The government's mandatory local Marine Cargo Insurance (MCI) policy has taken effect, shifting billions of shillings in insurance premiums from foreign underwriters to Kenyan insurers and ...

The closure of the Strait of Hormuz underscores the importance of revising LNG contracts to address complex disruptions, including source-specific force majeure, cargo ...

US insurance giant Chubb has refused to pay a share of a $2.25bn bill to compensate the state of Maryland for the destruction of a bridge in Baltimore, according to market sources. Shipowner-run ...

Cargo theft is evolving with cybercrime. Learn how organized crime is hijacking shipments—from a $400,000 lobster theft to a $500,000 bourbon heist—and what needs to be done.

Asyad Shipping is set to benefit from a big subsidy from the Oman government designed to boost food security in a turbulent ...

A coverage misalignment describes the situation when an insurance coverage no longer reflects the current structure and ...

Shipping traffic in the Strait of Hormuz rises after the US lifts its blockade. Traffic returns to normal by July 15 at 15.5% ...

Authorities allege the statewide criminal enterprise stole more than 90 luxury vehicles, using home burglaries to obtain key fobs before trafficking the ...

Commodity strategists warn that Iranian leverage in the Strait of Hormuz will continue to weigh on oil markets and shipping ...

Chubb, AIG and Berkshire Hathaway back $40 billion US reinsurance facility as Hormuz premiums hold near record highs ...

Spread the love“`html The recent Iran cargo ship attack has sent shockwaves through international relations, igniting fears of a wider conflict and prompting a swift response from the United States.

Iran's attack on a vessel raises war-risk insurance premiums sharply. Average daily transits of the Strait of Hormuz on June ...