war risk

Shipping

War Risk Premiums Surge Amid Renewed Red Sea Attacks

The insurance cost of shipping goods through the Red Sea has more than doubled in recent days after Yemen's Houthis attacked and sank two ships, killing at

Ports

ITF Calls for Warlike Operations Areas Designation for Strait of Hormuz

The International Transport Workers’ Federation (ITF) has formally requested that the Strait of Hormuz, Gulf of Oman, and Israeli ports be designated as

Shipping

Middle East Conflict Drives Spike in War Risk Insurance Costs

 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,

Shipping

War Risk Premiums for Israel Surge as Conflict With Iran Escalates

War risk insurance premiums for shipments to Israel are as much as three times higher than a week ago as the war between Israel and Iran entered its fifth day,

Shipping

BIMCO Updates War Risk Clauses Amid Red Sea Crisis and Global Maritime Threats

BIMCO, the world’s largest shipping association and one of the primary providers of standardized contracts and charter party agreements used in the