by AIP Online Bureau | Feb 11, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
“Everyone is watching each other to see who goes first,” Barbara Harrison, vice president of crude supply and trading at U.S. major Chevron, said at an oil conference in Houston. Oil executives called on for a return to navigation through the Red Sea en route to the...
by AIP Online Bureau | Jan 29, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Six ships linked to the US and UK have successfully transited the area without coming under attack since Jan. 19, when the Houthis said they would stop targeting vessels associated with those countries, according to the Joint Maritime Information Center, which...
by AIP Online Bureau | Aug 28, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
Insurance industry sources said on Wednesday additional war risk premiums, paid when vessels sail through the Red Sea, were quoted up to 0.75% of the vessel from 0.4% before the attack, although they were higher at 1% in February according to industry assessements of...
by AIP Online Bureau | Jul 3, 2024 | International News, Non-Life, Reinsurance, Risk Management
Insurance industry sources said that additional war risk premiums, paid when vessels sail through the Red Sea, were quoted up to 0.7% of the value of a ship in recent days from around 1% earlier this year, adding hundreds of thousands of dollars of extra costs and the...
by AIP Online Bureau | Jun 21, 2024 | International News, Non-Life, Reinsurance, Risk Management
Insurance industry sources said on Wednesday there was also mounting concern over the use of attack drone boats by the Houthis Urgent action must be taken in the Red Sea to stop attacks on merchant shipping by Yemen’s Houthis, leading industry groups said on...
