by AIP Online Bureau | Jun 11, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
“Effective immediately, due to insecurity in the region, the Strait of Hormuz is declared closed to all vessels, including oil tankers and commercial ships.Any vessel attempting to transit the strait will be targeted,” the IRGC said Iran’s Islamic...
by AIP Online Bureau | May 20, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
New Delhi uses its embassy in Tehran to liaise with Iranian authorities, including the IRGC and the Iranian navy, which vets ships India wants to sail out of the Gulf, according to an Indian shipping ministry official. For many vessels, the route out of the Gulf and...
by AIP Online Bureau | Apr 28, 2026 | Eco/Invest/Demography, Indian News
“In the past 24 hours, there were certain incidents of firing on the foreign-flag vessels. Although none of the Indian vessels came under fire, we are worried for the Indian seafarers on these vessels,” Additional Secretary, Ministry of Ports, Shipping and...
by AIP Online Bureau | Mar 19, 2026 | International News, Non-Life, Reinsurance
Shippers seeking insurance for tankers going through the strait “is pretty rare at the moment because people are focused on safety and security,” Lloyd’s chief executive officer Patrick Tiernan London:The Lloyd’s of London insurance market will continue to provide...
by AIP Online Bureau | Mar 11, 2026 | Indian News, Regulation, Risk Management
Advisories have been issued by DG Shipping directing all Indian flag vessels and Indian seafarers to adopt enhanced security measures and strictly comply with reporting protocols, including submission of real-time details. New Delhi: As many as 28 Indian vessels with...
