security News

Latest maritime security updates and reports

gCaptain
security March 6, 2026

Reinsurers Withdraw War-Risk Cover After US-Iran Naval Incident

gCaptain reports that London-based reinsurers are issuing seven-day cancellation notices on marine war-risk coverage following the torpedoing of an Iranian warship by a US submarine off the coast of Sri Lanka. This incident has heightened risk perceptions among insurers, according to sources familiar with the situation.

Splash247
security March 6, 2026

VLCC Day Rates Exceed $500,000 Amid Middle East Security Concerns

Splash247 reports that VLCC day rates have surged past half a million dollars as a US-led naval coalition warns that stationary vessels and ships on predictable routes are credible targets for sabotage in the Middle East. This advisory follows an incident where a tanker linked to the Stena-Sonangol suezmax pool was struck off the Iraqi coast.

Stena-Sonangol suezmax pool
gCaptain
security March 5, 2026

Hormuz Crisis Prompts War-Risk Measures for Seafarers

The global shipping industry is on high alert as tensions in the Middle East disrupt commercial traffic through the Strait of Hormuz, according to gCaptain. Hundreds of vessels are stranded, prompting insurers, labor groups, and shipowners to implement emergency measures.

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