Shipping and logistics companies have restricted or halted bookings through the region, with oil prices already on the rise.

FreightWaves reported ocean shipping lines have “fled” the Strait of Hormuz, which is the narrow route between Iran, Oman, and the United Arab Emirates. Iran announced it planned to “close” the strait ...

The outbreak of the conflict in the Middle East has seen maritime insurers cancel coverage, adding to the risk shipping companies face.Many insurers now refuse to offer war risk coverage for the Gulf, ...

Several shipping liners have suspended services through the Red Sea and rerouted them down the Cape of Good Hope due to the escalating conflict in the region.

The consultation comes at a time when global trade routes face increased uncertainty, including shipping diversions, cost volatility, and insurance premium adjustments.

The world's biggest maritime insurers are terminating war risk coverage for vessels in the Persian Gulf and Strait of Hormuz effective March 5 due to the escalation of the conflict in Iran, which is ...

Nigerian importers may soon face higher shipping costs as tensions in the Middle East disrupt global maritime trade routes.

Insurance companies are cancelling war risk coverage ​for vessels in the Middle East Gulf as the widening Iran conflict ...

A majority of the world’s largest maritime insurance mutuals said they will withdraw war risk insurance coverage for ships ...

LLC, a specialty insurance platform, has acquired Logistiq Insurance Solutions (Logistiq) to merge the business with ...

the ships that were booked by exporters are not confirming their schedules for the transit of goods, leaving exporters stuck.

The missiles moved first. The insurance market moved faster. When U.S. and Israeli military strikes against Iran began on ...