Severe drought has caused water levels in the Mississippi River to drop so low that ships have been running aground. To keep commerce flowing, the U.S. Army Corps of Engineers is now using a dredge ship to push out silt in the river near Vicksburg, Mississippi. The chief of navigation for the corps told local […]
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The growth of the shadow tanker fleet, estimated at almost 600 vessels, is likely to pose safety and environmental concerns, Allianz Global Corporate & Specialty SE (AGCS) said in its Safety & Shipping Review 2023. The development of the shadow oil tanker fleet is the latest consequence to challenge shipowners, their crew and insurers more […]
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As the COVID-19 pandemic recedes, global shipping is experiencing a shift in operations. According to the world’s largest shipping association, BIMCO, liner operators increased average sailing speeds by up to 4% during the pandemic to accommodate strong demand and port congestion. In contrast, the first quarter of 2023 saw a 4% year-over-year decrease in average sailing […]
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Shipping’s ongoing evolution of improving its safety, security, health, environmental and operational performance makes this a defining time for the industry. MIS Marine’s Americas Executive Gonzalo Mera Truffini explains how building a better understanding of a vessel’s entire risk portfolio through Marine Assurance can act as a springboard to support the most complex situations concerning the environment […]
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