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Horn News

27 Mar 2024

Insurers Brace for Multibillion Dollar Losses After Baltimore Ship Tragedy

(Photo: Baltimore County Police Department)

Baltimore's Francis Scott Key Bridge collapse could cost insurers several billions of dollars in claims, sources say, but it is too early to calculate the likely full financial losses of the tragedy that has shuttered one of the busiest ports in the United States.Six peopleare still missing after a collision with a Singapore-flagged container ship destroyed the landmark bridge on Tuesday, forcing the closure of the Port of Baltimore.With little clarity on when the port would re-open, insurers and analysts are now assessing the likely losses borne by underwriters across several product lines in

14 Mar 2024

Hijacked Ship May Have Been Used in Attack near Somalia

Source: EUNAVFOR

Somali pirates who seized the Maltese-flagged bulk cargo ship Ruen in December may have used the vessel in the takeover of a Bangladesh-flagged cargo ship off the coast of Somalia two days ago, the European Union naval force said on Thursday.Somali pirates caused chaos in important global waterways for a decade leading up to 2018, but had been dormant until a resurgence of attacks starting late last year.If confirmed, Tuesday's attack from a confiscated ship would mark a return…

12 Mar 2024

Armed Pirates Board Cargo Ship Off Somalia

© Venera / Adobe Stock

Twenty armed people have boarded a cargo ship off the coast of Somalia and have taken control of it, a maritime security firm said on Tuesday.The vessel is the latest to be targeted following a resurgence of attacks by Somali pirates in recent months although the maritime security firm, Ambrey, did not specify that it was Somali pirates who boarded the ship.Ambrey said the ship was a Bangladesh-flagged bulk carrier - a type of merchant ship used to transport large amounts of cargo…

07 Mar 2024

Ship Evacuated After First Civilian Fatalities in Houthis' Red Sea Attacks

(Photo: U.S. Central Command)

India's navy evacuated all 20 crew from a stricken vessel in the Red Sea on Thursday, after a Houthi attack killed three seafarers in the first civilian fatalities from the Yemeni group's campaign against the key shipping route.The Iran-aligned militants fired a missile at the Barbados-flagged, Greek-operated True Confidence on Wednesday about 50 nautical miles off the southern Yemeni port of Aden, setting it ablaze.In a statement, the owners and manager said all 20 crew and three…

12 Feb 2024

Foremost Group CEO Angela Chao Killed in Car Accident

Angela Chao (Photo: Foremost Group)

Angela Chao, chair and CEO of the Foremost Group, has died in a car accident, the New York-headquartered dry bulk shipping company announced on Monday.Angela Chao was an experienced and well-respected shipping executive, having worked her way up through several leadership positions at the company founder by her father, Dr. James S.C. Chao, with her mother, the late Ruth Mulan Chu Chao, in 1964.Before joining Foremost Group in 1996, Angela Chao worked in the mergers and acquisitions department of Smith Barney…

19 Jan 2024

'Seafarers Did Not Sign Up to Be Shot At'

© Igor Kardasov / Adobe Stock

In response to the escalating attacks on ships in the Red Sea, charity group Sailors' Society has initiated an urgent crisis appeal, shedding light on the severe human cost faced by seafarers caught in the conflict.Attacks by Yemen's Houthi militia on ships in the region since November have slowed trade between Asia and Europe, leading to widely reported supply chain disruptions and financial implications of rerouting ships.Sailors' Society said its appeal aims to draws attention to the danger posed to sailors by explosive drones and missiles.

02 Jan 2024

Ethiopia Signs Pact to Use Somaliland's Red Sea Port

Source: Somaliland Government

Landlocked Ethiopia signed an initial agreement with Somalia's breakaway region of Somaliland on Monday to use its Red Sea port of Berbera, Prime Minister Abiy Ahmed's office said.The Horn of Africa country currently relies on neighbouring Djibouti for most of its maritime trade."This has been now agreed with our Somaliland brothers and an MoU (Memorandum of Understanding) has been signed today," Abiy said at the signing ceremony with Somaliland President Muse Bihi Abdi in the Ethiopian capital…

18 Dec 2023

Bab al-Mandab Shipping Lane Becomes Target as Israel Fights Hamas

© AUUSanAKUL+ / Adobe Stock

Yemen's Houthis have been targeting vessels in the southern Red Sea and the Bab al-Mandab Strait in attacks that the Iran-aligned group says aim to support the Palestinians as Israel and Hamas wage war.Several freight firms including MSC, the world's largest container shipping line, said they would avoid the Suez Canal as a result, which could mean having to circumnavigate Africa instead.War risk insurance premiums have risen as a result.WHAT ARE THE RECENT HOUTHI ATTACKS?* Dec.

