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...
Saudi Arabia Says its Oil Tankers Among those Hit Off UAE Coast May 13, 2019 By Rania El Gamal and Bozorgmehr Sharafedin DUBAI/LONDON — Saudi Arabia said on Monday that two of its oil tankers were among those attacked off the coast...