Greek Ship Attacked in Red Sea by Houthis Arrives in Port of Aden With Cargo February 20, 2024 By Jonathan Saul The Greek-flagged bulk cargo vessel Sea Champion arrived in the southern Yemeni port of Aden on Tuesday after being attacked...
Seafarers Can Refuse to Sail Through Red Sea as Houthis Step Up Attacks: Industry February 20, 2024 By Jonathan Saul Seafarers have the right to refuse to sail on ships passing through the Red Sea in a new industry agreement...
Update: Tankers Tied to the Russian Oil Trade Grind to Halt Following US Sanctions February 13, 2024 By Julian Lee and Alex Longley A chunk of the vast fleet of tankers that Russia uses to deliver its crude oil is grinding to a...
The Oil Was From Iran. The Insurance Was From New York February 9, 2024 By Zachary Mider and Zeke Faux Last June, a rusting tanker named Sincere 02 picked up oil at an Iranian port and steamed across the Persian...
US, UK Ship Investors Hit by Soaring Red Sea Insurance: Sources February 8, 2024 By Jonathan Saul and Carolyn Cohn War underwriters have raised the premiums they charge to US, British and Israeli firms by as high as 50% for...
UK Navy Warns of Piracy Menace to Ships in Indian Ocean January 31, 2024 By Alex Longley The UK Navy posted an advisory to merchant ships in the Indian Ocean warning of pirate activity, a sign of...
Houthi Attacks Awaken Somali Piracy on Ships Avoiding Red Sea January 26, 2024 Piracy off Somalia’s coast has increased since maritime security was disrupted by Houthi militants’ attacks on ships in the Red...
Alta Signa Launches European Marine Division January 19, 2024 European boutique managing general agent (MGA), Alta Signa Europe B.V., announced the launch of a new European marine underwriting business....
Insurers Seek to Exclude US, UK Ships From Red Sea Coverage January 17, 2024 By Alex Longley and Áine Quinn Some ship insurers are starting to avoid covering US and UK merchant ships against war risks when they navigate the...
Red Sea War Risk Insurance Rises With More Ships in Firing Line January 16, 2024 By Jonathan Saul War risk insurance premiums for shipments through the Red Sea are rising after further attacks on merchant vessels by Yemen’s...