Traffic through the Strait of Hormuz appeared to thin early on Friday, just a day after a burst of oil flows through the waterway as the US and Iran vowed to lift a dual blockade. No tankers were seen moving …
Hub International Limited (HUB), headquartered in Chicago, Illinois, appointed Paul Collins as Northeast area president, effective July 1. In this expanded role, Collins will continue to lead HUB Northeast while also assuming responsibility for HUB New England. Collins has been …
Iran and the United States are about to sign a peace deal that will reopen the Strait of Hormuz, the narrow waterway that carries about one-fifth of the world’s oil. Oil prices reacted quickly to the announcement of the tentative …
The Trump administration is dropping near-term plans to dismantle a $386 million federal ocean-observing system after encountering resistance from scientists and Congress. The National Science Foundation said Thursday it will pause efforts to decommission most of the Ocean Observatories Initiative, …
A new Lloyd’s market consortium has been launched to provide additional marine war risk insurance capacity for vessels and cargo transiting the Strait of Hormuz, Lloyd’s announced. Chubb will serve as lead underwriter, supported by participating Lloyd’s syndicates and specialist …
Demand for ocean divers who specialize in barnacle scraping is soaring as ships stranded in the Persian Gulf for more than three months prepare to disembark. The surge in orders for crews to clean ship hulls fouled by algae, slime …
Hiscox appoints Bailey as Head of Channel, Traded and Corix in the US Hiscox, with headquarters in Atlanta, appointed Lori Bailey as head of channel, traded and Corix. Bailey will report to Mary Boyd, CEO of Hiscox USA, and will …
Uber Technologies Inc. will offer driverless robotaxi rides in Houston in vehicles developed by Lucid Group Inc. and Nuro Inc., setting it up to challenge Waymo in the fourth-largest US city. Nuro is already testing the vehicles in Houston, but …
Expanding biofuel demand is a “powerful catalyst” to restore profitability to American farms, according to a new study, as harvests balloon and lawmakers consider broadening the market for corn-based ethanol. Climbing crop yields are creating persistent surpluses thanks to better …
Joshua Baer, the founder and chief executive officer of the venture capital firm Capital Factory, died Tuesday in a plane crash in South Texas, the Austin American-Statesman reported. Baer, a major player in the Texas technology and startup space, was …