Red Sea Shipping Costs Rise After Houthis Target More Commercial Vessels December 13, 2023 By Jonathan Saul The cost of shipping goods through the Red Sea is rising as Yemen’s Houthis step up attacks on ships they...
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...
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...
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...
EU Proposes to Ban Sale of Tankers to Russia to Curb Growth of Shadow Fleet November 17, 2023 The European Commission is proposing to ban the sale of tankers for crude oil and petroleum products to Russia to...
Deadly Explosion off Nigeria Points to Threat From Aging Oil Ships Around the World October 31, 2023 By Helen Wieffering and Grace Ekpu OKITIPUPA, Nigeria (AP) – It was the dead of night when the ship caught fire, Patrick Aganyebi remembers, but the...