Marine insurers seek solutions as Gulf shipping threats evolve

Marine insurers are exploring new ways to revive seaborne trades in the Persian Gulf as threats shift from the weapons of past tanker wars to drones and modern missiles even as US offers to backstop war-risk insurance meets a cautious response. More than 10 ships have been targeted in the Strait of Hormuz and surrounding waters since the US-Iran war broke out Feb. 28, leading to crew casualtiesMarine insurers are exploring new ways to revive seaborne trades in the Persian Gulf as threats shift from the weapons of past tanker wars to drones and modern missiles even as US offers to backstop war-risk insurance meets a cautious response. More than 10 ships have been targeted in the Strait of Hormuz and surrounding waters since the US-Iran war broke out Feb. 28, leading to crew casualtiesRead More