marine insurance News

Oil Tanker Attacked Last Year Crosses Red Sea as Houthi Ceasefire Holds

Liberian-flagged crude oil tanker Chrysalis, which was attacked by Yemen’s Houthis last year, sailed through the Red Sea this week, the Suez Canal said on Monday, in one of the first voyages since the militia announced a halt in attacks …

US, UK Ships Return to Red Sea After Houthis Vow to Hold Fire

British and American ships are tentatively returning to the Red Sea after Yemen’s Houthi rebels vowed to hold off attacks on vessels linked to both nations, a sign that traffic on one of the world’s main trade routes could normalize …

Crew Abandon HK-Flagged Container Ship in Red Sea After Fire: Sources

The crew of the Hong Kong-flagged ASL Bauhinia have abandoned the container ship in the Red Sea after it caught fire on Tuesday, two maritime sources said, adding the cause of the incident was not immediately clear. The crew were …

Sweden Seizes Ship Suspected of Sabotage in Baltic Sea

Sweden detained a vessel suspected of damaging a subsea data cable connecting it with Latvia, the third such incident in the Baltic Sea in the past three months. The Security Service said it’s conducting a preliminary investigation into the crime …

‘Geoeconomic Fragmentation’ Challenges Insurers: Geneva Association

A January 2025 report from the Geneva Association, titled “Insurance in a Fragmented World Economy,” found that geopolitical tensions have driven the global economy toward “geoeconomic fragmentation.” Geoeconomics refers to the intersection of geopolitical forces and economic policies. The report …

India Widens Approvals for Russian Insurers After Oil Sanctions

India widened backing for Russian insurers as the largest buyer of Moscow’s seaborne crude strives to keep discounted barrels flowing, after the US imposed fresh sanctions earlier this month. As well as extending approvals for some sanctioned providers, India’s Directorate …

Houthis Say US and UK Ships Can Safely Take Red Sea Passage

The Houthis said they will stop attacking US and UK vessels in the Red Sea area in response to the Israel-Hamas ceasefire agreement after a year-plus campaign that’s upended global trade. Ships belonging to US and UK individuals or entities …

Red Sea Trade Route to Remain too Risky Even After Gaza Ceasefire: Industry Executives

Companies transporting their products around the world are not ready to return to the Red Sea trade route in the wake of a Gaza ceasefire deal because of uncertainty over whether Yemen’s Houthis will continue to attack shipping, industry executives …

Tanker Under US Sanctions Discharges Oil at Chinese Port: LSEG Data

A tanker subject to the new U.S. sanctions is discharging Russian oil at a port operated by Shandong Port Group in east China, shipping data on LSEG Eikon showed on Thursday. The tanker is the first since last week’s sanctions …

Maritime Sources Expect Houthis to Halt Red Sea Attacks After Gaza Deal

Maritime security officials said on Thursday they were expecting Yemen’s Houthi militia to announce a halt in attacks on ships in the Red Sea, after a ceasefire deal in the war in Gaza between Israel and the militant group Hamas. …