The Allianz Global Corporate & Specialty AGCS) Safety & Shipping Review 2019 provides a unique and in-depth look at the emerging risks facing international shipping stakeholders.Large shipping losses are now at their lowest level this century having declined by over 50% year-on-year…
Three Iranian vessels tried to block a BP-operated tanker passing through the Strait of Hormuz but backed off when confronted by a Royal Navy warship, the UK government said on Thursday.Britain urged Iran to 'de-escalate the situation in the region' after the British Heritage…
Since the founding in 2016, cyber defence company Naval Dome has won awards for its Endpoint cyber defense system and achieved the highest level of security certification from classification society DNV GL, helping to protect merchant ships…
Britain's detention of an Iranian tanker last week was a threatening and incorrect action, Iran's Defence Minister Amir Hatami said on Monday in a speech broadcast live on state television.Royal Marines seized the tanker on Thursday for trying…
Panama's Maritime Authority said on Thursday that Grace 1, a giant Iranian oil tanker seized by British Royal Marines in Gibraltar, was no longer listed in Panama's international boat registry as of May 29.The Panamanian authority added that…
2019-007-Red Sea, Gulf of Aden, Arabian Sea, Gulf of Oman, and Indian Ocean-Violence Due to Regional Conflict and PiracyDescription:This revised advisory cancels U.S. Maritime Advisory 2018-0151. References: (a) U.S. Maritime Alerts 2018-001A…
The U.S. Coast Guard announced that Charleston, S.C., will be the home of its newest National Security Cutter.“I am pleased to announce that Charleston, South Carolina will be the home of the Coast Guard's 11th National Security Cutter,” said Admiral Karl L…
VLCC spot freight rates between the Arabian Gulf and China rose 101% in the days between June 13, 2019 and June 20, 2019, in the aftermath of attacks on two tankers in the Strait of Hormuz. Spot freight rates for a VLCC, carrying 2 million barrels of oil…
Iranian officials told Reuters on Friday that Tehran had received a message from U.S. President Donald Trump warning that a U.S. attack on Iran was imminent but saying he was against war and wanted talks on a range of issues.News of the message…
A British company’s boat stopping systems which can quickly stop boats used in terrorism and narco trafficking without harming the boat or its passengers is making waves.Security Equipment specialists, BCB International Ltd, have developed…
Saudi Arabia's cabinet urged the international community on Tuesday to take firm measures to ensure the safety of navigation in waterways across the region, the state news agency said, a week after two tankers were attacked in the Gulf of Oman.Reporting by Asma Alsharif
Iran's military denied on Monday being behind attacks on oil tankers in the Gulf of Oman last week, and said if it decided to block Strait of Hormuz, a vital gateway in the Gulf for the oil industry, it will do it publicly.Iran’s Armed Forces Chief of Staff…
IMO Secretary-General Kitack Lim has condemned the suspected attacks on two tankers off the coast of Oman that occurred earlier on Thursday, June 13.'These suspected attacks, coupled with the attacks in the UAE last month, concern me greatly…
The costs of buying crude oil from the Middle East could rise as war insurance for ships travelling in the region will be expanded to include vessels travelling off the United Arab Emirates and Oman, the head of Japan Petroleum Association said on Friday…
The United States on Friday announced the deployment of 1,500 troops to the Middle East, describing it as an effort to bolster defenses against Iran as it accused the country's Revolutionary Guards of direct responsibility for this month's tanker attacks…