Shipping Firms Begin Hiring Unarmed Guards for Voyages in Middle East Gulf July 17, 2019 By Jonathan Saul Shipping companies are hiring unarmed security guards for voyages through the Middle East Gulf as an extra safeguard after a...
Panama to Withdraw Flags from More Vessels that Violate Iran Sanctions: Reuters July 15, 2019 By Marianna Parraga and Elida Moreno Panama will withdraw its flag from more vessels that violate sanctions and international legislation, the country’s maritime authority told Reuters,...
UK Navy Stops Iran from Blocking BP Oil Tanker Leaving Persian Gulf July 11, 2019 By Tim Ross and Anthony DiPaola The British navy intervened to stop Iran from blocking a commercial oil tanker leaving the Persian Gulf, heightening friction just...
The Mounting Cost of Piracy off Coast of West Africa: Opinion July 3, 2019 By Tobin Harshaw, Bloomberg Opinion Remember those Somali pirates? Earlier this decade, they brazenly hijacked giant oil tankers, demanded ransoms in the millions of dollars,...
Insurance for Middle East Oil Shipments Soars to More Than $500,000 June 25, 2019 By Sheela Tobben The cost of insuring Middle East oil shipments is soaring as tensions mount in a region responsible for about a...
As Lloyd’s Jettisons Some Marine Insurance Lines, Opportunities Created for Rivals June 24, 2019 By Carolyn Cohn, Jonathan Saul and Suzanne Barlyn Rivals to Lloyd’s of London are riding a rising tide of marine insurance rates, leaving the 330-year-old market behind after...
Oil Shippers Continue Sailing Through Strait of Hormuz – with Heightened Security June 21, 2019 By Aya Batrawy A series of attacks on oil tankers near the Persian Gulf has ratcheted up tensions between the U.S. and Iran...
MS Amlin Names RSA’s Vogiatzidou as Senior Marine Underwriter in Dubai June 18, 2019 MS Amlin, the London-based re/insurer, announced the appointment of Mary Vogiatzidou to the role of senior marine underwriter. Vogiatzidou will...
Iranian Forces Were Likely Responsible for Attacks on Tankers, Says Insurer DNK June 17, 2019 By Verity Ratcliffe Iranian forces were likely responsible for the attacks that occurred Thursday on two tankers in the Gulf of Oman, according...
War Risk Insurance Premiums Surge for Oil Tanker Owners After Gulf Attacks June 17, 2019 By Alex Longley, Sheela Tobben and Ann Koh Oil tanker owners face spiraling insurance costs to load cargoes from the world’s largest crude-export region after the latest round...