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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A small containership approaching the Iranian blockade line in the Gulf of Oman was reportedly struck by U.S. forces on August 10, in a significant escalation of the ongoing confrontation surrounding Iranian shipping and the Strait of Hormuz. According to The Wall Street Journal, U.S. forces opened fire on the […]
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The security environment in the Black Sea has taken another significant turn after a Chevron-chartered Aframax tanker was struck by a drone while approaching the Caspian Pipeline Consortium (CPC) terminal near Novorossiysk, Russia, highlighting the growing risks facing commercial shipping operating in the region. The incident occurred on 7 July, […]
Read moreThe outbreak of hostilities in the Persian Gulf has sent shockwaves through global shipping markets, raising urgent legal questions for shipowners and charterers. From safe port obligations to war risk clauses and force majeure, contractual frameworks are being tested in real time. Region on Edge On 28 February 2026, US […]
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