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...
Russia’s Flagship Oil Rises Above G-7 Sanctions Cap, but Does Little to Impede Services August 22, 2023 By Alex Longley The price of Russia’s flagship oil may have jumped above a Group of Seven imposed cap but that has done...
Ukraine in Talks With Insurers to Start Program to Cover Ships Hauling Grain Exports August 22, 2023 By Alex Longley and Volodymyr Verbyany Ukraine’s government is in talks with insurers to start a new program to cover ships hauling grain through some of...
Ukraine’s Drone Attack Hasn’t Yet Jolted Insurance Costs for Black Sea Oil Carriers August 8, 2023 By Alex Longley, Megan Durisin and Julian Lee A drone attack on a Russian oil tanker and a warning from Kyiv that more could follow has so far...
Russia-Linked Oil Tanker Fleet Vanishes Even Faster Than It Grew July 11, 2023 By Julian Lee and Alex Longley A fleet of tankers that sprouted up out of nowhere to keep Russia’s oil moving has disbanded even faster than...
Russia’s Aging, Dark Fleet of Oil Tankers Gets Infusion of Newer Ships July 3, 2023 By Alex Longley and Serene Cheong An armada of tankers ferrying sanctioned oil around the globe is starting to get younger, bucking a months-long trend of...
Singapore Detains Record Number of Oil, Chemical Tankers as Dark Fleet Grows June 1, 2023 By Alex Longley Singapore’s detentions of oil and chemicals tankers have surged since early last year, highlighting growing concerns over the environmental and...