Suspected Attack on 2 Oil Tankers Near Strait of Hormuz Stokes Fears of War June 13, 2019 By Verity Ratcliffe, Anthony DiPaola and Bruce Stanley Two oil tankers were damaged on Thursday in a suspected attack near the entrance to the Persian Gulf, stoking fears...
Large Shipping Losses in 2018 Drop to Lowest Level this Century but New Risks Emerge June 4, 2019 Large shipping losses declined by more than 50% in 2018 from the previous year – their lowest level this century,...
Oil Tankers in the Persian Gulf Face Highest Risk Since 2005 May 22, 2019 By Alex Longley Not since 2005 have the world’s insurers considered shipping in the Persian Gulf so dangerous for oil tankers. The Joint...
Violations of IMO 2020 Emissions Rules for Shipping Could Hit Insurance Cover May 20, 2019 By Jonathan Saul Tougher rules on sulfur emissions from ships will come into effect next year in the biggest shake-up for the oil...
London Marine Insurers Expand Middle East Threat Zone After Saudi Ship Attacks May 17, 2019 By Jonathan Saul London’s marine insurance market has extended the list of waters deemed high risk to include Oman, the United Arab Emirates...
Insurer Says Iran’s Guards Likely Facilitated Saudi Tanker Attacks: Reuters May 17, 2019 By Jonathan Saul and Gwladys Fouche Iran’s elite Revolutionary Guards (IRGC) are “highly likely” to have facilitated attacks last Sunday on four tankers including two Saudi...
Oil, Gas Shippers Brace for Rise in Insurance Premiums After Saudi Ship Attacks May 16, 2019 By Florence Tan and Yuka Obayashi Asian shippers and refiners have put ships heading to the Middle East on alert and are expecting a possible rise...
London’s Marine Insurers to Assess Risk Level After Ship Attacks in Middle East May 16, 2019 By Jonathan Saul London’s marine insurance market will meet on Thursday to assess whether it needs to change the risk level for vessels...
Explosion on Oil-Industry Ship in Caspian Sea Injures 14 People May 10, 2019 An explosion has struck an oil-industry vessel in the Caspian Sea, injuring 14 people, the ship’s operator, Italian engineering firm...
UN Shipping Agency Seeks to Clamp Down on Rogue Shipping Companies April 5, 2019 By Jonathan Saul The United Nations’ shipping agency is working on tougher measures to clamp down on rogue shipping companies trying to use...