Red Sea Risk
As attacks on commercial shipping to continue in the Red Sea, Lloyd’s List offers the latest insight,
analysis and commentary on how the crisis is impacting shipping markets and global trade
Eternity C: when war risk insurers don’t face the music and dance
Sorry, shipowners, but underwriters do have the right to decline cover
Travelers named as insurer that declined war risk cover for Eternity C
Shipowners slam underwriter’s reluctance to write business despite accepting annual placement
Underwriters declined war risk cover for final voyage of Eternity C
Insurance status of the Greece-operated bulk carrier sunk by the Houthis remains unclear
Vessel Protect has 100% war risk line on Magic Seas
Insurance arrangements for Eternity C, a second Greece-owned bulker struck by the Yemeni rebel faction the following day, are unclear
Philippines orders crews to avoid high-risk areas as more recovered from Eternity C
Traffic through the Bab el Mandeb continues as normal, despite two ships being sunk this week
Red Sea rescue falls to private security in the absence of any naval assets
The conspicuous absence of any naval vessels available to help defend two ships sunk by the Houthis this week, or assist in the search and rescue operation for 19 missing crew has left industry officials calling for more robust protection of international sea lanes
Houthis take ‘several’ of sunk bulker’s crew
UPDATED: A number of the crew from Eternity C who abandoned ship have been picked up by Houthi forces. The vessel was targeted because ships with the same owner continue to call at Israeli ports, the Houthis said in a statement
Houthi attacks raise risk assessment questions for Red Sea transits
Two Houthi attacks on two ships with visible affiliations to recent Israel port calls have called into question the level of due diligence being invested in risk assessments for shipping entering high risk areas
Three dead and two injured as Houthi attacks continue
The remaining crew on board Eternity C have been unable to abandon ship due to the lifeboats being severely damaged by Houthi rockets
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