Lloyd’s CEO Says It’s Critical Mideast War Cover Stays Available March 19, 2026 The Lloyd's of London insurance market will continue to provide cover for vessels traveling through the Strait of Hormuz even...
Shipping Insurance Costs to Cross Hormuz Soar After Vessel Attacks March 18, 2026 By Alex Longley Insuring vessels to sail through the Strait of Hormuz is still possible, even if at a very high cost, according...
State TV: 2 Strong Quakes Jolt Southern Iran, 1 Dead November 15, 2021 TEHRAN, Iran (AP) — At least one person died after two strong earthquakes struck the southern Iranian province of Hormozgan,...
Ship Insurers Primed to Raise Rates After Red Sea Attacks January 13, 2021 By Jonathan Saul LONDON — Insurers are set to raise the cost of providing cover for merchant ships through the Red Sea after...
South Korean Tanker was Boarded by Armed Iran Guard Forces January 6, 2021 By Hyung-Jin Kim and Jon Gambrell SEOUL (AP) — Armed Iranian Revolutionary Guard troops stormed a South Korean tanker and forced the ship to change course...
Gulf Tanker Incidents May Raise Shippers’ Costs, Cut Traffic July 22, 2019 By David Koenig and Frank Bajak Seizures of oil tankers and other hostile Iranian measures in the Strait of Hormuz are already raising insurance rates for...
Seeking to Avoid Escalation, Ships Deploy Unarmed Guards to Navigate Gulf July 17, 2019 By Jonathan Saul LONDON — Shipping companies are hiring unarmed security guards for voyages through the Middle East Gulf as an extra safeguard...
Airlines Avoid Strait of Hormuz After Iran-U.S. Tensions Escalate June 21, 2019 Airlines worldwide are diverting flights away from southern Iran, lengthening travel times, after the Federal Aviation Administration issued an edict...
Oil Tanker Insurance Costs to Jump After Gulf Attacks June 14, 2019 Oil tanker owners are turning increasingly nervous about loading cargoes from the world’s largest export region for crude after the...
Insurer Says Iran’s Revolutionary Guards Likely Organized Tanker Attack May 17, 2019 By Jonathan Saul and Gwladys Fouche LONDON/OSLO — Iran’s elite Revolutionary Guards (IRGC) are “highly likely” to have facilitated attacks last Sunday on four tankers including...