war risks News

Sweden Seizes Ship Suspected of Sabotage in Baltic Sea

Sweden detained a vessel suspected of damaging a subsea data cable connecting it with Latvia, the third such incident in the Baltic Sea in the past three months. The Security Service said it’s conducting a preliminary investigation into the crime …

Houthis Say US and UK Ships Can Safely Take Red Sea Passage

The Houthis said they will stop attacking US and UK vessels in the Red Sea area in response to the Israel-Hamas ceasefire agreement after a year-plus campaign that’s upended global trade. Ships belonging to US and UK individuals or entities …

Red Sea Trade Route to Remain too Risky Even After Gaza Ceasefire: Industry Executives

Companies transporting their products around the world are not ready to return to the Red Sea trade route in the wake of a Gaza ceasefire deal because of uncertainty over whether Yemen’s Houthis will continue to attack shipping, industry executives …

Maritime Sources Expect Houthis to Halt Red Sea Attacks After Gaza Deal

Maritime security officials said on Thursday they were expecting Yemen’s Houthi militia to announce a halt in attacks on ships in the Red Sea, after a ceasefire deal in the war in Gaza between Israel and the militant group Hamas. …

Baltic Sea Cable Cuts Can’t Be Accident, EU Tech Chief Says

The European Union’s new digital chief, Henna Virkkunen, suggested the repeated damage to undersea cables in the Baltic Sea couldn’t be fully accidental, as leaders from the region prepare to gather for a NATO summit devoted to the topic. “It …

Oil Tanker Linked to Subsea Cable Damage Has Serious Deficiencies, Finland Says

Finland’s public transport agency said on Wednesday that an oil tanker suspected of damaging undersea cables in the Baltic Sea has been found to have serious deficiencies and will not be allowed to operate until repairs have been made. Baltic …

Finland’s Elisa Says Baltic Undersea Cables Were Torn Apart by External Force

Two undersea telecommunications cables that were damaged in the Baltic Sea on Dec. 25 appeared to have been torn apart by a strong external force, Finland’s Elisa said on Monday, adding that they had now been repaired. Baltic Sea nations …

The Wartime Risk Insurers Making Fortunes Keeping Trade Moving

Inside faceless office buildings scattered around London, a niche corner of the insurance market is keeping hundreds of billions of dollars in commodity trade moving through some of the world’s most dangerous waters. As conflicts rage in the Middle East …

Finland Power Grid Operator Asks Court to Seize Oil Tanker Over Cable Damage

Finland’s national power grid operator said on Thursday it had asked a Helsinki court to seize the Eagle S oil tanker in a bid to secure the company’s claim for damages related to the breakdown of the undersea Estlink 2 …

Owner Seeks Release of Oil Tanker Seized in Finland Cable Probe

The owner of an oil tanker seized by Finland on suspicion of breaking an undersea power line and four telecoms cables in the Baltic Sea last week is seeking the release of the ship, a lawyer representing the company said …