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At a Glance Four Vessels Worked Five Pacific Cable Systems Simultaneously Four Chinese state-owned research vessels conducted surveys directly above five Pacific cable systems this summer. Pacific Light Cable Network, Hawaiki, Bulikula, Honotua, and Juno. Each shows the same behavioral profile of sustained low speed, grid tracklines, and multi-day dwell in position, consistent with systematic…

At a Glance Underwriting Is a Pricing Decision Made on Incomplete Data Underwriters carry the pricing decision at two moments in the coverage process. At binding, the underwriter takes compliance’s assessment of the vessel and its operating context, applies actuarial models and loss history, and sets premium and terms. At renewal, the underwriter takes the…

At a Glance OFAC Doubled the Retention Period in 2025 On March 12, 2025, OFAC’s extended recordkeeping requirement took effect, doubling the retention period for records of transactions subject to its regulations from five years to ten. The final rule followed an interim rule published in September 2024 and adopted it without change. The driver…

At a Glance The Canal Is Cutting Capacity in the Wrong Season The Panama Canal Authority will run nine daily slots at the Neopanamax locks and 25 at the Panamax locks from September 4, averaging 34 transits per day. That falls again on September 15, when the limit drops to 32 ships. The canal had…