Geopolitical Conflict Could Cost Global Economy $14.5 Trillion Over 5 Years: Lloyd’s October 10, 2024 By L.S. Howard The global economy could be exposed to losses of US$14.5 trillion over a five-year period from the threat of a...
Houthis Warn Shipowners in New Phase of Red Sea Campaign: Prepare to Be Attacked October 3, 2024 By Renee Maltezou and Jonathan Saul On a warm spring night in Athens, shortly before midnight, a senior executive at a Greek shipping company noticed an...
AXA, Aircraft Lessor DAE Clinch Deal as UK Battle Over Jets Seized in Russia Kicks Off October 3, 2024 By Kirstin Ridley and Sam Tobin Aircraft lessor Dubai Aerospace Enterprise (DAE) has secured a settlement with insurer AXA over jets retained in Russia since the...
Global Insurers Fight London Court Battle Over Jets Seized in Russia October 2, 2024 By Kirstin Ridley and Sam Tobin Insurers are playing “pass the liability parcel” in a desperate fight against multi-billion dollar claims over aircraft stranded in Russia...
Explosive-Packed Drone Boat Slams Into Oil Tanker in Red Sea October 1, 2024 By Salma El Wardany An explosive-laden drone boat slammed into an oil tanker as it sailed past the coast of Yemen, a sign Israeli...
Sanctioned Tanker With LNG Cargo Passes via Suez Canal, Data Shows October 1, 2024 The Pioneer tanker, sanctioned by the United States over its links to Russia-sourced liquefied natural gas (LNG), has passed through...
EU Navy Starts Towing Stricken Red Sea Oil Tanker Hit by Houthis September 16, 2024 By Paul Wallace The European Union’s naval force said it managed to connect tug boats to a burning oil tanker in the Red...
Burning Houthi-Hit Oil Tanker Set for Fresh Rescue Effort September 13, 2024 By Alex Longley Specialist salvage teams are set to renew efforts to remove a blazing oil tanker that’s been stuck in the Red...
Brokerage Giants Aon, Marsh Unite In Call for Industry Aid to Ukraine September 9, 2024 Highlighting the existence of blanket exclusions in reinsurance contracts for risks originating in the region impacted by the ongoing Russia...
Salvage of Stricken Oil Tanker in Red Sea Expected in Coming Days, Sources Say August 30, 2024 By Renee Maltezou A salvage operation to recover a Greek registered oil tanker stranded in the Red Sea after an attack by Houthi...