Passenger Marine Transportation

Luxury yacht insurance coverage supplier OMAC is hull carrier for sunken luxury yacht in Sicily, sources state

Luxury yacht insurance coverage supplier OMAC is the provider on the hull for the Bayesian, a 56metrelong (184ft). sailboat, that was hit by a relentless storm on Monday, sinking. off the northern coast of Sicily, two sources with knowledge of. the matter stated. The syndicates providing insurance coverage include Travelers. Companies Inc, Navium Marine and Convex, while British. Marine is the security and indemnity (P&I) insurance supplier,. the sources stated. Reuters could not establish the value of the yacht or what. the worth of potential claims might be. Ships usually have P&I insurance coverage, which covers third-party. liability claims consisting

Ground Transportation

China's senior tourists could be a silver lining for travel companies

Ship reports little arms fire off Eritrea, says Ambrey

A merchant vessel reported being approached with making use of small arms fire in waters 92 nautical miles northeast of Eritrea's Massawa port in Red Sea waters adjacent to Yemen's coast, British maritime security company Ambrey said on Thursday. The UK Maritime Trade Operations (UKMTO) stated quickly after that it received a sighting report of a little boat with armed persons onboard, running in close proximity to a. small coastal truck, approximately 95 nautical miles. northeast of Massawa. Authorities are examining, UKMTO's advisory note added. No group has actually yet claimed the attack. The Iran-aligned Houthi militants have launched repeated.

Passenger Marine Transportation

Sources say that Iran's oil is now being exported to new countries.

Yemen's Houthis claim first attack on shipping lanes in two weeks

Yemen's Iranaligned Houthi motion stated on Sunday that it targeted the MV Groton vessel in the Gulf of Aden, claiming its first attack on shipping lanes because Israel performed a vindictive airstrike in Hodeidah port on July 20. Houthi military spokesperson Yahya Saree stated in a televised declaration that the ship was attacked by ballistic rockets. British maritime company UKMTO and British security firm Ambrey stated on Saturday that the vessel was targeted by a. rocket 125 nautical miles east of Yemen's port of Aden. Both said the ship did not sustain damage and that no water. entry or oil

Passenger Ground & Sea Transportation

How Iranian oil link could complicate insurance claims after tankers clash off Singapore

An accident between 2 tankers off Singapore in July raises questions over insurance coverage claims, as one of the vessels formerly delivered Iranian oil, possibly complicating payments due to Western sanctions, shiptrackers and industry sources state. WHAT HAPPENED? The Singapore-flagged Hafnia Nile and the Sao Tome and Principe-flagged Ceres I clashed and caught fire about 55 km ( 35 miles) northeast of the Singaporean island of Pedra Branca on July 19. No oil spill has actually been detected, only a sheen thought to be from damage to the Hafnia Nile's bunker tank, Malaysia's Marine Department said. The vessel, which was

UK ship insurance provider West sees problems paying claims with sanctions-hit Russian company