war risks News

Global Insurers Fight London Court Battle Over Jets Seized in Russia

Insurers are playing “pass the liability parcel” in a desperate fight against multi-billion dollar claims over aircraft stranded in Russia since the invasion of Ukraine two years ago, lawyers for aviation lessors told a London trial on Wednesday. Mark Howard, …

Ukraine Says Russian Strike on Danube Port Town Kills Three

Ukrainian authorities said at least three people were killed by a Russian strike against a Danube River port that was repeatedly attacked last year after it became a lifeline for key exports amid the Kremlin’s invasion. Fourteen others, including a …

Beirut Flights Canceled, Delayed Amid Fears of Israeli Attack

Flights to and from Beirut airport were canceled or delayed on Monday as tensions escalated between Israel and armed political group Hezbollah after a strike in the Israeli-occupied Golan Heights killed 12 children and teenagers. Air France said on Monday …

Somali Piracy Revives Sharply After Years of Quiet

Somali piracy — the scourge of merchant shipping more than a decade ago — has had a resurgence this year, the industry’s main observer of the crime said. There were eight acts of piracy and hijackings in the first half …

Cargo Ship Sustains Damage After Houthi Attack in Gulf of Aden

A Singaporean-flagged cargo vessel was hit by Yemen’s Houthi missiles in the Gulf of Aden on Friday, forcing it to return to its last port of call to assess the damage. Iran-aligned Houthis launched ballistic missiles and drones towards the …

Crew of Capsized Oil Tanker Off Oman Still Missing, Maritime Center Says

The 16-strong crew of a Comoros-flagged oil tanker that capsized off Oman are still missing, the country’s maritime security center said on Tuesday, a day after the sinking was reported. The crew of “Prestige Falcon” comprised 13 Indian nationals and …

Houthi Threat Triggers Surge in Pirate Attacks Off Somalia Coast

Attacks by Iran-backed Houthi militants on the Red Sea have reinvigorated piracy networks in Somalia, with criminal groups growing in both number and force, a European naval commander said. The Yemen-based Houthis began attacking vessels in the Red Sea last …

Abandoned Tanker Lavant Has Likely Sunk Off Yemen, Sources Say

An abandoned tanker that was drifting off Yemen’s coast in June has disappeared and is believed to have sunk, three navy and security sources said, the latest vessel lost in the strategically important Red Sea. The area, on the main …

Houthis Escalate Red Sea Danger With Explosive Drone Attacks

Yemen’s Houthis are sending drone boats packed with explosives into the Red Sea as they intensify their attacks on merchant ships that have little defense against the “sophisticated shift” in tactic, maritime security sources say. Iran-aligned Houthi militants first launched …

Here Are the Legal Battle Lines in Ireland’s Multi-Billion Euro Russian Jet Trial

The opening salvos have been fired in a 2.5 billion euro ($2.7 billion), Irish court battle between some of the world’s largest aircraft lessors and their insurers over around 80 jets stranded in Russia. Dublin’s High Court earlier this month …