by AIP Online Bureau | Apr 27, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
Al-Houthi also claimed that his group had attacked 102 vessels linked to Israel since the onset of the Israel-Hamas conflict on October 7, 2023, adding that “successful strikes against Israeli-affiliated ships, occurring at a rate of approximately one every two...
by AIP Online Bureau | Feb 28, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Reinsurance
Almost all of India’s trade with Europe goes through the Red Sea channel, India’s ambassador to the United Arab Emirates said, adding to the urgency for the India-Middle East-Europe Economic Corridor project The volatile situation in the Red Sea increases the need for...
by AIP Online Bureau | Feb 26, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
The Houthi assaults have continued despite waves of airstrikes by the US and the UK The missile attack by Houthi militants on a ship carrying a cargo of fertilizer has led to an “environmental disaster” in the Red Sea, US Central Command said Friday evening. Hours...
by AIP Online Bureau | Feb 20, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
“Shipping companies must weigh up the increased costs and journey times against the risk to their vessels, and, most importantly, the safety of the crew onboard,” insurance broker Gallagher Speciality Marine said in a report last week CAIRO/LONDON: Yemen’s Houthi...
by AIP Online Bureau | Feb 20, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management
Tankers heading to Europe or the Atlantic Basin are being forced by the Houthi threat to go around South Africa’s Cape of Good Hope, increasing journey lengths and costs, or use the Suez Canal, “with the risks involved and extremely high war risk insurance Shipments...
