Ship Hit in Red Sea as Israel Strikes Houthi-Controlled Ports
Multiple small vessels attacked a ship in the Red Sea near Yemen’s Al Hudaydah port, causing a fire on board and prompting the crew to abandon ship before the Israel...
Tag: marine war risks
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Vessels Near Strait of Hormuz Transmit Unusual Messages to Prevent...
Vessels near the Strait of Hormuz have been broadcasting unusual messages concerning nationality in a bid to avoid being attacked as doubts linger over the ceasefire between Israel and Iran,...
Middle East Tensions Boost Underwriting Risks Across Re/Insurers’ Portfolios: Report
Marine, aviation, cyber, and terrorism insurers face immediate underwriting pressures and potential accumulation losses as a result of heightened hostilities between Iran and Israel, according to Morningstar DBRS. In addition,...
Escalating Hormuz Tensions Drive Up Middle East War Risk Insurance...
U.S. and Israeli attacks on Iran and Tehran’s reprisals have doubled the price of insuring shipments to the Middle East and the Gulf in the last week, insurance sources said...
U-Turning Oil Supertankers Cross Hormuz After Avoiding It
Two supertankers, each capable of hauling about 2 million barrels of crude, headed through the Hormuz shipping strait at the mouth of the Persian gulf, having performed U-turns in the...
