Shipping Costs Soar as War and Climate Risks Choke Key Waterways December 21, 2023 By Sharon Cho, Elizabeth Low and Serene Cheong Global shippers of crude and fuels are grappling with a spike in booking costs for some tankers taking lengthy diversions...
Yemen’s Houthis Vow More Attacks on Ships in Red Sea Despite US Naval Force December 21, 2023 By Henry Meyer and Omar Tamo Yemen’s Houthi rebels vowed to continue targeting ships in the Red Sea despite a US move to compile an international...
Shipping Insurance for Red Sea Transit Soars After Mounting Houthi Attacks December 20, 2023 By Alex Longley, Ruth Liao and Yongchang Chin The cost of insuring vessels that will transit the Red Sea jumped again this week after mounting attacks in the...
Shadow-Fleet Oil Tanker Insurer Gets Shut Down by Marshall Islands December 19, 2023 By Alaric Nightingale A company that offers insurance to the burgeoning shadow fleet of oil tankers — including one that ran aground off...
Red Sea Merchant Shipping Starts to Grind to a Halt as Houthis Step Up Attacks December 19, 2023 By Rachel Graham, Brendan Murray and Alex Longley Shipping in the Red Sea is grinding to a halt with oil tankers idling and container vessels rerouting around Africa...
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...