Political Risk, Credit & Finance
The latest changes in political risk, credit, finance that effect the marine insurance market.
- Rescued Eternity C seafarers taken to Saudi Arabia July 16, 2025The 10 mariners who were rescued following a multiple attack by Yemen’s Houthis on the bulk carrier Eternity C (IMO 9588249) have been taken to Saudi Arabia. Six of the 25 people on board ....
- Trump threatens new sanctions on importers of Russian oil July 16, 2025US President Donald Trump has said that if a peace deal in Ukraine is not agreed to by Russia within 50 days, the US would impose secondary tariffs on countries importing Russian goods ....
- US removes most sanctions related to Syria July 16, 2025American Club has informed its members that, while broad US sanctions on Syria had now been lifted, Club cover remained unavailable for any trade that violated applicable sanctions or .....
- Tariff threat continues to distort traffic into Los Angeles Port July 16, 2025The Port of Los Angeles (POLA) handled 892,340 teus in June, up 8% on June 2024. It was the busiest June in the port’s 117-year history. POLA Executive Director Gene Seroka said that .....
- Stena Bulk near completing reflagging of five Suezmaxes to Sweden July 16, 2025Tanker shipping company Stena Bulk is in the final stage of executing its plan to reflag five of its Suezmax tankers under the Swedish flag. The first vessel, the Stena Sunrise (currently .....
- Crude oil shipments from Brazil to China are on the rise July 16, 2025In the Tanker Market Monitor weekly report one standout fact was the significant increase in Brazilian crude oil shipments to China, which reached a record 93.6m barrels in Q2 2025 ....
- Trafigura says employee cooperating with Indonesian corruption investigation July 15, 2025Commodity trading firm Trafigura has said that a detained employee at its Indonesia unit was cooperating with a corruption investigation. Last week the Indonesian Attorney General’s Office ....
- WSC urges US to scrap fees on car carriers July 15, 2025The World Shipping Council has urged the US Trade representative to withdraw its proposal to impose stiff fees on foreign vehicle carriers that call at US ports. The fees on car carriers ....
- South Africa plans to ban strikes for some port workers July 15, 2025The South African government has made moves to ban port strikes, which have had a considerable impact on the country’s economy. The South African Department of Labour is proposing to .....
- EC to propose a “floating” Russian oil price cap July 14, 2025The European Commission is expected to propose a floating Russian oil price cap this week. The idea would be part of a new draft sanctions package and is an attempt to overcome opposition ....