Companies in Ukraine See Problems Pile Up; Insurance Issues Make Matters Worse February 29, 2024 By Marc Jones and Olena Harmash German supermarket chain Metro and its 3,400 employees in Ukraine have worked hard to get their business back to where...
Houthis Say They Could Reassess Red Sea Attacks if Israeli ‘Aggression’ Stops February 28, 2024 By Jonathan Saul and Mohamad Ghobari Yemen’s Houthis said on Tuesday they could only reconsider their missile and drone attacks on international shipping in the Red...
Damaged Subsea Cable in Red Sea Highlights Telecom Vulnerability February 27, 2024 By Olivia Solon A subsea cable off the coast of Yemen that connects Europe to India has been damaged, and the telecommunications carrier...
Houthi Attack on Ship Led to ‘Environmental Disaster,’ US Says February 26, 2024 By John Harney The missile attack by Houthi militants on a ship carrying a cargo of fertilizer has led to an “environmental disaster”...
Houthis to Step Up Red Sea Strikes, Use ‘Submarine Weapons’, Leader Says February 23, 2024 By Jonathan Saul and Nayera Abdallah Yemen’s Iran-aligned Houthis claimed responsibility for an attack on a UK-owned cargo ship and a drone assault on an American...
Greek Ship Attacked in Red Sea by Houthis Arrives in Port of Aden With Cargo February 20, 2024 By Jonathan Saul The Greek-flagged bulk cargo vessel Sea Champion arrived in the southern Yemeni port of Aden on Tuesday after being attacked...
Seafarers Can Refuse to Sail Through Red Sea as Houthis Step Up Attacks: Industry February 20, 2024 By Jonathan Saul Seafarers have the right to refuse to sail on ships passing through the Red Sea in a new industry agreement...
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...
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...