Russia’s Ministry of Transportation issued a statement condemning Ukraine and calling the attack on the gas carrier Arctic Metgas on Tuesday, March 3, terrorism. Its statement came as the Libyan Ports and Maritime Transport Authority reported the vessel had sunk overnight.

A Russian-controlled, sanctioned LNG carrier was set on fire in the central Mediterranean in a suspected kamikaze‑drone strike while transiting toward the Suez Canal, authorities and security firms said, though the precise cause remains unconfirmed. 

The Cyprus-based shipping investor said it attracted orders from “high quality” industrial and institutional investors. The company’s sponsor, Pelagic Partners, is contributing $48.1m through its managed funds, consisting of $17.56m in equity already injected and an additional $30.6m in fresh cash.

South Korean flagship HMM’s onshore union has vowed legal action and a potential general strike after major shareholders and the government moved to press ahead with plans to relocate the company’s headquarters from Seoul to Busan.

Areas of risks including hull war, piracy, terrorism and related perils have been extended today by the Joint War Committee (JWC).

President Trump’s remarks on insurance guarantees and naval escorts may be unrealistic or helpful, depending on the fine print.