Articles by Olivia Konotey-Ahulu, Prejula Prem and Alex Longley

Pirates Attack Oil Tanker in West Africa, Kidnapping Another Crew

An oil tanker was attacked on Sunday in West Africa’s Gulf of Guinea and most of its crew were kidnapped, the latest in a string of incidents highlighting the security risks to shipping in the region. The vessel — an …

War Risk Insurance Premiums Surge for Oil Tanker Owners After Gulf Attacks

Oil tanker owners face spiraling insurance costs to load cargoes from the world’s largest crude-export region after the latest round of attacks on vessels. War risk premiums that owners pay each time they go to the Persian Gulf have now …

Insurance Rates for Crude Oil Tankers to Jump After Gulf Attacks

Oil tanker owners are turning increasingly nervous about loading cargoes from the world’s largest export region for crude after the latest round of attacks on vessels. Both owners and the companies that charter their ships paused bookings on Thursday as …

Oil Tankers in the Persian Gulf Face Highest Risk Since 2005

Not since 2005 have the world’s insurers considered shipping in the Persian Gulf so dangerous for oil tankers. The Joint War Committee of London’s Lloyd’s Market Association said Friday that it would expand its so-called “listed areas” — those regions …

UK, France, Germany Huddle on Iran Oil Tanker Insurance

If European powers are to succeed in holding together a nuclear deal with Iran that the U.S. abandoned a week ago, then one issue they’ll need to consider is the insurance of oil tankers hauling the Persian Gulf country’s crude. …

Oil Shippers Face Insurance Uncertainty with Return of U.S. Sanctions on Iran

Oil tanker owners are facing a nervous wait to find out whether they can carry on doing business with Iran after President Trump said on Tuesday he was reinstating a raft of sanctions against the Persian Gulf country. The return …

Storm Ophelia Set to Slam Coast of Ireland; Extreme Winds, Flooding Expected

Irish authorities warned some of the worst weather conditions to hit the country in 50 years will endanger lives, as Storm Ophelia’s remnants batter the coast with “extreme” conditions. Met Eireann, the nation’s weather service, extended its most severe warning …

Hermine Weakens As It Hits Florida Panhandle; Some Flooding, Power Outages Expected

Hermine, the first hurricane to strike Florida since 2005, has weakened to a tropical storm as it moves inland, after threatening soy and cotton crops and leaving large swaths of the region at risk of blackouts. Hermine’s top winds were …

New York-Based Insurer Says U.S. Has Lifted Sanctions for Iranian Oil Cargoes

A U.S.-based insurer to the global shipping industry said it got government authorization to cover non-American companies transporting oil from Iran, potentially helping the Persian Gulf country to revive exports of crude and petroleum products following the lifting of sanctions …