by AIP Online Bureau | Mar 16, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
The other option is to receive oil from the Persian Gulf, but at the risk of not getting any if the strait remains closed, said the traders. Saudi Arabia is giving long-term oil customers the option of receiving their allocations for April via the Red Sea port of...
by AIP Online Bureau | Nov 19, 2025 | Eco/Invest/Demography, International News, Risk Management, Technology
The southern Red Sea segment of 2Africa hasn’t yet been built due to a “range of operational factors, regulatory concerns, and geopolitical risk,” said a spokesperson for Meta, which leads a consortium of telecom companies developing the cable. Multiple subsea...
by AIP Online Bureau | Jul 14, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Maritime security sources said even though shipping companies must step up due diligence on any tangential link to Israel before sailing through the Red Sea, the risk of attack was still high. Commercial ships still sailing through the Red Sea are broadcasting...
by AIP Online Bureau | Jul 8, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
“These incidents highlight the Houthis’ disregard for human life, as they continue to exploit seafarers as pawns in their strategic conflicts,” said Jakob Larsen, chief safety and security officer at BIMCO, the world’s largest direct-membership trade group for the...
by AIP Online Bureau | Jun 15, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
“We have reports that more ship owners are now exercising extra caution and are opting to stay away from the Red Sea and the Persian Gulf,” said Jakob Larsen, chief safety & security officer with shipping association BIMCO. Merchant shipping is continuing to pass...
