Houthi attacks continue, but don’t stop Red Sea trade

Red Sea trade as reflected in Suez Canal traffic

Major strikes on Houthi infrastructure in Yemen carried out by the U.S. and U.K. on February 3, seemed to have brought a two day pause in the Iran-backed group’s attacks on merchant shipping, but by yesterday the attacks had resumed, continuing to have a dampening effect on Red Sea trade.

Iranian-Backed Houthi Terrorists conduct Multiple Anti-Ship Ballistic Missile Attacks in the Southern Red Sea and Gulf of Aden:

On Feb. 6, from approximately 1:45 a.m. to 4:30 p.m. (Arabian Standard Time)...

https://www.marinelog.com/legal/safety-and-security/houthi-attacks-continue-but-dont-stop-red-sea-trade/

Shipping’s move to bet-zero is welcome but new risks must be understood

Risks

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Risks

  IMO’s recent strengthening of its environmental ambitions heralds a significant turning point for the shipping industry and, consequently, a heightened impact on marine insurers. In his workshop to close …

R...

https://maritime-professionals.com/shippings-move-to-bet-zero-is-welcome-but-new-risks-must-be-understood/

Maritime Insurance is “Strength and Stability in Turbulent Seas”

Credits: Venti Views/Unsplash

IUMI President characterises marine insurance market as “strength and stability in turbulent seas”, mentions an IUMI news source.

International Union of Marine Insurance (IUMI) annual conference

Opening this week’s International Union of Marine Insurance (IUMI) annual conference in Edinburgh, Scotland, President Frédéric Denèfle expands and explains the conference common theme of “strength and stability in turbulent seas”.

Discussing current turbulence, he began by...

https://mfame.guru/maritime-insurance-is-strength-and-stability-in-turbulent-seas/

Maritime Insurance is “Strength and Stability in Turbulent Seas”

Credits: Venti Views/Unsplash

IUMI President characterises marine insurance market as “strength and stability in turbulent seas”, mentions an IUMI news source.

International Union of Marine Insurance (IUMI) annual conference

Opening this week’s International Union of Marine Insurance (IUMI) annual conference in Edinburgh, Scotland, President Frédéric Denèfle expands and explains the conference common theme of “strength and stability in turbulent seas”.

Discussing current turbulence, he began by...

https://mfame.guru/maritime-insurance-is-strength-and-stability-in-turbulent-seas/

IUMI: Marine insurance premiums hit $35.8 billion in 2022

Marine insurance premiums across all categories rose to $35.8 billion in 2022 — and the general trend is upwards. Those were two of the facts that emerged today when the International Union of Marine Insurance (IUMI) presented its analysis of the latest marine insurance market trends at its annual conference in Edinburgh, Scotland.

All lines of business reported an uplift in their global premium base for 2022 with the total reaching $35.8 billion, representing an 8.3% increase on the previous...

https://www.marinelog.com/legal/safety-and-security/iumi-marine-insurance-premiums-hit-35-8-billion-in-2022/