According to a Jan 28 Reuters report, Munich Re expects insurance premiums against high sea piracy to rise, as well as the risk of piracy in the world.
(Source: Reuters)
Plans to increase toll charges for the Panama Canal are ‘rushed, excessive and likely to cause further problems for shipping companies’ given the fragile state of economic recovery,
The fervor to move shipping routes and energy business north of the Arctic Circle is palpable, as countries with physical connection and even ‘non-Arctic’
Ulstein Group delivers solid results for 2011. The group had an operating income of $350m and an operating profit of $42.3m. At the end of 2011, Ulstein Group had an order reserve of $383.2m.