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...
Update: London Marine Insurers Widen High Risk Zone in Red Sea as Attacks Surge December 18, 2023 London’s marine insurance market has widened the area in the Red Sea it deems as high risk after a surge...
Shipping Firms Avoid Red Sea as Attacks From Iran-Backed Houthi Militants Rise December 18, 2023 Iranian-backed Houthi militants in Yemen have stepped up attacks on vessels in the Red Sea to show their support for...
Maersk Tankers’ Fleet of Fuel Carriers Could Opt to Avoid Red Sea as Attacks Escalate December 15, 2023 By Alaric Nightingale Maersk Tankers is to insist its fleet of fuel carriers have the option to avoid the Red Sea following an...
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...
Red Sea Shipping Costs Rise After Houthis Target More Commercial Vessels December 13, 2023 By Jonathan Saul The cost of shipping goods through the Red Sea is rising as Yemen’s Houthis step up attacks on ships they...
Houthi Militants Hit Fuel Tanker With Missile in Vital Red Sea Trade Artery December 12, 2023 By Dana Khraiche, Mohammed Hatem and Alaric Nightingale A fuel tanker was struck by missile as it navigated the Red Sea, the latest in a string of incidents...
Maury, Donnelly & Parr Acquires Maryland Agency December 11, 2023 Baltimore-based insurance agency Maury, Donnelly & Parr, Inc. has acquired another Maryland agency, Wetzel & Lanzi, Inc. Wetzel & Lanzi...
Shadow-Fleet Oil Tanker Runs Aground Near Singapore December 8, 2023 By Bloomberg News A shadow-fleet oil tanker that had previously falsified its location to avoid detection on digital ship-tracking systems ran aground near...
Maersk Introduces Risk Surcharge on Shipments to Israel to Cover Insurance Costs December 7, 2023 Shipping group A.P. Moller-Maersk said on Thursday it will introduce a risk surcharge next year on container shipments to Israel...