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Piracy & Security

Stay informed with the latest news, analysis and market insight on the piracy and security threats impacting the shipping industry; be proactive in adapting your organisation to meet new requirements and identify risks to your business model through our expert coverage

Middle East tensions fail to move dial on war risk rates

MSC Aries hijack and Iranian missile onslaught see little impact on Red Sea premiums and small hardening of Middle East Gulf trips

Red Sea Risk Insurance

No evidence more Chinese or Russian ships transiting Bab el Mandeb

Transits of China- and Russia-affiliated ships through the Bab el Mandeb Strait have dropped as the situation has become increasingly unstable 

Red Sea Risk Containers

EU issues piracy warning after Abdullah release

Operation Atalanta has warned that any ransom payments could encourage further hijacking attempts and has identified at least one pirate group operating in the area

Dry Bulk Piracy and Security

Shipping faces more fallout in wake of Iran’s attack on Israel

The risk of a full closure of the Strait of Hormuz, while still unlikely, has increased. The more likely scenario, according to analysts, is that the Strait of Hormuz will become more like the Red Sea, with some ships continuing to transit and others steering clear

Red Sea Risk Political Risk and Trade

MSC Aries violated maritime law, says Iran

A government spokesperson claimed the containership failed to respond to calls from officials before it was boarded by Iranian troops

Containers Political Risk and Trade

Week in charts: Panama canal begins to rebound | IMB report shows piracy spike | Tanker tonne-miles at record levels | Mainlane box rates dip again

Transits through the Panama Canal have begun to recover, a new report reveals a worrying spike in piracy incidents, plus geopolitical turbulence drives record tonne-mile rates

Week in Charts Containers

Hijacked bulker Abdullah released by Somali pirates

Pirates release Bangladeshi bulker and its 23 crew after a month-long ransom negotiation

Piracy and Security Dry Bulk

Iran seizes UK-owned boxship MSC Aries

Madeira-flagged, 14,300 teu boxship is operated by MSC, world’s largest container line, and owned by major UK shipowner Zodiac Group, led by Israel-born Eyal Ofer

Red Sea Risk Containers

IMB report shows Somali piracy spike

Piracy levels in the Gulf of Guinea continue to decline, while ‘opportunistic’ crime in the Singapore Strait could have unintended consequences, according to a report

Piracy and Security Risk and Compliance

US forces intercept missile launched at US-flagged Maersk boxship as Houthis claim more strikes

US Central Command said it ‘successfully engaged and destroyed’ an anti-ship ballistic missile launched by the Houthis on Tuesday towards a US-flagged Maersk boxship. The militants confirmed an attack against Maersk Yorktown the following day, and claimed two more attacks

Red Sea Risk Piracy and Security

‘Could they? Yes. Will they? Probably not’: Doubts over Iran’s Strait of Hormuz threat

An Iranian navy chief said Iran could close the Strait of Hormuz as he pledged to ‘punish Israel’ for a lethal strike in Syria, which killed a Revolutionary Guards’ general

Political Risk and Trade Iran

More warships needed if trade returns to Red Sea, says Rear Admiral

The operational area of EUNAVFOR in the Middle East is twice the size of the EU’s land mass and is patrolled by just four vessels

Red Sea Risk Piracy and Security
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