Red Sea Turmoil Sends Economic Shockwaves Across the Globe January 24, 2024 By Enda Curran, Jana Randow and Alex Longley Two months of missile, drone and hijacking attacks against civilian ships in the Red Sea have caused the biggest diversion...
Insurers Seek to Exclude US, UK Ships From Red Sea Coverage January 17, 2024 By Alex Longley and Áine Quinn Some ship insurers are starting to avoid covering US and UK merchant ships against war risks when they navigate the...
US Merchant Vessel Struck by Anti-Ship Missile as Shippers Told to Avoid Red Sea January 16, 2024 By Alex Longley Houthi militants hit a US-owned commercial vessel with an anti-ship ballistic missile on Monday, underscoring warnings that the world’s most...
Half of Red Sea Container-Ship Fleet Avoids Route on Threat of Attacks December 28, 2023 By Brendan Murray and Alex Longley Half of the container-ship fleet that regularly transits the Red Sea and Suez Canal is avoiding the route now because...
Shipping Insurance for Red Sea Transit Soars After Mounting Houthi Attacks December 20, 2023 By Alex Longley, Ruth Liao and Yongchang Chin The cost of insuring vessels that will transit the Red Sea jumped again this week after mounting attacks in the...
Red Sea Merchant Shipping Starts to Grind to a Halt as Houthis Step Up Attacks December 19, 2023 By Rachel Graham, Brendan Murray and Alex Longley Shipping in the Red Sea is grinding to a halt with oil tankers idling and container vessels rerouting around Africa...
Lloyd’s Adds Guyana to Risky Shipping List Amid Escalating Dispute With Venezuela December 19, 2023 By Kevin Crowley and Alex Longley One of the world’s most-influential insurance markets added Guyana to its list of the riskiest shipping zones amid an escalating...
Armed Guards on Tanker Exchange Fire With Boat Near Yemen December 14, 2023 By Rakteem Katakey and Alex Longley Armed guards on a fuel tanker exchanged gunfire with a small boat in the Red Sea, another sign of escalating...
Attacks on Red Sea Shipping Menace 12% of Global Trade as War Risk Premiums Rise December 6, 2023 By Alex Longley and Áine Quinn Fresh attacks on vessels in the Red Sea are raising insurance premiums for ships in the region and menacing commerce...
US Warns of Growing Threats to Ships Sailing Through Red Sea November 28, 2023 By Alex Longley A spate of attacks on merchant shipping near Yemen and Somalia, likely triggered by the war in Gaza, have prompted...