War risk insurance premiums for shipments through the Red Sea are rising after further attacks on merchant vessels by Yemen’s Houthi movement and the expectation that ships with a UK or U.S. connection will be targeted, insurance sources said on …
Houthi militants hit a US-owned commercial vessel with an anti-ship ballistic missile on Monday, underscoring warnings that the world’s most important trade artery remains too risky for navigation. The Gibraltar Eagle, sailing under the flag of the Marshall Islands, was …
Ukraine is discussing military risk insurance for air transportation with insurance broker Marsh and consulting firm Oliver Wyman, Ukraine’s National Security and Defense Council said on Friday. Air traffic over Ukraine has been suspended since Russia’s full-scale invasion in February …
The United States and Britain carried out strikes from the air and sea against Houthi military targets in Yemen in response to the movement’s attacks on ships in the Red Sea. The Houthis have been targeting vessels in the southern …
Oil and fuel tanker traffic in the Red Sea was stable in December, even though many container ships have rerouted due to attacks by Iran-aligned Houthi militants, a Reuters analysis of vessel tracking data showed. The attacks have driven up …
There are growing signs that Russia’s oil flows might be facing disruption in the aftermath of a ramp up in US sanctions targeting traders and shipping companies moving the nation’s petroleum. Over the past month or so, a total of …
Denmark’s Maersk and German rival Hapag-Lloyd said on Tuesday their container ships would continue to avoid the Red Sea route that gives access to the Suez Canal following a weekend attack on one of Maersk’s vessels. Both shipping giants have …
Hapag-Lloyd will continue to divert its vessels around the Suez Canal for security reasons, a spokesperson for the German container shipper said on Friday, adding a further assessment would be made on Jan. 2. Mitsui O.S.K. Lines and Nippon Yusen, …
A Panama-flagged bulk carrier that was headed to a River Danube port to load grain hit a Russian mine in the Black Sea on Wednesday, injuring two crew members, Ukrainian officials said on Thursday. It was the latest incident of …
Half of the container-ship fleet that regularly transits the Red Sea and Suez Canal is avoiding the route now because of the threat of attacks, according to new industry data. The tally compiled by Flexport Inc. shows 299 vessels with …
