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News: Marine Insurance

Iran seeks “insurance mechanism” to reduce risks for ships transiting through Hormuz

June 29, 2026

TEHRAN: Senior Iranian leader and former commander in Iran's Islamic Revolutionary Guard Corps (IRGC) Major General Mohsen Rezaei has called for the establishment of...

Allianz: $125 billion in vessel and cargo value awaits passage from the Persian Gulf

June 25, 2026

SINGAPORE: Given that 90% of international trade is transported across oceans, maritime safety and stable shipping trading routes are critical. According to Allianz Commercial's latest Safety and...

Iran imposes mandatory insurance on ships transiting Strait of Hormuz, with fees likely to follow

June 20, 2026

TEHRAN : IRAN has introduced mandatory insurance for all vessels transiting the Strait of Hormuz, requiring shipowners to obtain coverage approved — and initially...

Rising geopolitical tensions and the growing importance of marine war risk covers

June 20, 2026

It no longer takes a full scale war to disrupt global trade. A missile strike near a busy shipping lane, a drone spotted at...

Strait of Hormuz reopening won’t end shipping risks

June 16, 2026

LONDON: A proposed US-Iran deal to reopen the Strait of Hormuz is raising hopes for global shipping and oil markets. But naval mines, high...

Ship operators urge clear rules to return Hormuz to normal

June 6, 2026

ATHENS : Shipping executives meeting in Athens on Monday said that any peace deal worked out between the United States and Iran would need...

Sailors stressed and exhausted after months trapped by Strait of Hormuz blockade

June 5, 2026

TEHRAN : The sea is sometimes so tranquil that Captain Hassan Khan forgets his ship has been stuck in the middle of a war...

MEG offshore sector: resilience in the short term, structural risks on the horizon

June 3, 2026

LONDON/SINGAPORE: A combination of contract terminations, spiralling insurance costs and the threat to EPC projects are creating a complex combination of risk for offshore...

NorthStandard reports strong results and strategic momentum

May 29, 2026

LONDON: NorthStandard reports strong financial results, continued strategic progress and enhanced support for shipowners operating in an increasingly complex and uncertain global environment. Global...