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Another tanker was attacked by gunmen in a speedboat and targeted with missiles, in the Red Sea, off Yemen’s coast. 

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A long history of providing liability insurance for owners and operators of tugs and barges. 

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The United Nations’ shipping agency on Wednesday adopted a resolution targeting illicit shipping practices from the so-called unregulated “shadow fleet” in an effort to clamp down on unsafe activities at sea.

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Fresh attacks on vessels in the Red Sea are raising insurance premiums for ships in the region and menacing commerce in a conduit for 12% of world trade.

War-risk premiums for some vessels have been climbing since shortly after the outbreak of the Israel-Hamas war in early October, according to people involved in the market. Though the increases haven’t been big, they are a sign of the growing threat to merchant shipping in the waterway.