by AIP Online Bureau | Aug 5, 2026 | International News, Non-Life, Reinsurance
The group said last month that it would begin attacking Saudi vessels in retaliation for a blockade on Yemeni ports. That added a new risk to global energy markets, with the Iran war already restricting flows through the Strait of Hormuz and Saudi Arabia relying on...
by AIP Online Bureau | Jul 28, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Over the past week, only Chinese ships and vessels owned by countries friendly with Iran have continued to transit Bab el Mandeb, while western tankers and more risk-averse Asian shippers have opted for the costlier and longer route via the Suez Canal. Empty...
by AIP Online Bureau | Jun 22, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
There could be more ships plying the strait with their transponders switched off, plus outages reported with AIS ship tracking data, shipping sources said. AIS is the tracking system which traders follow to get information on ship movements. Oil and liquefied natural...
by AIP Online Bureau | Jun 9, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Risk Management
Since 2023, Mumbai-based IRClass has de-classed 235 ships from its registry, mainly oil tankers and also a few gas carriers, the non-profit organisation’s Executive Chairman Arun Sharma said. LONDON:India’s ship safety certifier is taking a tougher stance...
by AIP Online Bureau | Apr 18, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
U.S. President Donald Trump said on Friday Iran had agreed to open the strait, while Iranian officials said they wanted the U.S. to fully lift its blockade of Iranian tankers.Western shipping companies cautiously welcomed the announcements but said more clarity was...
