Tag: Gulf of Oman

The Strike Club informed that it will continue to provide marine delay insurance for operators in the Straits of Hormuz between the Gulf of Oman and the Persian Gulf. The Club reached this decision, despite rising political tensions in the area and recent attacks on six tankers.

After the recent attacks in the Gulf of Oman, Hapag Lloyd announced that the operating costs for their services in the Middle East Gulf region have increased. The attacks shocked the shipping industry resulting to CMA CGM also increasing its insurance costs in the area and implementing a War Risk Surcharge.

The US Maritime Administration launched a MSCI Advisory informing about Red Sea, Gulf of Aden, Arabian Sea, Gulf of Oman, and Indian Ocean violence due to regional conflict and piracy, highlighting that there's still risks for commercial vessels operating in these areas.

A wider conflict between the US and Iran would be negative for most types of ships and for the oil markets in general, as fewer ships will transit the Straits of Hormuz, said VesselsValue in its latest analysis, following tensions on the aftermath of the recent tanker attacks in the Gulf of Oman.

An ongoing tension in the Middle East, in the wake of the recent tanker attacks in Gulf of Oman, has brought major insurance costs for oil tanker owners, who load cargoes from the world’s largest crude-export region. War risk premiums have now surged to at least $185,000 for supertankers.

In light of the ongoing tensions between the US and Iran following the two tanker attacks in Strait of Hormuz earlier in June, the United Arab Emirates said on Wednesday that clear and convincing evidence was needed in order to determine which state is to blame for the attacks. 

The Indian Ministry of Defence announced that the Indian Navy deployed two vessels in the Gulf of Oman to secure Indian flagged vessels, following the recent attack on two tankers in the region. The Ministry issued a statement noting that in addition to deploying the two vessels, Chennai and Sunayna, 'aerial surveillance by IN aircraft is also being undertaken in the area.'

Amid a growing tension between the US and Iran in the light of the two tanker attacks in the Gulf of Oman last week, Iranian forces now have reportedly shut down a US military surveillance drone while flying over the Strait of Hormuz. 

Following the two tanker attacks in the Gulf of Oman last week, the Republic of the Marshall Islands (RMI) issued a ship security advisory recommending operators of all RMI-flagged vessels transiting this area to circulate it to their ships 'by the most expeditious means possible'.

On Thursday, June 13, the US Navy released a footage claiming that Iran was the one responsible for the attacks against the two tankers in the Gulf of Oman. US Officials commented that the limpet mine used on a Japanese-owned oil tanker in the Strait of Hormuz looks similar with other Iranian mines.