Subscribe to our Mailing Lists (It's free!)
Tuesday, July 5, 2022
SAFETY4SEA
  • Home
  • Safety
    • All
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
    swedish club monthly safety scenario

    Lessons learned: Serious main engine damage due to lack of communication

    monkeypox

    Monkeypox: Outbreak reported in non-endemic countries

    eu sanctions against russia

    How does EU’s 6th sanctions package against Russia affects shipping

    lng leakage

    How to prevent LNG leakages from DD-CC hose bunkering/transfer

  • Green
    • All
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
    fueleu

    WSC concerned about EU’s delay in finalizing position on FuelEU Maritime

    sigtto imo

    SIGTTO supports IMO’s Greenhouse Gas Strategy

    methane emissions

    How oil majors threaten climate targets

    iacs eexi

    IACS launches guidelines for EEXI implementation

  • Smart
    • All
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
    mayflower autonomous ship

    Mayflower Autonomous Ship completes transatlantic voyage

    k line ai

    K Line to use AI to protect cyber security of ship-shore communication

    emsa drones italy

    Drones help Italy improve its maritime safety and security

    acua ocean

    Autonomous hydrogen-fueled MASS gets approval

  • Risk
    • All
    • CIC
    • Detentions
    • Fines
    • PSC Focus
    paris mou

    2021 Paris MoU Annual Report

    one misdeclared cargo

    ONE to implement penalty fee for misdeclared cargo

    master first officer fined

    Master, First Officer to pay $75,000 for compliance breach in Great Barrier Reef

    carnival cyber security

    Carnival Corporation fined $5M for failed cyber-security protections

  • Others
    • All
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Reports
    • Shipping
    • Sustainability
    • Videos
    methane emissions

    How oil majors threaten climate targets

    port of long beach

    Port of Long Beach extends Green Ship Incentive Program

    Human Factors and Human Performance: What’s the difference

    Human Factors and Human Performance: What’s the difference

    cargo ship on fire in dubai

    Watch: Cargo ship catches fire in Dubai

  • Columns
    UK Chamber of Shipping: Electrification will play a key role in the industry’s decarbonization

    UK Chamber of Shipping: Electrification will play a key role in the industry’s decarbonization

    fire onboard

    Examining Ro-Ro/-Pax, PCTC fires

    IMO: Digitalization paves the way for smarter and greener shipping

    IMO: Digitalization paves the way for smarter and greener shipping

    Trending Tags

    • Career Paths
    • Industry Voices
    • Maripedia
    • Maritime History
    • Resilience
    • Seafarers Stories
    • SeaSense
  • Events
  • Plus
No Result
View All Result
  • Home
  • Safety
    • All
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
    swedish club monthly safety scenario

    Lessons learned: Serious main engine damage due to lack of communication

    monkeypox

    Monkeypox: Outbreak reported in non-endemic countries

    eu sanctions against russia

    How does EU’s 6th sanctions package against Russia affects shipping

    lng leakage

    How to prevent LNG leakages from DD-CC hose bunkering/transfer

  • Green
    • All
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
    fueleu

    WSC concerned about EU’s delay in finalizing position on FuelEU Maritime

    sigtto imo

    SIGTTO supports IMO’s Greenhouse Gas Strategy

    methane emissions

    How oil majors threaten climate targets

    iacs eexi

    IACS launches guidelines for EEXI implementation

  • Smart
    • All
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
    mayflower autonomous ship

    Mayflower Autonomous Ship completes transatlantic voyage

    k line ai

    K Line to use AI to protect cyber security of ship-shore communication

    emsa drones italy

    Drones help Italy improve its maritime safety and security

    acua ocean

    Autonomous hydrogen-fueled MASS gets approval

  • Risk
    • All
    • CIC
    • Detentions
    • Fines
    • PSC Focus
    paris mou

