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...
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...
War Risk Insurance Rates Edge Up After Surge in Red Sea Ship Attacks December 5, 2023 By Jonathan Saul War risk insurance premiums edged up for Red Sea voyages after three vessels were attacked in the area on Sunday...
Multiple Commercial Vessels Attacked in Red Sea December 4, 2023 Three commercial vessels came under attack in international waters in the southern Red Sea, the U.S. military said Sunday, as...
Maersk Reaches Settlement Over Ship That Blocked Suez Canal December 1, 2023 By Christian Wienberg A.P. Moller-Maersk A/S settled a Danish lawsuit against the companies behind a ship that blocked the Suez canal in 2021,...
Red Sea Attacks on Ships Spark Safety Concerns for Sailors November 30, 2023 By Jonathan Saul Commercial ships face increasing dangers at sea after armed groups have attacked and seized vessels in waters around the Red...
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...