Skyrocketing fuel prices due to the Iran war are fanning the embers of transportation costs, which were already rising due...
trade News
The U.S. is doubling, to $40 billion, its commitment to provide reinsurance guarantees to ships willing to travel through the...
In recent days, the operator of an oil tanker stuck in the Persian Gulf received a compelling proposal. After weeks...
Treasury Secretary Scott Bessent said a U.S. insurance program meant to boost shipping through the Strait of Hormuz will begin...
The Lloyd's of London insurance market will continue to provide cover for vessels traveling through the Strait of Hormuz even...
Insuring vessels to sail through the Strait of Hormuz is still possible, even if at a very high cost, according...
Importers across the Gulf are scrambling to secure alternative routes for vital goods – from food to medicines and factory...
The firm will underwrite and issue policies as part of the Trump administration's initiative to offer maritime reinsurance. Other insurers...
London-based ship reinsurers are canceling coverage and demanding 200% more to reinstate policies, after a U.S. sub sank an Iranian...
A group of 24 U.S. states sued President Donald Trump’s administration on Thursday in the first legal challenge to his...