The EU's ban on marine insurance for tankers carrying Russian oil exports could limit options for insuring vessels outside the bloc as it also covers the reinsurance market. There will be fewer..
In the past seven years, China created and developed its first overseas military base for the Peoples Liberation Army (PLA) at Djibouti. Djibouti is strategically situated astride the Bab-el-Mandeb..
Protesters have started to shut down Libya's 200,000 b/d eastern Sarir field, according to a Libyan source, amid threats of port disruptions at Es Sider and Ras Lanuf.
Iran’s Islamic Revolutionary Guard Corps revealed on Friday that it had seized two oil tankers belonging to Greece, which has accused Tehran of piracy for its taking of Delta Poseidon and Prudent..
The UN Security Council unanimously adopted a resolution on combating piracy in West Africa. Norway and Ghana introduced the initiative and led the negotiation process leading up to the resolution.
India, the United States, Japan and Australia have planned to launch a satellite-based maritime security system at the Quad summit in Tokyo to check China’s illegal fishing in the Indo-Pacific region.