Russia Oil Fleet Shifts Away From Liberia, Marshall Island Flags as Sanctions Ramp Up March 6, 2024 By Jonathan Saul and Timothy Gardner Dozens of oil tankers used by Russia have stopped sailing under the Liberian and Marshall Islands flags in recent weeks...
Volkswagen Faces Pair of Lawsuits Over Claim Porsche EV Battery Sparked Ship Fire March 5, 2024 Volkswagen AG faces a pair of lawsuits in Germany over claims it was the battery in a Porsche electric vehicle...
Houthi Missile Damages MSC Container Ship in Gulf of Aden March 5, 2024 By Alex Longley and Mohammed Hatem Houthi militants attacked and damaged a Swiss-owned container vessel on Monday in the Gulf of Aden, as the Iran-backed group...
War Insurers Shrug Off Rubymar Sinking in Red Sea, Rates Stable March 4, 2024 By Jonathan Saul The cost of war risk insurance through the Red Sea remained stable on Monday despite the sinking of the Rubymar...
Ship Sunk by Houthis Threatens Red Sea Environment, Yemen Gov’t, US Military Say March 4, 2024 By Mohammad Ghobari A UK-owned ship attacked by Houthi militants last month sank in the Red Sea, the U.S. military confirmed on Saturday,...
Marsh McLennan, Ukraine, Lloyd’s Expand Insurance Facility for Non-Military Shipments March 1, 2024 Insurance broker Marsh McLennan, the Ukrainian government and Lloyd’s have announced a major expansion of the Unity insurance facility –...
Houthis Say They Could Reassess Red Sea Attacks if Israeli ‘Aggression’ Stops February 28, 2024 By Jonathan Saul and Mohamad Ghobari Yemen’s Houthis said on Tuesday they could only reconsider their missile and drone attacks on international shipping in the Red...
Damaged Subsea Cable in Red Sea Highlights Telecom Vulnerability February 27, 2024 By Olivia Solon A subsea cable off the coast of Yemen that connects Europe to India has been damaged, and the telecommunications carrier...
Trinidad and Tobago’s Government Confirms Fuel Oil Is Leaking off Tobago’s Coast February 26, 2024 Trinidad and Tobago’s government on Friday confirmed the refined product leaking from a barge that struck a reef and overturned...
Houthi Attack on Ship Led to ‘Environmental Disaster,’ US Says February 26, 2024 By John Harney The missile attack by Houthi militants on a ship carrying a cargo of fertilizer has led to an “environmental disaster”...