Drone-Sinking of Coal Ship Boosts Red Sea Perils, Drives Surge in Insurance Costs June 20, 2024 By Alex Longley The sinking of a coal-carrier by a sea drone has boosted the risk of navigating the vital Bab el-Mandeb chokepoint...
Shipping Industry Urges Red Sea Action as Houthis Sink Second Vessel June 20, 2024 By Jonathan Saul Urgent action must be taken in the Red Sea to stop attacks on merchant shipping by Yemen’s Houthis, leading industry...
Ship Hit by Yemen’s Houthis in Red Sea Has Sunk, UK Navy Says June 19, 2024 By Alex Longley A vessel hit by a sea drone in the Red Sea last week has sunk, the UK Navy said, the...
Houthi-Stricken Cargo Carrier’s Crew Abandons Ship Due to Fire June 17, 2024 By Tony Czuczka Crew members of a bulk cargo carrier struck by Houthi missiles abandoned ship Saturday after they couldn’t get fires on...
Ship on Fire Near Yemen After Second Attack in as Many Days June 14, 2024 By Alex Longley, Verity Ratcliffe and Kateryna Kadabashy A small cargo ship was on fire after being hit by three projectiles while sailing in the Gulf of Aden,...
Commodity Ship Hit by Drone Near Yemen Is Taking on Water June 13, 2024 By Verity Ratcliffe, Alex Longley and Kateryna Kadabashy A commodity carrier was taking on water after being hit by a drone near Yemen, the latest incident underscoring the...
Aon Launches $350M Insurance Program to Boost Capital Investments in Ukraine June 12, 2024 Insurance broker Aon plc announced a $350 million, first-of-its kind insurance program with the U.S. International Development Finance Corporation, designed...
US Military Confirms Houthi Missile Strikes on Two Ships in Gulf of Aden June 10, 2024 By Lisa Baertlein Yemen’s Houthi damaged two commercial vessels in missile attacks in the Gulf of Aden in the last 24 hours as...
Israel Aims to Boost Red Sea Oil Deliveries Despite Environmental Risks May 31, 2024 By Ari Rabinovitch Israel plans to allow more oil tankers to dock at a Red Sea port in Eilat despite environmental risks, as...
EU Weighs Proposal to Sanction Russian Oil Tanker Insurer Ingosstrakh May 30, 2024 By Alberto Nardelli The European Union’s executive arm is examining the feasibility of a proposal by one of its member states to sanction...