    2021 Paris MoU Annual Report

    one misdeclared cargo

    ONE to implement penalty fee for misdeclared cargo

    master first officer fined

    Master, First Officer to pay $75,000 for compliance breach in Great Barrier Reef

    carnival cyber security

    Carnival Corporation fined $5M for failed cyber-security protections

  • Others
    • All
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Reports
    • Shipping
    • Sustainability
    • Videos
    methane emissions

    How oil majors threaten climate targets

    port of long beach

    Port of Long Beach extends Green Ship Incentive Program

    Human Factors and Human Performance: What’s the difference

    Human Factors and Human Performance: What’s the difference

    cargo ship on fire in dubai

    Watch: Cargo ship catches fire in Dubai

  • Columns
    UK Chamber of Shipping: Electrification will play a key role in the industry’s decarbonization

    UK Chamber of Shipping: Electrification will play a key role in the industry’s decarbonization

    fire onboard

    Examining Ro-Ro/-Pax, PCTC fires

    IMO: Digitalization paves the way for smarter and greener shipping

    IMO: Digitalization paves the way for smarter and greener shipping

    Trending Tags

    • Career Paths
    • Industry Voices
    • Maripedia
    • Maritime History
    • Resilience
    • Seafarers Stories
    • SeaSense
  • Events
  • Plus
No Result
View All Result
SAFETY4SEA

Persian Gulf tension rises War Insurance cover

by The Editorial Team
August 1, 2019
in Alerts, Security
Gulf of Guinea Declaration

Above image is used for illustration purposes only / Credit: Shutterstock

FacebookTwitterEmailLinkedin

As a result of the increased tension in the Persian Gulf, the War Insurance market has reacted with increased rates for War Insurance cover for transits and port calls in these waters.

In this regard, with effect from 29 July 2019, the rate for any call to the Persian Gulf area (Persian or Arabian Gulf and adjacent waters including the Gulf of Oman west of Longitude 58° E) has been increased from 0,25% to 0,5%, the Club informed.

At the same time, the Swedish Club has tendered Notice of Cancellation in respect of certain terms for War insurance cover together with a Notice of Cancellation in respect of cover for calls to Iran.

As previously reported, an ongoing tension in the Middle East, in the wake of the tanker attacks in Gulf of Oman, as well as  has brought major insurance costs for oil tanker owners, who load cargoes from the world’s largest crude-export region.

RelatedNews

How does EU’s 6th sanctions package against Russia affects shipping

Israeli Navy intercepts drones aimed at gas rig

Shortly after these attacks, which were the second in the region within a month, war risk premiums that owners pay each time they go to the Persian Gulf have surged to at least $185,000 for supertankers, said Bloomberg citing market experts.

They rose to $50,000 after the first round of attacks off Fujairah, in May.

Tags: marine insuranceStrait of Hormuztankers

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

swedish club monthly safety scenario

Lessons learned: Serious main engine damage due to lack of communication

July 4, 2022
monkeypox

Monkeypox: Outbreak reported in non-endemic countries

July 4, 2022
MARITIME EVENTS

Newsletter

GET THE SAFETY4SEA IN YOUR INBOX!

Explore

  • Safety
  • Green
  • Smart
  • Risk
  • Others
  • Events
  • Plus

Useful Links

  • About
  • Disclaimer
  • Editorial Policies
  • Advertising
  • Contact

© 2021 SAFETY4SEA

No Result
View All Result
  • Safety
    • Alerts
    • Accidents
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
  • Green
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
  • Smart
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
  • Risk
    • CIC
    • Detentions
    • Fines
    • PSC Focus
    • Vetting
  • Others
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Reports
    • Shipping
    • Sustainability
    • Videos
  • Columns
    • Opinions
    • Career Paths
    • Industry Voices
    • Maripedia
    • Maritime History
    • Seafarers Stories
    • SeaSense
  • Events
  • Plus

© 2021 SAFETY4SEA

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Disclaimer.