Reinsurers Triple Ship Insurance Costs After US Torpedo Attack March 6, 2026 By Mihir Mishra and Saikat Das London-based ship reinsurers are canceling coverage and demanding 200% more to reinstate policies, after a U.S. sub sank an Iranian...
Lloyd’s Market Engaging With US on Gulf Maritime Plan, Officials Say March 5, 2026 By Jonathan Saul and Lisa Baertlein The Lloyd's of London market is engaging with the U.S. government over a plan to provide political risk insurance and...
Trump Says US Will Escort, Insure Oil Tankers Amid the Iran War March 4, 2026 By Jennifer A. Dlouhy, Ben Bartenstein and Ari Natter President Donald Trump said the U.S. would provide insurance guarantees and naval escorts to ensure safe passage for oil tankers...
Buyer’s Market: Low Terrorism Insurance Pricing Despite Rising Instability March 4, 2026 By Chad Hemenway Terrorism insurance pricing in the U.S. is hovering at an all-time low — a surprising reality at a time when...
Shipping CEO Says 10% of Global Container Fleet Caught in Hormuz Backup March 3, 2026 By Lisa Baertlein Container ships account for roughly 100 of the 750 ships backed up around the Strait of Hormuz following U.S. and...
Surging Oil Tanker Insurance Points to Growing Black Sea Chaos January 14, 2026 By Alex Longley The cost of insuring ships sailing through the Black Sea is surging again, as spiraling attacks on vessels underscore the...
Maryland Moves to Deny Liability Limit Sought by Ship Manager in Key Bridge Collapse September 5, 2025 By Andrew G. Simpson The manager of the cargo ship that caused the collapse of Baltimore’s Key Bridge in March 2024 should be denied...
EV-Carrying Ship Sinks in Pacific Ocean After Catching Fire June 25, 2025 By Alex Longley A ship that caught fire in the Pacific Ocean earlier this month has sunk. The vessel was abandoned in the...
Report Shows Cargo Theft Risk at All-Time Highs as Memorial Day Weekend Nears May 22, 2025 Cargo theft activity across the U.S. is on the rise with reported incidents in 2025 already reaching rates that exceed...
Baltic Sea Countries to Check Insurance on Tankers Moving Russian Oil December 16, 2024 By Ewa Krukowska, Alberto Nardelli and Sanne Wass Twelve European countries are set to clamp down on tankers that move millions of barrels of Russian petroleum around the...