Sailors stressed and exhausted after months trapped by Strait of Hormuz blockade
TEHRAN : The sea is sometimes so tranquil that Captain Hassan Khan forgets his ship has been stuck in the middle of a war zone for three months. “It is really strange that everything
MEG offshore sector: resilience in the short term, structural risks on the horizon
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 operators in the Middle East Gulf. In its latest HORIZON
NorthStandard reports strong results and strategic momentum
LONDON: NorthStandard reports strong financial results, continued strategic progress and enhanced support for shipowners operating in an increasingly complex and uncertain global environment. Global marine insurer NorthStandard has reported a strong set of
Gridlock on the Bonny Channel: Inside the Maersk grounding that disrupted Nigeria’s Maritime Gateway
By Priyatham Sanjeeva Reddy Ramidi In the early hours of May 20, 2026, a routine maritime operation in southern Nigeria spiraled into one of the region’s most disruptive shipping incidents in recent memory. A
Greek shipping risk no longer begins and ends onboard
GOTHENBURG (SWEDEN): Greek shipowners are increasingly having to make complex risk decisions before a vessel even leaves port, as geopolitical volatility, sanctions exposure and shifting trade patterns play a growing role in how a
DFS launches ‘Bharat Maritime Insurance Pool’ of USD 1.5 billion, in the background of current Middle East tensions
NEW DELHI : The Department of Financial Services, Ministry of Finance held an event chaired by Secretary, DFS to launch the domestic insurance pool, namely ‘Bharat Maritime Insurance Pool‘ (BMIP) of USD 1.5 billion,
The Impact of the Closure of the Strait of Hormuz on P&I Clubs and the Shipping Industry
By Priyatham Sanjeeva Reddy, Ramidi, Maritime Professional and P&I Expert The Strait of Hormuz is one of the most critical maritime chokepoints in the world, serving as the primary route for oil and gas
TALKING POINTS: The Impact of Strait of Hormuz closure on P&I Clubs and Operations
By Priyatham Sanjeeva Reddy Ramidi,Maritime Professional and P&I Expert As we explored in the previous article, the closure of the Strait of Hormuz would create immediate and significant challenges for the maritime industry, particularly