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.

Following predictions of apocalyptic Hurricane Irma insurance losses, it appears as though the storm may be costly, but nowhere near the worst case scenario.

In the worst tidal surge since Hurricane Hugo, Irma’s wide, whirling bands thrashed coastal South Carolina on Monday with stinging rains and punishing floods that put vast swaths of the Lowcountry under water.

Evacuees from Hurricane Irma were early on Wednesday returning to the Florida Keys, where sunrise will give them a first glimpse of devastation that has left countless homes and businesses in ruins.

The full breadth of Hurricane Irma’s catastrophic attack on the Florida Keys is just now starting to emerge. Two days after Irma made landfall there, authorities and residents were finally able to reach some of the islands Tuesday.

Florida residents were racing to complete final preparations on Friday as Hurricane Irma, slightly weakened from its peak but still packing enormous destructive power, cast a dark shadow over the southern half of the Sunshine State.