by AIP Online Bureau | Mar 25, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Iran has started charging transit fees on some commercial vessels passing the Strait of Hormuz, people familiar with the matter have said, the latest sign of its control over the world’s most important maritime energy route. The war in the West Asia has all-but...
by AIP Online Bureau | Mar 4, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
President Donald Trump Shipping companies and insurers have begun reassessing their exposure to the region. War-risk premiums have jumped and some providers have scaled back or withdrawn coverage, industry.Higher insurance costs have made it more expensive for tankers...
by AIP Online Bureau | Mar 3, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance
Vessels of the Shipping Corporation of India (SCI) are also involved in the movement of crude oil and LNG, especially through areas around the Red Sea, and would have to pay an additional premium for war cover to ensure risk cover. In aviation, hull war risk (HWR)...
by AIP Online Bureau | Mar 3, 2026 | Eco/Invest/Demography, International News, Non-Life, Policy, Reinsurance
“The strait (of Hormuz) is closed. If anyone tries to pass, the heroes of the Revolutionary Guards and the regular navy will set those ships ablaze,” Ebrahim Jabari, a senior adviser to the Guards commander-in-chief, said in remarks carried by state...
by AIP Online Bureau | Jun 27, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
“The perception among shipowners is that due to the convoluted nature of shipping it’s hard to know or ascertain clearly a chain of ownership to nationalities which may be under higher threat in shipping, namely the UK, U.S. and Israel,” said Ami Daniel, chief...
