Coverage gap and statutory cap reveal the math problem at the heart of Washington’s proposal
Browsing: Shipping
Maritime traffic in the Strait of Hormuz has ground to a near-complete halt, with no oil shipments going through in…
The implications extend beyond marine insurance. Tanker operators generally pass elevated war premiums on to charterers, who in turn incorporate…
The U.S.–Iran war widened on Wednesday after a U.S. strike hit an Iranian warship off Sri Lanka, deepening a crisis…
Insurance companies are canceling war risk coverage for vessels in the Middle East Gulf as the widening Iran conflict disrupts…