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The Latest Breaking News from Munro Anderson

Shipping Insurance Rates Soar On Red Sea Missile Attacks

Attacks by Yemen's Houthi rebels on commercial ships in the Red Sea have sent insurance premiums surging, exacerbating costs already stretched by soaring freight rates and longer alternative trade routes.

International Business Times

As Houthi attacks on ships escalate, experts look to COVID supply chain lessons

Shipping experts hope lessons learned during the COVID-19 pandemic, the Suez Canal disruption in 2021 and Somali pirate attacks more than a decade ago will mitigate widespread problems this time.

WEKU

Ukraine is shipping more grain through the Black Sea despite threat from Russia

Increasing numbers of ships are streaming toward Ukraine’s Black Sea ports and heading out loaded with grain, metals and other cargo despite the threat of attack and explosive mines

The Independent UK

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Advantage Tankers Accuse Iran of Seizing its Oil Tanker

The Iranian navy escorted Advantage Sweet to a port based on an "international dispute," announced Advantage Tankers. On Thursday, Iran's navy seized a Marshall Islands-flagged oil tanker heading to the US in the Gulf of Oman. Advantage Tankers, which owns Advantage Sweet, said the Iranian navy had transferred it to…

Asharq Al-Awsat

Ships sail from Ukraine despite Russia suspending grain deal

Ships loaded with grain are still departing Ukraine despite Russia suspending its participation in a U.N.-brokered deal that ensures safe wartime passage of critical food supplies

The Independent UK

Risks, mined waters slow rush to extract grains from Ukraine

Shipping companies aren't rushing to export millions of tons of trapped grain out of Ukraine, despite a breakthrough deal to provide safe corridors through the Black Sea

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