14 Dec 2023

Somali Pirates Are Back in Action, But Full Scale Return Unlikely

© andrej pol / Adobe Stock

An Iranian fishing vessel, Almeraj 1, was reportedly hijacked by Somali pirates in November 2023. According to media reports, the pirates demanded US$400,000 in ransom and threatened to use the Iranian ship for additional hijackings if the payment was not made.Two days later, other Somali pirates hijacked a tanker, Central Park, off the Yemeni coast. The tanker sent a distress signal during the attack. Forces from a nearby American warship captured the pirates as they tried to…

13 Dec 2023

Why the Indian Ocean Could be China's Achilles' Heel in a Taiwan War

© Igor / Adobe Stock

Every day, nearly 60 fully loaded very large crude-oil carriers sail between the Persian Gulf and Chinese ports, carrying about half of the oil that powers the world's second-largest economy.As the vessels enter the South China Sea, they ply waters increasingly controlled by China's growing military, from the missile batteries and airfields at its bases on disputed islands to its stealthy Type 055 destroyers.But when crossing the Indian Ocean, joined by others headed to China from Africa and Brazil…

04 Dec 2023

War Risk Insurance Rates Edge Up After Surge in Red Sea Ship Attacks

© momentscatcher / Adobe Stock

War risk insurance premiums edged up for Red Sea voyages after three vessels were attacked in the area on Sunday and fears grow over worsening perils for commercial shipping, maritime and insurance sources said on Monday.The incidents are the latest in a series of attacks in Middle Eastern waters since a brutal war between Israel and the Palestinian Islamist group Hamas broke out on Oct. 7.The three commercial vessels came under attack in international waters in the southern Red Sea, the U.S.

07 Jul 2023

Inside the Subsea Cable Firm Secretly Helping America Take on China

On Feb. 10 last year, the cable ship CS Dependable appeared off the coast of the island of Diego Garcia, an Indian Ocean atoll that’s home to a discreet U.S. naval base.Over the next month, the ship’s crew covertly laid an underwater fiber-optic cable to the military base, an operation code-named “Big Wave,” according to four people with direct knowledge of the mission, as well as a Reuters analysis of satellite imagery and ship tracking data.The new super-fast internet link to Diego Garcia, which has not previously been reported, will boost U.S. military readiness in the Indian Ocean, a region where China has expanded its naval influence over the last decade.The CS Dependable is owned by SubCom…

12 Oct 2022

Commercial Fishing Vessel Strikes Anchored Boat in Florida

(Photo: U.S. Coast Guard)

U.S. Coast Guard Sector Key West has issued a Captain of the Port order on a commercial fishing vessel involved in an allision with an anchored recreational vessel 2 miles northwest of the Seven Mile Bridge in Marathon, Fla.Based on witness statements collected by the Florida Fish and Wildlife Commission and Coast Guard boarding teams, the operator of the commercial vessel left the helm unattended for five to six minutes to check an engine alarm while allowing the vessel to proceed at approximately 22 knots.Immediately prior to the accident…

30 Aug 2022

UN Ships Food Relief from Ukraine to Drought-stricken Horn of Africa

A ship carrying wheat from Ukraine to the drought-stricken Horn of Africa docked on Tuesday, the United Nations said, the first to make the journey since the Russian invasion six months ago.The vessel Brave Commander is carrying 23,000 tonnes of grain and will soon be followed by another carrying 7,000 tonnes.The total shipment, which will be unloaded in Djibouti and transported to Ethiopia, is enough to feed 1.5 million people for a month.That barely begins to alleviate the problems of Eastern Africa, where the United Nations' World Food Programme says extreme weather, surging food prices and conflict mean 82 million people need food aid across nine countries - Burundi…

22 Aug 2022

Waters Near Somalia Removed from List of High-risk Piracy Areas

© remipiotrowski / Adobe Stock

An area of the Indian Ocean near Somalia—once known as a piracy hotbed—has been removed from the shipping industry's list of high-risk areas following more than a decade of military, political, civil society and the industry measures to secure the waters. No piracy attacks against merchant ships have occurred off Somalia since 2018.On Monday, shipping industry groups International Chamber of Shipping (ICS), BIMCO, International Marine Contractors Association (IMCA), INTERCARGO…

25 Jul 2022

USS Whidbey Island Decommissioned

USS Whidbey Island (LSD 41) (Photo: Rachael L. Leslie / U.S. Navy)

Whidbey Island-class dock landing ship namesake, USS Whidbey Island (LSD 41) held a decommissioning ceremony at Joint Expeditionary Base Little Creek-Fort Story, Va. on July 22 before its inactivation next month.The ship’s decommissioning ceremony was held on the quay wall, alongside the moored USS Whidbey Island. The ceremony was attended by nine of her previous Commanding Officers and over 50 plankowners. “The last crew of Whidbey Island performed with great dignity and resiliency,” said Cmdr. Matt Phillips, the ship’s final commanding officer.

