Shipping companies have cautiously welcomed Iran’s announcement that the Strait of Hormuz is open but said they would require clarifications…
Browsing: Shipping
Hapag-Lloyd voiced cautious optimism on Wednesday on the prospect of resuming shipping through the Strait of Hormuz after a two-week…
Maersk said on Wednesday the two-week ceasefire agreed between the U.S. and Iran could open some opportunities for vessels in…
India is planning sovereign guarantees to support insurers that provide cover for vessels traveling in the Persian Gulf, as the…
Of all the things Donald Trump has done to disrupt global commerce, from levying punitive tariffs to tearing up trade…
The US warned that Iran-backed Houthi militants could start firing on vessels in the Bab El-Mandeb Strait after Tehran raised…
The medtech company believes the cyberattack has been contained and is now bringing systems back online.
On specific routes, shipping charges have quadrupled. Moving a standard 20-foot equivalent unit (TEU) container from the UK to Jebel Ali,…
Insuring vessels to sail through the Strait of Hormuz is still possible, even if at a very high cost, according…
The Trump administration’s $20 billion maritime reinsurance program, which aims to cover hull & machinery, as well as cargo, is…
Insurance giant Chubb will be the lead partner on the U.S. International Development Finance Corporation’s $20 billion Maritime Reinsurance Plan…
The insurer will act as lead underwriter for a DFC reinsurance scheme backing as much as $20 billion in war-related…
A ship hauling a million barrels of Saudi crude sailed through the Strait of Hormuz in recent days, one of…
War risk cover remains available on a single-voyage basis, IUMI said, provided navigation is authorized by governments and flag states.…