Passenger Marine Transportation

Ground Transportation

Red Sea Insurance Rates Stay Firm as US Airstrikes Raise Fears for Ships

Industry sources say that the cost of shipping goods across the Red Sea will remain stable after the United States conducted further airstrikes in Yemen on Monday. This has heightened fears about new attacks by Iran-aligned Houthis, who are targeted by Washington. The U.S. conducted airstrikes Saturday in response to threats by the Houthi Movement to threaten international shipping. Al Masirah TV, a Houthi-run TV station, said that the Houthis targeted the Red Sea port of Hodeidah on Monday and the Al Jawf Governorate, north of Sanaa, according to the Houthis. In January, Houthis announced that they would cease attacks...

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...

Transport Infrastructure

Trump is expected to sign an executive order on US Shipbuilding, according to sources

Three sources familiar with this matter say that U.S. president Donald Trump will sign an executive directive on Wednesday, aiming to re-energize U.S. shipbuilding while reducing China's hold on the global shipping sector. For years, Republican and Democratic U.S. legislators have warned of China's increasing dominance in the seas as well as the diminishing U.S. navy readiness. The draft executive order, seen by the, states that the U.S. will charge docking fees to any ship in a fleet of Chinese-built or Chinese flagged vessels. It also threatens to retaliate against allies who do not follow suit. Sources who declined to...

Transport Infrastructure

US pulls out of carbon talks with shipping and urges others to do the same - document

A diplomatic note stated that the United States had withdrawn from London talks on decarbonisation of shipping and Washington would consider "reciprocal actions" to offset any fees assessed to U.S. vessels. This week, delegates are meeting at the UN Shipping Agency's headquarters to discuss decarbonisation measures that will enable the shipping industry worldwide to achieve net zero emissions by "around 2020". A proposal submitted by a group of countries, including the European Union to the UN International Maritime Organization was aimed at reaching agreement on the first carbon levy in shipping for greenhouse gas (GHG). The United States has sent...