Marine war risk rates stable despite Israel-Iran fighting
‘We currently consider the threat to the maritime domain to be unchanged but with a negative outlook,’ says underwriter
Strait of Hormuz
With the seizure of the Adrian Darya 1 (formerly Grace 1) by Gibraltar the Iranian government responded by seizing the UK flagged Stena Impero. With US administration's "maximum pressure" campaign continuing against Iran tension within the region continues to rise. Trade treads carefully with risk to seafarers and increased premiums against a backdrop of geopolitics
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Pressure group UANI hails Liberian registry after removal of all Iran-linked tonnage
New York-based pressure group UANI has applauded Liberia for its ‘world-class’ compliance programme after removing vessels that appeared on the group’s watch list for moving Iranian oil
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Shipping in wait-and-see mode as Iran and Israel conflict continues
Oil infrastructure was hit in weekend attacks, instances of ‘extreme jamming’ of AIS are causing security problems, and the regional threat level remains significant, but vessel traffic remains largely unaffected
Why the Adrian Darya 1 saga is an issue for the whole industry
The saga of the Adrian Darya 1, now expected to deliver its cargo of 2m barrels of Iranian crude to Syria in direct contravention of its release agreement, is an embarrassing political episode, but it should not be written off by shipping as an anomalous example of deceptive political posturing — there is a risk to the wider industry that must be addressed
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