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Gold Stuck In Dubai Is Being Sold At Discount As Iran War Widens
Many buyers have stepped back from new orders, unwilling to pay exceptionally high shipping and insurance costs with no guarantee of prompt delivery.
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US Launches $20 Billion Gulf Shipping Insurance Plan
The United States unveiled a $20 billion maritime reinsurance plan aimed at protecting shipping and stabilising trade through the Gulf region amid tensions linked to the conflict with Iran.
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Opinion | How 12 'Insurers' Sitting In London Paralysed Hormuz - All With A Phone Call
By March 3, there were zero active tanker transits inside the Hormuz Strait. Not because of Iran, or Trump. But simply because an 'underwriter' in London picked up the telephone.
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Iran War Risk: London Insurers Won't Cover Ships, What Do They Know That We Don't?
A major spill in the Gulf or Strait of Hormuz could cost between $860 million and $1.6 billion with no credible insurer to pay. Sanctions exposure also gives underwriters grounds to deny claims.
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US Bridge Collapse May See Biggest Marine Insurance Payout: Report
The collapse of a major Baltimore bridge after a cargo ship smashed into it could bring about the largest marine insurance payout ever, the boss of insurance giant Lloyd's of London said in an interview Thursday.
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Bangladesh Seeks $22.4 Million After Missile Hits Ship In Ukraine
State-owned Bangladesh Shipping Corp is seeking $22.4 million from its insurer for a cargo ship hit by a missile in March, government officials with knowledge of the talks said, in the first major marine insurance claim from the conflict in Ukraine.
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Suez Canal Blockage Could Cost $6 To $10 Billion In Lost Trade: Study
The container ship blocking the Suez Canal could cost global trade $6 billion to $10 billion a week, a study by German insurer Allianz showed on Friday.
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Iran Under Pressure As US Reimposes Oil, Financial Sanctions
The United States reimposes oil and financial sanctions against Iran on Monday, significantly turning up the pressure on Tehran in order to curb its missile and nuclear programs and counter its growing military and political influence in the Middle East. The move will restore U.S. sanctions that were lifted under a 2015 nuclear deal negotiated by t...
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India Allows Refiners To Use Iran Tankers, Defies US Sanctions Pressure
India is allowing state refiners to import Iranian oil with Tehran arranging tankers and insurance after firms including the country's top shipper Shipping Corp of India (SCI) halted voyages to Iran due to US sanctions, sources said.
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Iran Extends Insurance, Ships To India For Oil Export
Iran has begun providing shipping insurance cover as well as its own vessels to continue exporting crude oil to India
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Gold Stuck In Dubai Is Being Sold At Discount As Iran War Widens
Many buyers have stepped back from new orders, unwilling to pay exceptionally high shipping and insurance costs with no guarantee of prompt delivery.
-
US Launches $20 Billion Gulf Shipping Insurance Plan
The United States unveiled a $20 billion maritime reinsurance plan aimed at protecting shipping and stabilising trade through the Gulf region amid tensions linked to the conflict with Iran.
-
Opinion | How 12 'Insurers' Sitting In London Paralysed Hormuz - All With A Phone Call
By March 3, there were zero active tanker transits inside the Hormuz Strait. Not because of Iran, or Trump. But simply because an 'underwriter' in London picked up the telephone.
-
Iran War Risk: London Insurers Won't Cover Ships, What Do They Know That We Don't?
A major spill in the Gulf or Strait of Hormuz could cost between $860 million and $1.6 billion with no credible insurer to pay. Sanctions exposure also gives underwriters grounds to deny claims.
-
US Bridge Collapse May See Biggest Marine Insurance Payout: Report
The collapse of a major Baltimore bridge after a cargo ship smashed into it could bring about the largest marine insurance payout ever, the boss of insurance giant Lloyd's of London said in an interview Thursday.
-
Bangladesh Seeks $22.4 Million After Missile Hits Ship In Ukraine
State-owned Bangladesh Shipping Corp is seeking $22.4 million from its insurer for a cargo ship hit by a missile in March, government officials with knowledge of the talks said, in the first major marine insurance claim from the conflict in Ukraine.
-
Suez Canal Blockage Could Cost $6 To $10 Billion In Lost Trade: Study
The container ship blocking the Suez Canal could cost global trade $6 billion to $10 billion a week, a study by German insurer Allianz showed on Friday.
-
Iran Under Pressure As US Reimposes Oil, Financial Sanctions
The United States reimposes oil and financial sanctions against Iran on Monday, significantly turning up the pressure on Tehran in order to curb its missile and nuclear programs and counter its growing military and political influence in the Middle East. The move will restore U.S. sanctions that were lifted under a 2015 nuclear deal negotiated by t...
-
India Allows Refiners To Use Iran Tankers, Defies US Sanctions Pressure
India is allowing state refiners to import Iranian oil with Tehran arranging tankers and insurance after firms including the country's top shipper Shipping Corp of India (SCI) halted voyages to Iran due to US sanctions, sources said.
-
Iran Extends Insurance, Ships To India For Oil Export
Iran has begun providing shipping insurance cover as well as its own vessels to continue exporting crude oil to India
