South Korea's maritime and financial authorities convene emergency meeting to address war risk insurance challenges for shipping companies navigating Strait of Hormuz amid global marine insurance market volatility, pledging coordinated support measures
#YonhapInfomax #StraitOfHormuz #WarRiskInsurance #MinistryOfOceansAndFisheries #FinancialServicesCommission #ShippingCompanies #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=115419

Hormuz Dateline

The war now has the smell of salt, oil, and old empires trying to defy the tide. Thirty-three kilometres. That is the width of the Strait of Hormuz at its narrowest navigable point: two shipping lanes, each two miles wide, one in, one out, with a median strip of Iranian territorial water between them. Through those lanes passes approximately 21 million barrels of oil every single day. That is one barrel in every five consumed anywhere on earth. Add the liquefied natural gas, and you have […]

https://urbanwronski.com/2026/04/13/hormuz-dateline/

War risk insurance becomes more essential as global conflicts escalate

As global conflicts such as the ongoing war in Ukraine and tensions in the Middle East persist, war risk insurance has become a crucial yet often overlooked market. Individuals and companies are increasingly seeking coverage against the devastating impacts of war, terrorism, and political violence. ... [More info]

The Federal Government (FG) has called for the immediate removal of war risk insurance premiums on ships coming to Nigeria. Minister of Marine and Blue Economy Adegboyega Oyetola made the appeal on Wednesday in Lagos at the 3rd Annual Maritime Lecture of the Maritime Reporters Association of Nigeria (MARAN).

https://dmarketforces.com/fg-seeks-removal-of-war-risk-insurance-on-ships/

#WarRiskInsurance