Ship Insurers Restrict War Coverage for Saudi Cargoes as Red Sea Premiums Top 1%
Ship insurers are restricting war coverage for Saudi Arabian cargoes in the Red Sea, the Financial Times reported, after war-risk premiums for some southern Red Sea voyages rose to more than 1% of a ship's value from about 0.3% last week, according to Reuters.
Torm said its Danish-flagged oil products tanker Torm Innovation will sail to Asia via the Suez Canal because of the security situation in the southern Red Sea. The moves follow Houthi claims that they attacked two Saudi tankers in the Red Sea, while Saudi Arabia said Saudi-owned vessel Encelia was hit and caught fire but all crew were safe.
From the sources (25 posts)
@reutersAsian refiners look to Suez Canal to move Saudi oil amid Houthi shipping threats
@reutersTwo tankers carrying Saudi crude make U-turns in Red Sea after Houthi warning
@wsjGlobal oil supplies face a growing list of disruptions—after a threat by Yemen’s Houthi militants to blockade Saudi Arabia.
@ftThe US president’s threat comes amid a flare-up in the nearly five-month conflict that has driven oil to $91 a barrel. Goldman Sachs has warned Brent crude could soar to $120 if the Strait of Hormuz remains ‘disrupted’ by the fourth quarter
@businessShips laden with Saudi oil u-turned and sailed towards the Suez Canal after the Houthi rebel group warned shipowners against calling at Saudi Arabia’s ports.
@reutersAsian refiners look to Suez Canal to move Saudi oil amid Houthi shipping threats
@reutersTwo oil tankers carrying Saudi crude to Asia reversed course in the Red Sea after threats from Yemen's Iran-aligned Houthis, as a widening Middle East conflict disrupted shipping through two of the world's most critical energy chokepoints h
@theinsiderpaperBREAKING - Yemen's Houthis sent radio warning to ships: International Chamber of Shipping
@endgameww3Update: Iran International: The International Chamber of Shipping announced that the Houthis, backed by the Islamic Republic, have sent radio warning messages to ships present in the area. The organization added: We confirm that the Houthis
@longwarjournalHouthis announce blockade of Saudi Arabia, ships reroute to avoid Bab al Mandeb Strait
@thehillHouthi threats in Red Sea risk new front in U.S.-Iran war
@mercoglianosRT @WindwardAI: 5 tankers carrying Saudi-origin crude and refined products reversed course ahead of Bab al-Mandab as Houthi blockade activi…
@mercoglianosRT @WindwardAI: 14 crude oil tankers are reporting Red Sea / Saudi Arabia as their destination. Their behavior tells a different story. W…
@mercoglianosRT @gCaptain: More Ships Change Course in the Red Sea After Houthi Threats, Shipping Data Shows
@jm_szubaRT @EGYOSINT: The Houthis' naval blockade on Saudi Arabia in the Red Sea is now having a visible impact on commercial shipping. Multiple t…
@menchosint⭕️ Yemen Armed Forces (Ansarallah) say they will soon release a statement 'announcing a significant military operation'.
@me_observer_⚡️⭕️ Yemen's Armed Forces are expected to issue a statement announcing a new military operation, according to multiple sources. Details of the operation have not yet been disclosed. (Al Mayadeen Breaking, Rasd al Maidan, Rasd Akhbar Shehaba
@hormuzletterBREAKING: Houthis to release a major statement announcing a "significant military operation soon," per a Houthi spokesman.
@me_observer_⚡️⭕️ Yemen's Armed Forces are set to deliver a statement at 12:30 AM announcing a "qualitative military operation," according to Al Mayadeen. Details of the operation remain undisclosed. (Al Mayadeen Breaking)
@mercoglianosMore Ships U-Turn to Avoid Houthi Threats #maritime #maritime-news
@no_itsmyturnUnconfirmed reports: A Saudi 🇸🇦 oil tanker has been struck by a missile ~70 km north of the Yemeni 🇾🇪 border
@endgameww3RT @no_itsmyturn: Unconfirmed reports: A Saudi 🇸🇦 oil tanker has been struck by a missile ~70 km north of the Yemeni 🇾🇪 border
@mercoglianosRT @WindwardAI: Two days after the Houthi blockade threat, the Red Sea split in two. Commercial tankers are backing out of Bab al-Mandeb.…
@phildstewartUKMTO: THE MASTER OF A TANKER REPORTS BEING STRUCK BY AN UNKNOWN PROJECTILE WHICH HAS CAUSED A FIRE ONBOARD THAT THE CREW ARE CURRENTLY FIGHTING
@osint613NEW: UKMTO reports a maritime incident 70 nautical miles off Al Shuqaiq, Saudi Arabia. (Trump warned Iran about ships today)