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Muslim Maritime Control Strait Hormuz

Muslim Maritime Bloc to Control Straits Strait of Hormuz The shipping lanes in the Strait of Hormuz are located primarily in  Omani territorial waters and partially in Iranian territorial waters and governed by international maritime law and the United Nations Convention on the Law of the Sea (UNCLOS). Iran’s naval presence has the ability to

Insurance Bunkering & Coalition Force in Red Sea

Insurance Costs Surge on Red Sea Routes Isn't it intriguing that only the major container lines and not tankers, LNG and bulk carriers have diverted from the Red Sea routes. A Suezmax tanker with a load of 750,000 barrels priced at $80/bbls is a cargo worth around $60 million. At a war risk insurance of

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