Maritime Insurance Premiums Surge as Iran Conflict Widens
As the conflict in the Gulf widens, maritime insurance premiums for war coverage are surging -- in some cases by more than 1000% -- dramatically driving up
Maritime Security News Blog
As the conflict in the Gulf widens, maritime insurance premiums for war coverage are surging -- in some cases by more than 1000% -- dramatically driving up
Belgium detained Russian oil tanker Ethera and imposed a €10 million bail after discovering 45 violations including sailing under a false Guinean flag. The
Iran conflict has transformed container shipping from overcapacity concerns to a sudden supply crunch, with 750 ships trapped and insurers refusing coverage.
London's marine insurance market has expanded the Gulf high-risk zone to include Bahrain, Djibouti, Kuwait, Oman and Qatar as the Middle East conflict
By Emily Chow and Jeslyn Lerh SINGAPORE (Reuters) – Marine insurers are cancelling war risk coverage for vessels and oil shipping rates are set to surge
At least 150 tankers dropped anchor in Gulf waters after U.S.-Israel strikes on Iran, with Tehran threatening to close the Strait of Hormuz—a chokepoint for
Oil and gas tankers are avoiding the Strait of Hormuz after ships received radio broadcasts purporting to ban transit following US-Israel strikes on Iran. A
U.S.-Israeli strikes on Iran and Tehran's retaliatory attacks across the Persian Gulf are disrupting oil exports from a region that supplies 20% of global
The U.S. Navy declared a maritime warning zone across the Persian Gulf after strikes on Iran prompted retaliation, with oil majors suspending shipments through
Sweden shot down an unidentified drone near France's Charles de Gaulle aircraft carrier docked in Malmo. French Foreign Minister calls it a "ridiculous
The US State Department revoked visas for Chile's Transport Minister and two other officials over a proposed undersea telecommunications cable linking Chile to
Australian frigate HMAS Toowoomba transited the Taiwan Strait as part of an Indo-Pacific deployment, prompting tracking by China's PLA Navy. Beijing claims the
Ukrainian drones struck Russia's Taman seaport on the Black Sea, damaging fuel tanks and port terminals just days before Russian and Ukrainian negotiators meet
The Indian Coast Guard seized three tankers that it said were involved in oil smuggling, the first sign of the country getting tough on the so-called dark
President Trump signed an executive order enabling tariffs on countries trading with Iran but did not immediately impose duties. The policy threatens major
U.S. and Russia agreed to restore military-to-military communication after a 3-year freeze. The channel aims to reduce miscalculation risks in the Black Sea,
Estonian authorities released the Russia-bound Baltic Spirit early Wednesday after finding no drugs despite a helicopter-borne SWAT operation. The failed
By Ben Blanchard TAIPEI, June 6 (Reuters) – Taiwan accused China on Friday of raising tensions in the region with a “provocative” military
By Francesca Stevens May 3, 2025 (Bloomberg) —Vietnam lodged a formal protest against China and the Philippines for activities that it said violate
Iraqi naval forces have seized an unidentified ship in Iraqi territorial waters in the Gulf suspected of smuggling fuel, the naval forces said in a
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