Western-backed maritime forces in the Middle East on Saturday warned shippers traveling through the strategic Strait of Hormuz to stay as far away from Iranian territorial waters as possible to avoid being seized, a stark advisory amid heightened tensions between …
Specialist insurer Hiscox has developed a new security product designed to help protect shipping targeted by nation states. Called “Malicious Vessel Seizure,” the will respond to a single peril of a ship taken by a foreign government, providing loss of …
An Indian ship carrying Iraqi crude has been detained by Iran in its territorial waters due to pollution concerns, the head of the refiner buying the oil and India’s shipping directorate said on Thursday. The Desh Shanti was carrying 140,000 …
