Shipping Insurance News


Oil Tanker Insurance Triples Amidst Global Shipping Tensions

Sep 24, 2026

The cost of insuring an oil tanker loaded from Saudi Arabia's main Red Sea port has tripled in recent weeks, industry sources told Reuters, adding to the major crude producer's struggles to find a viable channel for its exports.Saudi Arabia…

Red Sea Insurance Spikes After Houthi Ship Attacks

Jul 10, 2025

The insurance cost of shipping goods through the Red Sea has more than doubled in recent days after Yemen's Houthis attacked and sank two ships, killing at least four seafarers after months of calm, industry sources said on Thursday.The Red…

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