by AIP Online Bureau | Jan 27, 2024 | Eco/Invest/Demography, International News, Non-Life, Policy, Reinsurance, Risk Management
THe US Central Command said its forces had conducted a strike at 3:45 local time on Saturday “against a Houthi anti-ship missile aimed into the Red Sea and which was prepared to launch”. They “destroyed the missile in self-defence,” CentCom...
by AIP Online Bureau | May 3, 2023 | International News, Non-Life, Reinsurance, Risk Management
A vast shadow fleet of aging tankers has been enlisted to carry sanctioned oil across the globe, raising questions about safety and insurance standards Three crew members are missing from a Gabon-registered tanker that caught fire on Monday in the South China Sea, a...
by AIP Online Bureau | May 1, 2023 | International News, Non-Life, Reinsurance, Workplace/Employee Benefits
The seizure underscores continued tensions in a vital corridor for oil tankers. Hundreds sail through the Gulf of Oman each month, on their way to and from the Persian Gulf and some of the world’s biggest oil-exporting nations such as Saudi Arabia, Iraq and Kuwait...
by AIP Online Bureau | Apr 4, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
Countries including Spain, Australia, the U.S. and Canada are part of a push at the IMO to increase oversight of the murky activities in oil trading that have emerged within the last year. Russia’s invasion of Ukraine — and subsequent sanctions by Western governments...
by AIP Online Bureau | Dec 16, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Since Dec. 5, buyers of cargoes from Russia have only been allowed to access industry standard insurance and an array of trade-critical services if they pay $60 a barrel or less There are tentative signs that oil tanker companies are avoiding sending their ships to...
