Three Insurers Reject Chevron’s $57 Million Claim for Iran Oil Seizure May 9, 2024 Three insurance companies have rejected Chevron’s claim over the seizure last year of an oil cargo by Iran, according to...
Full Repairs to Damaged Red Sea Internet Cables Delayed by Yemen Political Splits May 8, 2024 By Mohammed Hatem and Olivia Solon Full repairs to three submarine internet cables damaged in the Red Sea in February are being held up by disputes...
Viewpoint: The 10 Major Risks Shaping Insurance Today May 8, 2024 By Robert Muir-Wood I readily admit that lists of top risks, top threats, and opportunities for insurance are well-trodden ground, and ranking risks...
Red Sea Disruption to Shipping Could Cut Asia-Europe Capacity by 20%: Maersk May 6, 2024 By Stine Jacobsen Disruption to Red Sea container shipping is rising, Maersk said on Monday, forecasting this will cut the industry’s capacity between...
Yemen’s Houthis Threaten Ships in Mediterranean Sea That Are Sailing to Israeli Ports May 3, 2024 Yemen’s Houthis will target ships heading to Israeli ports in any area that is within their range, military spokesman Yahya...
Yemen’s Houthis Rebels Attack Portuguese-Flagged Ship in First Deep-Sea Assault May 2, 2024 By Jon Gambrell A Portuguese-flagged container ship came under attack by a drone in the far reaches of the Arabian Sea, corresponding with...
Yemen’s Houthis Attack Four Ships in Indian Ocean, Red Sea May 1, 2024 By Nayera Abdallah and Enas Alashray Yemen’s Houthis said on Tuesday they targeted the MSC Orion container ship in a drone attack in the Indian Ocean...
Missiles Fired by Yemen’s Houthi Rebels Damage Panama-Flagged Oil Tanker in Red Sea April 30, 2024 By Jon Gambrell Ballistic missiles fired by Yemen’s Houthi rebels caused “minor damage” to a Panama-flagged oil tanker traveling through the Red Sea...
Update: Nord Stream Insurers Deny Policies Covered War Risks in UK Lawsuit April 18, 2024 Nord Stream’s insurers have denied that their policies provide cover for gas pipelines damaged by blasts in 2022 because the...
Broker Howden Launches Red Sea Cargo War Insurance as Ship Risks Surge April 17, 2024 By Jonathan Saul Howden has started offering war risk cargo insurance to cover vessels sailing through the Red Sea against drone and missile...