by AIP Online Bureau | Dec 6, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Insurance industry sources said that war risk premiums had stayed firm on Monday at between 0.05% to 0.1% of the value of a ship, from around 0.03% estimated last week before the attacks. This translates into tens of thousands of dollars of additional costs for a...
by AIP Online Bureau | Dec 1, 2023 | Eco/Invest/Demography, International News
An attempted hijacking of a commercial vessel in the Gulf of Aden on Sunday appears to have been carried out by armed Somali pirates and not Yemeni Houthis, despite the firing of missiles from Houthi-controlled territory in Yemen afterwards Commercial ships face...
by AIP Online Bureau | Nov 28, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
Most insurers already charge extra premiums for sailing through those waters and those charges could increase further if the attacks continue, according to Munro Anderson, head of operations at Vessel Protect, a specialist marine war risks underwriter A spate of...
by AIP Online Bureau | Apr 9, 2022 | International News
David Gressly, the UN resident and humanitarian coordinator for Yemen, made the appeal saying the FSO Safer tanker is “a time bomb” because a major oil spill from it “would unleash a massive ecological and humanitarian catastrophe centered on a country already...
