (ITIC) is highlighting how it stepped in to aid one of its customers when a simple oversight racked up large fees. The provider of professional indemnity insurance settled a claim that it acknowledges was a lack of communication that led to a …
Read More »MOORING LINES IN POOR CONDITION CAUSED CARGO RORO ENDURANCE TO BREAK FREE
14 MAY 2025 Worn-out mooring lines that were not replaced on time are being called the reason a US-flagged cargo RoRo broke free from its dock and out-of-control hit a pier and dry dock at the Port of Bremerhaven in Germany. Germany’s Federal Bureau of Maritime Casualty Investigation (BSU) issued …
Read More »ROBBERIES CONTINUE IN SINGAPORE STRAIT WITH SIX SHIPS HIT IN MAY
13 MAY 2025 ReCAAP (Regional Cooperation Agreement on Combating Piracy and Armed Robbery against Ships in Asia) is sounding the alarm as the robbery spree in the area around the Singapore Strait continues. The organization, which marked 20 years, is expressing concern and warning of the possibility of further incidents. …
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