P&I Club
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Singapore Bunker Demand Surges 13% in March Amid Middle East Disruption
Singapore bunker fuel demand jumped 13% in March to 4.99 million MT as Middle East disruptions drive more vessels to the world’s largest refueling hub.
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Houthi Maritime Risks Threaten Bulk Trade Routes and P&I Coverage
Houthi maritime attacks threaten bulk carrier operations, forcing route changes via Cape of Good Hope and requiring enhanced P&I coverage evaluation.
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US Doubles Maritime Insurance Backstop to $40B for Hormuz Transit
Trump administration doubles maritime insurance backstop to $40B for Strait of Hormuz transits, though shipowners remain cautious about resuming operations.
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U.S. Doubles Hormuz Insurance Backstop to $40 Billion for Ship Coverage
U.S. doubles Hormuz insurance backstop to $40 billion for commercial shipping, though shipowners remain cautious about strait transits.