by AIP Online Bureau | May 6, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
The disruptions cause ripple effects across several other container freight routes, particularly from Asia to the east and west coasts of South America, Maersk’s spokesperson said, adding that the Red Sea situation was complex and continued to evolve Disruption to Red...
by AIP Online Bureau | May 1, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
In March, the group’s leader said the group was expanding its attack area to prevent Israel-linked ships from passing through the Indian Ocean toward the Cape of Good Hope Yemen’s Houthis said they targeted the MSC Orion container ship in a drone attack in...
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 | Apr 17, 2024 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance, Risk Management
Howden said the new product was the “first dedicated insurance coverage of its kind to protect cargo vessels within an active conflict zone, which encompasses the Bab al-Mandab Strait, the Red Sea, and the Indian Ocean” LONDON: Howden has started offering...
by AIP Online Bureau | Mar 13, 2024 | Indian News, Non-Life, Reinsurance, Risk Management
Reliance, in its chartering contracts, is offering tanker owners a flexibility to go via the Red Sea, a shipping route vital to east-west trade, or the Cape of Good Hope for safe transportation of the fuels to the buyer, shipping sources said Mumbai: Most of the...
