Sasikant Parameswaran
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Soaring war risk insurance rates underscore rising tensions
War risk insurance premiums for shipments to Israel have surged dramatically, now reaching levels up to three times higher than they were just a...
Kongsberg Discovery to acquire underwater acoustics Leader Sonatech
Kongsberg Discovery has announced the signing of an agreement to acquire Sonatech, a US-based expert in underwater acoustics.
The acquisition is expected to close later...
IMO urges swift action following UN Ocean Conference commitments
Following the conclusion of the United Nations Ocean Conference (9–13 June, Nice, France), IMO Secretary-General Arsenio Dominguez has called for countries to swiftly translate...
Port of Long Beach sees decline in May
May 2025 cargo volumes at the Port of Long Beach fell 8.2% year-on-year, as tariffs and retaliatory trade measures disrupted normal freight flows.
However, with...
