Passenger Marine Transportation

Ground Transportation

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

Travel companies are betting that Chinese tourist could return to its prepandemic boom days if they modify tours to avoid high hikes, include nurses and healthcare professionals to their staff and deal discounts for the seniors they're targeting. As China's population quickly ages, and many in the middle-class face task unpredictability and a slowing economy, so-called silver tourist is on the increase, with more retirees, specifically in upscale seaside cities, venturing out in your home and abroad. A number of these seniors have accumulated considerable cost savings during 4 decades of eye-watering financial development, and they are more youthful than...

Passenger Marine Transportation

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...

Passenger Ground & Sea Transportation

Oil tankers on fire after colliding near Singapore, team saved

2 big oil tankers were on fire on Friday after clashing near Singapore, the world's biggest refuelling port, with 2 team members airlifted to healthcare facility and others saved from life rafts, authorities and among the tanker operators said. Singapore is Asia's biggest oil-trading center and the world's. largest bunkering port. Its surrounding waters are crucial trade. waterways in between Asia and Europe and the Middle East and amongst. the busiest international sea lanes. The Singapore-flagged tanker Hafnia Nile and the Sao Tome. and Principe-flagged tanker Ceres I were about 55 km (34 miles). northeast of the Singaporean island of...

Passenger Transportation Services

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...

Passenger Marine Transportation

Ukraine delays resumption of ferry services with Georgia, company says

Ukrainian ferryboat business Ukrferry has postponed the resumption of its ferry service with Georgia, which was stopped after Russia's invasion of Ukraine in 2022, according to the company's timetable. The company said last month it planned to resume services leaving from the Black Sea port of Chornomorsk from July 9. The trip was scheduled to show up in Georgia on July 12. The present timetable shows that the service now is planned for July 24. The company provided no description for the hold-up. The ferry service was stopped after the start of the Russian invasion of Ukraine in 2022. Its...

Passenger Ground & Sea Transportation

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

Paying claims for ships involved in mishaps or crashes with other vessels covered by sanctionshit Russian insurance company Ingosstrakh will show challenging, UK ship insurance provider West said, in another sign of problems with Moscow's oil trade. In June Ingosstrakh, which offers services to Russian oil exporters including ship insurance coverage cover, was added to the UK's. sanctions list of Russian entities in what the British. government stated became part of efforts to increase financial. pressure on Moscow. West is among 12 clubs providing security and indemnity. insurance to ships, which covers third-party liability claims. including ecological damage and injury....