Marine Insurers Set to Raise Rates After Red Sea Attacks on Merchant Ships January 13, 2021 By Jonathan Saul LONDON – Insurers are set to raise the cost of providing cover for merchant ships through the Red Sea after...
Marsh Sees Hike in Demand for Political Violence Insurance in Gulf After Tanker Attacks January 22, 2020 By Davide Barbuscia Marsh, one of the world’s largest insurance brokers and risk advisers, has seen a spike in clients’ inquiries for political...
Iranian Oil Tanker Struck, Probably by Missiles: Iran Media October 11, 2019 By Parisa Hafezi and Sylvia Westall An Iranian-owned oil tanker was struck, probably by missiles, in the Red Sea off Saudi Arabia’s coast on Friday, Iranian...
Frontline Expects Oil Tanker’s Return to Service in Q4, After June Gulf Attack August 27, 2019 An oil tanker that was set ablaze by a blast near the Strait of Hormuz in June will be back...
While Ships in Persian Gulf Turn Off Transponders to Avoid Seizure, Collision Risks Rise August 2, 2019 By L.S. Howard Following weeks of mounting tensions in the Persian Gulf where vessels have been attacked and an oil tanker has been...
Oil Tankers Cut Navigation Risks in Strait of Hormuz by Vanishing from Tracking Systems August 1, 2019 By Brian Wingfield and Julian Lee Oil tanker owners are finding a way to reduce the risks of navigating the Strait of Hormuz, the world’s most...
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...
Oil Tankers Steer Clear of Middle East Refueling Hub As Attacks, Insurance Costs Rise July 9, 2019 By Anthony DiPaola Oil tanker owners are avoiding sending their ships to the Middle East’s main refueling hub after a spate of attacks...
Iran Flexes Military Muscle in Persian Gulf, Amid Rising Tensions May 15, 2015 By David Lerman and Kambiz Foroohar With tensions over its roles in Yemen, Iraq and Syria already high, Iran is flexing its military muscle in the...
Iranian Boats Fired Shots Across Bow of Singapore-Flagged Ship in Persian Gulf May 15, 2015 By David Lerman Four Iranian patrol boats fired warning shots across the bow of a Singapore-flagged merchant ship in the Persian Gulf on...