Red Sea War Risk Coverage Area Expanded Under Revised P&I Clause A significant change to war risk insurance coverage in the Red Sea and surrounding waters has been announced following a notice received by the Association from its reinsurers. The change expands the geographical area covered by the designated Red […]
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Russia has significantly intensified its attacks on Ukraine’s civilian maritime infrastructure, with Ukrainian authorities accusing Moscow of deliberately targeting commercial vessels and port facilities to intimidate international shipowners and disrupt confidence in the safety of Black Sea shipping. According to Ukraine’s Ministry of Reconstruction, Infrastructure and Transport, the latest wave […]
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The maritime industry is facing another major security challenge as Yemen’s Houthi movement has issued a direct warning to international shipping companies, stating that vessels calling at Saudi Arabian ports could become legitimate targets. The development significantly raises the risk profile for commercial shipping in the Red Sea and comes […]
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The International Maritime Organization (IMO) has officially confirmed that the 2010 International Convention on Liability and Compensation for Damage in Connection with the Carriage of Hazardous and Noxious Substances by Sea (2010 HNS Convention) will enter into force on 29 November 2027, marking one of the most significant developments in […]
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The maritime security environment in the Arabian Gulf has taken a significant turn following direct U.S. military action against a commercial tanker reportedly heading toward Iran. According to reports from U.S. Central Command, the Botswana false-flagged Very Large Crude Carrier (VLCC) Lexie was disabled while attempting to reach Iran’s Kharg […]
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A Panama-flagged containership, MSC SARISKA V, has reportedly sustained damage following an explosion in the Arabian Gulf, raising new concerns over maritime security in one of the world’s most strategically important shipping regions. According to reports from the UK Maritime Trade Operations (UKMTO), a cargo vessel transiting approximately 40 nautical […]
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