Brexit Red Tape Puts Valentine’s Day Thorn in UK Flower Trade February 14, 2024 By Phil Noble Giraffe Flowers in Manchester, northern England, is preparing for the annual Valentine’s Day rush but florists fear that Brexit trade...
US, UK Ship Investors Hit by Soaring Red Sea Insurance: Sources February 8, 2024 By Jonathan Saul and Carolyn Cohn War underwriters have raised the premiums they charge to US, British and Israeli firms by as high as 50% for...
Red Sea Turmoil Sends Economic Shockwaves Across the Globe January 24, 2024 By Enda Curran, Jana Randow and Alex Longley Two months of missile, drone and hijacking attacks against civilian ships in the Red Sea have caused the biggest diversion...
Insurers Seek to Exclude US, UK Ships From Red Sea Coverage January 17, 2024 By Alex Longley and Áine Quinn Some ship insurers are starting to avoid covering US and UK merchant ships against war risks when they navigate the...
Red Sea War Risk Insurance Rises With More Ships in Firing Line January 16, 2024 By Jonathan Saul War risk insurance premiums for shipments through the Red Sea are rising after further attacks on merchant vessels by Yemen’s...
US Merchant Vessel Struck by Anti-Ship Missile as Shippers Told to Avoid Red Sea January 16, 2024 By Alex Longley Houthi militants hit a US-owned commercial vessel with an anti-ship ballistic missile on Monday, underscoring warnings that the world’s most...
Houthi Attacks on Shipping in Red Sea Persist; U.S. and Allies Strike Back January 12, 2024 The United States and Britain carried out strikes from the air and sea against Houthi military targets in Yemen in...
If China Invades Taiwan, It Would Cost World Economy $10 Trillion January 11, 2024 By Jennifer Welch, Jenny Leonard, Maeva Cousin, Gerard DiPippo and Tom Orlik War over Taiwan would have a cost in blood and treasure so vast that even those unhappiest with the status...
Oil Tankers Continue Red Sea Movements Despite Houthi Attacks January 9, 2024 By Georgina McCartney and Arathy Somasekhar Oil and fuel tanker traffic in the Red Sea was stable in December, even though many container ships have rerouted...
Global Shipping Firms Continue to Pause Red Sea Shipments After Weekend Attack January 3, 2024 By Terje Solsvik and Vera Eckert Denmark’s Maersk and German rival Hapag-Lloyd said on Tuesday their container ships would continue to avoid the Red Sea route...