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...
Ukraine Says Russian Missile Hits Second Grain Ship October 8, 2024 By Kateryna Chursina, Olesia Safronova and Aliaksandr Kudrytski Russia targeted a ship loaded with Ukrainian grain with a ballistic missile Monday — the second in two days —...
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...
Ukraine Says Russian Strike on Danube Port Town Kills Three September 27, 2024 By Olesia Safronova and Irina Vilcu Ukrainian authorities said at least three people were killed by a Russian strike against a Danube River port that was...
Beirut Flights Canceled, Delayed Amid Fears of Israeli Attack July 29, 2024 By Lisa Barrington Flights to and from Beirut airport were canceled or delayed on Monday as tensions escalated between Israel and armed political...
Somali Piracy Revives Sharply After Years of Quiet July 22, 2024 By Eleanor Thornber Somali piracy — the scourge of merchant shipping more than a decade ago — has had a resurgence this year,...
Cargo Ship Sustains Damage After Houthi Attack in Gulf of Aden July 19, 2024 A Singaporean-flagged cargo vessel was hit by Yemen’s Houthi missiles in the Gulf of Aden on Friday, forcing it to...
Crew of Capsized Oil Tanker Off Oman Still Missing, Maritime Center Says July 16, 2024 The 16-strong crew of a Comoros-flagged oil tanker that capsized off Oman are still missing, the country’s maritime security center...
Houthi Threat Triggers Surge in Pirate Attacks Off Somalia Coast July 5, 2024 By Simon Marks Attacks by Iran-backed Houthi militants on the Red Sea have reinvigorated piracy networks in Somalia, with criminal groups growing in...