Insurance

Cameroon

Validity of shadow vessels’ insurance documents remains uncertain

Monica Germany - July 14, 2025

Efforts to regulate and verify insurance coverage of shadow fleet tankers operating in European waters have been intensifying amid growing concerns over non-compliance.Most shadow...

Cyprus

European Commission proposes Russian oil price cap 15% below global price

Linh Nguyen - July 14, 2025

The European Commission proposed a floating price cap on Russian oil of 15% below the average market price of crude in the previous...

China

Shipowner Ends Search For Missing Crew After Houthi Attack Sinks Eternity C

Alexa Laguna - July 14, 2025

The search for the missing crew members of the cargo ship Eternity C, which sank after being attacked by Yemen’s Houthi militants, has been...

Insurance

Search for Missing Crew From Bulker Eternity C Called Off

Priya Anika Rajan - July 14, 2025

The owner of the bulker Eternity C has called off the search for the remaining missing crewmembers, according to maritime security advisory Diaplous Group. On...

Companies

15,000 commercial ships worldwide are under scrutiny as the insurance market stages an “emergency retreat.”

Zhang Weili - July 12, 2025

Yemen's Houthi rebels have recently resumed attacks on Red Sea shipping, resulting in fatal strikes on two bulk carriers and causing significant turmoil in...

Insurance

Global Shipping and Supply Chains “Adrift” Amid Tariff Uncertainty

Zhang Weili - July 12, 2025

Recently, the U.S. President explicitly extended the "reciprocal tariffs" grace period to August 1, stating that this date "will not change again." Behind this...

China

Ships Declare ‘All-Muslim Crew’ & Nationality To Avoid Houthi Attacks In Red Sea

Alexa Laguna - July 12, 2025

Some commercial ships passing through the Red Sea have started broadcasting messages on their public tracking systems, declaring their crew’s religion and nationality to...

Insurance

Israel Urges US To Resume Strikes On Houthis After Deadly Ship Attacks

Alexa Laguna - July 12, 2025

Israel has asked the United States to restart military attacks on Yemen’s Houthi rebels and to form a wider international coalition, after a sharp...

Australia

Russian Urals oil prices hold below price cap on weaker Brent, Reuters calculations show

Alexa Laguna - July 12, 2025

The price of Russia’s Urals crude oil remained $2 per barrel below the $60 per barrel limit imposed by Western nations amid weak Brent...

Insurance

Beyond the Risk of Suspension: Ship Delay Insurance in Turbulent Times

Zhang Weili - July 12, 2025

When the shipping industry is deeply entangled in geopolitical tensions, extreme weather, and supply chain disruptions, one fact becomes increasingly clear: traditional hull insurance...

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