marine insurance

Latest news and articles about marine insurance from NEX English

Increase Marine Insurance Costs Due to Iranian Threats in Hormuz

The rising threat from Iranian forces to ships in the vital Strait of Hormuz has led to a significant increase in marine insurance costs, impacting the global shipping industry. This escalation occurs amid heightened tensions from U.S. and Israeli military pressures on Iran.

Heightened Shipping Risks in Strait of Hormuz Amid Iran Conflict

Amanda Bjork, head of claims at Cambiaso Risso Asia, reported that risk levels in the Strait of Hormuz have reached a 'very high' status. This statement was made during her conversation with Bloomberg at the 2026 Asia-Pacific Maritime Conference.