IMO

IMO says 6,000 seafarers stranded as Hormuz crisis hits six months

The International Maritime Organization marked a grim milestone this week, reporting that approximately 6,000 seafarers aboard as many as 400 ships remain unable to leave the Persian Gulf safely, six months after conflict between the United States and Iran shut…

Insurers slash war premiums for Strait of Hormuz ships

Insurers have cut war-risk premiums for ships transiting the Strait of Hormuz by more than half, as oil flows through the critical waterway return to levels not seen since before the U.S.-Iran conflict began in February, according to a report…