A small cargo ship was on fire after being hit by three projectiles while sailing in the Gulf of Aden, marking the second significant incident in two days and a fresh ramp up of attacks. The attack on the Verbena …
A commodity carrier was taking on water after being hit by a drone near Yemen, the latest incident underscoring the dangers of sailing through the Red Sea region. The UK Navy said Wednesday that a ship was hit by a …
A bulk carrier has taken on water and is leaning to the side after being attacked while sailing through the Red Sea, underscoring the continuing risks facing ships trying to navigate a waterway long critical to global trade. The Laax …
Dubai flights have been severely disrupted and cars were left stranded on flooded roads after record rainfall over the past day brought the city to a standstill. The United Arab Emirates experienced its heaviest downpour since records began in 1949, …
A salvage crew climbing up a fire-ravaged ship lined with barbed wire. A French naval vessel fighting off combat drones. And seafarers navigating through the looming risks of encountering Somali pirates. These are scenes from a perilous mission that began …
An oil tanker seized by Iran on Thursday was carrying Kuwaiti crude and had a crew of 24 Indians, according to the operator. The US has demanded the immediate release of the the Marshall Islands-flagged Advantage Sweet, which was travelling …
Traders of Russian commodities are rushing to set up businesses in Dubai as Switzerland makes it increasingly challenging for them to deal with Moscow. Switzerland has for decades been home to middlemen helping to match Russian producers with buyers all …
The Suez Canal may be open again, but the battle over damages from the waterway’s longest closure in almost half a century is just beginning. With cargoes delayed for weeks if not months, the blockage could unleash a flood of …
Some of the world’s biggest reinsurers are bracing for potential losses running into tens of millions of euros after last week’s explosion that ravaged much of downtown Beirut. Property damage alone from the blast, which killed more than 150 people …
Iranian forces were likely responsible for the attacks that occurred Thursday on two tankers in the Gulf of Oman, according to a report seen by Bloomberg from DNK, the insurer of one of the ships. The Norwegian insurer has raised …
