War News


As Missiles Soar, Freight Rates Soar, too

Jan 12, 2024

Missile strikes by the US and UK against Houthi militia in Yemen has brought heightened tensions across the region with disruption to ocean freight shipping set to deteriorate further.At approximately 2.30am (Sanaa/Red Sea time) today, Friday…

Black Sea Shipping Rates Soar 20% as Reinsurers Cut Cover

Jan 06, 2023

Costs for hiring ships to transport commodities from the Black Sea have risen by more than a fifth since the start of the year, reflecting higher war risk insurance rates, industry sources said.The Black Sea is crucial for the shipment of grain…

Europe Must Shut Ports to Russian Ships, Ukraine President Tells Norwegian Parliament

Mar 30, 2022

Norway and the rest of Europe should close their sea ports to Russian ships, Ukrainian President Volodymyr Zelenskiy told the Norwegian parliament on Wednesday.'The European Union, and I do hope so Norway, need to introduce the ban on Russian…

From Mines to AIS Spoofing, Assessing the Risks to Shipping in the Black Sea

Mar 03, 2022

Commercial ships are being advised of the high risk operating in the Black Sea following Russia’s invasion of the Ukraine, with various reports of missile attacks on commercial ship, plus warning of the waters containing mines.According to a press release from the NATO Shipping Center (NSC)…

Current News

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