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 ...

Oman offers 50% subsidy on fuel and insurance for food shipments from India, strengthening food security and easing logistics costs for essential imports.

AI and drone warfare will force a “complete reimagining” of how conflict risk is calculated and insured, the chief executive ...

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

MUSCAT, JULY 1 Asyad Shipping will receive government support covering 50 per cent of fuel and insurance costs for eligible food cargo shipments ...

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 ...

Oil prices are almost back where they were before the US-Iran war jolted global markets, but traders are not treating the ...

Suspicious boats near Yemen prompt UKMTO warning. Bab el-Mandeb Strait effectively closed by September 30 at 9.5% YES.

Shipping traffic through the Strait of Hormuz began to rebound Monday following weekend tit-for-tat strikes between the US ...

The latest shipping disruptions are exposing just how vulnerable African economies remain to shocks far beyond the continent.

An international lottery scam group allegedly thought it was sending a courier to collect $473,000 from a vulnerable elderly ...

An updated picture of how the risk of disruptions in the Strait of Hormuz coexists with a strong investment cycle in ...