11 May 2022

US Coast Guard Cutter Pablo Valent Commissioned

Crew members of the Coast Guard Cutter Pablo Valent man the ship during the commissioning ceremony at Coast Guard Sector St. Petersburg, Florida May 11, 2022. Pablo Valent, a Sentinel-class vessel, will be based in St. Petersburg and will operate throughout the Gulf of Mexico including the Florida Keys. (Photo: Ayla Hudson / U.S. Coast Guard)

The U.S. Coast Guard commissioned the 48th Sentinel-class fast response cutter (FRC) Pablo Valent (WPC 1148) into service at Coast Guard Sector St. Petersburg, Fla., Wednesday.Rear Adm. Brendan McPherson, commanding officer of the Coast Guard Seventh District, presided over the ceremony. Cecilia Guillot, Valent’s great-niece, is the ship's sponsor.The cutter’s namesake Pablo Valent was originally from Corpus Christi, Texas, and joined the United States Life-Saving Service in 1912.

20 Jan 2022

Dredging Companies Keeping a Close Eye on New Infrastructure Dollars

© itsallgood / Adobe Stock

For dredging company executives, the recently passed $550 billion federal Infrastructure Investment and Jobs Act (IIJA) sits like the proverbial Horn-o’-Plenty, ready to disgorge billions of federal dollars for maritime, port, harbor, coastal, inland waterways and flood projects, many of which will require dredging. This is a really big deal because this new money will go toward existing projects, work that’s been on the books, so to speak, but, until now, couldn’t be funded.

20 Aug 2021

Pirates Attack Cargo Ship off Somalia

(Photo: EU NAVFOR)

On Friday, August 13, EU NAVFOR ATALANTA Joint Operation Centre received an alert according to which the Turkish-flagged cargo vessel Anatolia (IMO 9005869) was under attack by a skiff with four or five armed persons on board.Reportedly, the skiff attempted to approach the vessel and opened fire with small arms and rocket-propelled grenades (RPG). One of these RPG caused damage in the vicinity of the bridge. After almost two hours of exchange of fire between the assailants and the privately contracted armed security personnel on board…

15 Jun 2021

Bodies Wash up on Yemen Coast after Migrant Boat Reportedly Sinks

Illustration only - Migrant boat/ Credit;giannis/AdobeStock

A number of bodies washed up at Ras al-Arah on Yemen's Red Sea coast on Monday from a suspected migrant boat that sank offshore, a local official said.The stretch of coast is notorious for the smuggling of migrants from the Horn of Africa into Yemen.Residents in Ras al-Arah said bodies had washed up at dawn on Monday. A boat sank around 18 nautical miles off the coast of al-Mokha, the local official said.The perilous sea journey from Horn of Africa countries including Ethiopia…

02 Mar 2021

US Destroyer Docks in Sudan for the First Time in Decades

Guided-missile destroyer USS Winston S. Churchill (DDG 81). (Photo: John Philip Wagner, Jr. / US. Navy)

A U.S. naval destroyer docked on Sudan’s Red Sea coast on Monday in the latest sign of thawing relations with the United States, a day after a visit by a Russian frigate.The visits are a sign of international competition for influence in Sudan, which sits in a volatile region bridging the Horn of Africa, the Gulf, and North Africa, following the 2019 overthrow of long-time ruler Omar al-Bashir.Some 300 marines standing at attention aboard the USS Winston S. Churchill were greeted by a Sudanese military band in Port Sudan…

28 Jan 2021

Analyzing Attacks at Sea: It's Not All Piracy

© remipiotrowski / Adobe Stock

Pirate attacks against merchant ships off the African coast have been reported regularly over the past decade. And despite measures to suppress it, Somalia-based piracy remains a concern. On the other side of the continent, the Gulf of Guinea is now viewed as presenting a much more serious piracy problem.Last year a record 130 crew members were kidnapped in 22 separate incidents, according to the International Maritime Bureau. The cluster of attacks in November and December has…

04 Dec 2020

Vietnam: FSO Golden Star Receives First Condensate

FSO Golden Star - Credit: MISC

Malaysia Vietnam Offshore Terminal's FSO Golden Star has received the first condensate at the Sao Vang and Dai Nguyet (SVDN) Project offshore Vietnam.MVOT is a 51% MISC Berhad (MISC) owned joint venture with PetroVietnam Technical Services Corporation (PTSC). The condensate delivery milestone was achieved on November 16, 2020, MISC said Friday. FSO Golden Star with a storage capacity of about 700,000 barrels of condensate was converted and sailed away from Malaysia Marine and Heavy Engineering’s West Yard on September 10…