Many Americans believe climate change climate change is likely to cause some cities to be lost to rising sea levels, and they also expect mass displacement of people and serious damage to the global economy, a new poll shows. A YouGov survey on climate change and the environment shows respondents think climate change is likely […]
Most Americans Believe Cities Will Be Lost to Rising Sea Levels Read More »
The cost of insuring ships sailing through the Black Sea is surging again, as spiraling attacks on vessels underscore the growing risk of hauling commodities through the region. Underwriters are now charging about 1% of the value of a ship for calls at any port in the region, according to people involved in the market.
Surging Oil Tanker Insurance Points to Growing Black Sea Chaos Read More »
Drones struck two oil tankers in the Black Sea on Tuesday, including one chartered by U.S. oil major Chevron, the companies involved said, as they sailed toward a terminal on the Russian coast. Both were en route to the Yuzhnaya Ozereyevka terminal, a loading point for around 80% of Kazakh oil destined for international markets
Drones Hit Two Tankers in Black Sea, Driving Up War Insurance Costs Read More »
A Russia-bound oil tanker suffered a drone attack in the Black Sea that prompted it to request Turkish coastguard assistance and divert from its course, according to a notice by Lloyd’s List Intelligence and a separate maritime security source on Thursday. Maritime data specialist Lloyd’s List Intelligence said the Palau-flagged Elbus vessel “experienced an unmanned
Russian-Bound Tanker Hit by Drone in Black Sea, Maritime Sources Say Read More »
Insurance rates for ships calling at ports in the Black Sea are surging after a series of Ukrainian attacks on vessels with links to Moscow. The cost of covering visits to Russian ports in the Black Sea has jumped more than threefold, according to Marsh, the world’s largest insurance broker. Rates were between 0.25% and
Black Sea War Risk Insurance Soars 250% After Ship Attacks Read More »
A fourth Russia-connected tanker in under a week was attacked on Tuesday, a sharp uptick in strikes on Moscow-associated shipping as the war in Ukraine nears a fifth year. The tiny oil and chemicals tanker Midvolga-2 was sailing across the Black Sea to Georgia from Russia hauling sunflower oil when it was attacked about 80
Yet Another Russia-Linked Tanker Gets Attacked in the Black Sea Read More »
The cost of shipping commodities through the Black Sea climbed on Monday after Ukrainian naval drones hit two tankers heading to a Russian port, with fears of further attacks driving up war risk insurance costs, industry sources said. The Black Sea is crucial for the shipment of grain, oil and oil products. Its waters are
Black Sea Shipping Insurance Rates Rise After Ukraine Attacks on Tankers, Sources Say Read More »
An oil tanker carrying diesel suffered four external explosions near Dakar, Senegal, its manager said, the third vessel with links to Russia to have been struck over the last few days. Seawater entered the engine room of the Mersin, Besiktas Shipping said in a statement on its website. The vessel remains stable, crew are safe
Third Russia-Linked Oil Tanker Suffers Explosions at Sea Read More »
If heat-trapping pollution from burning coal, oil and gas continues unchecked, thousands of hazardous sites across the United States risk being flooded from sea level rise by the turn of the century, posing serious health risks to nearby communities, according to a new study. Researchers identified 5,500 sites that store, emit or handle sewage, trash,
Sea Level Rise Threatens Thousands of US Hazardous Sites, Study Finds Read More »
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