It was a bad day for one boat owner in SWFL, after stunning video captured his $1.5 million yacht burning up in flames.

Mary didn’t know anything was wrong with her old Ford SUV when it was loaded onto a container ship in Europe in mid-2015. But she found out the hard way when it caught fire below deck, taking $45 million worth of other cars with it, causing another $55 million in damage to the vessel and its cargo, and sparking a legal fight between two car companies and the U.S. Department of Justice that remains ongoing.

The National Insurance Crime Bureau’s (NICB) 2017 watercraft theft report shows a 5 percent decrease and resumes the downward trend in thefts that was broken by 2016’s slight increase.

A man who damaged a Tuckerton marina and other boats has entered a guilty plea. The Ocean County Prosecutor’s Office announced that Bruce Roslin entered a guilty plea April 12 for the charge of second-degree conspiracy to commit theft by deception.

Following 43 hours of scouring the Mississippi River, the U.S. Coast Guard has suspended the search for two men missing from a tugboat that capsized near Chalmette, Coast Guard officials said Tuesday night (March 13).

Responsible for carrying 90% of the world’s trade, the shipping industry is the backbone of the global economy. Allianz reports that the international marine cargo industry transports goods with an estimated value of $4.5 trillion annually.

The Coast Guard is warning mariners about navigation hazards after 70 cargo containers fell off a ship near the coast of North Carolina Saturday night.

At least 15 people were injured when a fire engulfed a boat off the coast of Florida on Sunday, causing the 50 people aboard to jump into the Gulf of Mexico and swim to shore, local officials said.

A boat explosion was reported Tuesday on the Miami River, authorities said. People watched the incident unfold from nearby boats.

Debris from Monday’s “devastating” storm littered the state Tuesday as Mainers cleaned up and attempted to get back to their daily routines in the face of widespread power outages and property damage.

The U.S. Coast Guard reported Friday that the oil barge B255 caught fire early on Friday at a position about three miles off the harbor entrance at Port Aransas, Texas. The barge was under tow by the ATB tug Buster Bouchard at the time of the incident.

The owner of a tall ship that crashed into four other boats in Rhode Island after a seafood festival is blaming the incident on a dock line that became entangled on its two propellers. The SSV Oliver Hazard Perry crashed Sunday in Newport Harbor.

American International Group expects to record insurance losses of roughly $3 billion during the third quarter from the recent hurricanes and earthquakes.

Tropical Storm Nate formed off the coast of Nicaragua on Thursday and it was expected to drench parts of Central America and Mexico before potentially hitting the U.S. Gulf Coast as a hurricane over the weekend.

Preliminary data on the total cost of damage caused by Hurricanes Harvey and Irma is finally coming in, and analysts are projecting hundreds of billions in losses thanks to the damage caused by both weather events.