Frederic Denefle News Today

Houthi attacks on commercial ships in the Red Sea hiked the shipping insurance rates, with fees being imposed to cover risks associated with conflicts. Since last Nov. 19, Iran-backed Houthis have targeted ships in the Red Sea that they suspect are linked to Israel or heading to its ports. Houthis say their attack is in support of the Gaza Strip, which has been witnessing a war since Oct. 7, 2023. According to the International Monetary Fund (IMF), Red Sea container shipping dropped 30% within a...

Attacks by Yemens Huthi rebels on commercial ships in the Red Sea have sent insurance premiums surging, exacerbating costs already stretched by soaring freight rates and longer alternative trade routes.

Attacks by Yemen's Huthi rebels on commercial ships in the Red Sea have sent insurance premiums surging, exacerbating costs already stretched by soaring freight rates and longer alternative trade routes.The Huthis have carried out relentless attacks since November on shipping transiting the Red Sea, a maritime hub through which 12 percent of global trade usually passes.

Attacks by Huthi rebels have sent insurance premiums surging, exacerbating costs already stretched by soaring freight rates.

ALBAWABA – Only a dozen countries are producing enough grains to export, AFP reported Tuesday, as Russia tops grain exporters worldwide

Cargo companies have been left with a challenging task to find an alternative route, especially for grain, as the risk of bombing has made it virtually...

The risk of bombing has made it virtually impossible to insure ships leaving Ukraine via the Black Sea, leaving the sector to find an alternative route, especially for grain.Ports along this alternative route are also under attack from Russians, according to Frederic Denefle, head of Garex, a French company specialised in marine risk insurance.

The risk of bombing has made it virtually impossible to insure ships leaving Ukraine via the Black Sea, leaving the sector to find an alternative route, especially for grain.

Insurers are facing half a billion dollars in claims for up to 60 commercial ships still stuck in Ukraine a year after the start of the war with Russia, industry sources said.

By Jonathan Saul LONDON, Feb 24 (Reuters) – Insurers are facing half a billion dollars in claims for up to 60 commercial ships still stuck in Ukraine a year after the start...