Loss Prevention Advice
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The geopolitical stability of the Middle East was irreversibly compromised between February 28 and March 1, 2026, following the execution of Operation Epic Fury, a joint United States-Israeli military campaign that resulted in the death of Supreme Leader Ayatollah Ali Khamenei. This event triggered an immediate asymmetric response from IRGC (Islamic Revolutionary Guard Corps) forces, culminating in the kinetic strike against the Palau-flagged tanker Skylight approximately 5 nautical miles north of Khasab Port off Oman’s Musandam peninsula.
Following this ongoing situation in Iran and the Middle East, the Joint War Committee has revised the JWC Listed Areas with new version JWLA-033.
Added:
- Bahrain
- Djibouti
- Kuwait
- Oman
- Qatar
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Below you will find a weekly report, covering the period of 26 February to 4 March, where the following incidents were reported:
- 1 maritime security incident in West Africa in the last 7 days
- 14 maritime security incidents in the Indian Ocean/Middle East in the last 7 days.
Full advisory at the following link.
https://britanniapandi.com/wp-content/uploads/2026/03/ARC-Weekly-Report-04.03.26.pdf
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This Circular is issued in respect of War Risks and is applicable to the following Assureds and/or Co-assureds: • Assureds insured under the Associations’ Charterers’ Insurances Terms and Conditions (“Charterers’ Insurances”).
Shipowners insured under the Rules of Class 3 and/or Assureds insured under the Associations’ Charterers’ Insurances who are insured under the Associations’ Additional Insurances Terms and Conditions (“Additional Insurances”). • Members insured under the Rules of Class 3 whose Certificates of Entry are endorsed to include nonPoolable cover.
full advisory at the following link.
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On 4 March of an incident approximately 30 nautical miles southeast of Mubarak Al Kabeer, Kuwait.
The master of a tanker at anchor reported witnessing and hearing a large explosion on the vessel’s port side, after which a small craft was seen leaving the vicinity. Oil has been observed in the water leaking from a cargo tank, which could have potential environmental impacts. The vessel has also taken on water.
No fires have been reported and the crew are safe and accounted for. Authorities are currently investigating the incident. Meanwhile, Kuwait’s Ministry of Interior has denied reports that the incident occurred within the country’s territorial waters, noting that the location was more than 60 km from Mubarak Al-Kabeer Port.
Vessels in the area are advised to transit with caution and report any suspicious activity
