Loss Prevention Advice
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Below you will a weekly report dated 11 March 2026, covering the period of 5 to 11 March, where the following incidents were reported:
- 1 maritime security incidents in West Africa in the last 7 days
- 8 maritime security incidents in the Indian Ocean/Middle East in the last 7 days.
Full advisory at the following link.
https://britanniapandi.com/wp-content/uploads/2026/03/ARC-Weekly-Report-11.03.26.pdf
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Further to Circular No. 05/26 of March 1, 2026, regarding the cancellation of War Risks cover for certain non-mutual covers in the Persian/Arabian Gulf and the Gulf of Oman, the Club advises that arrangements have now been made which may allow for the reinstatement of such cover for Charterers on a buy-back basis.
This coverage is subject to additional premium on a per voyage basis. For further details, rates, and terms and conditions, Members are asked to contact the Club’s Underwriting Department with full details of the relevant voyage.
The Notice that was issued on March 1, 2026, does not apply to mutual entries for P&I and FD&D cover.
Full advisory at the following link.
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The latest maritime intelligence, indicates that crisis conditions persist across the Strait of Hormuz, where reduced traffic, rising security threats and insurance pressures continue to disrupt global shipping routes.
As of 11 March 2026, the operating picture remains in crisis conditions across the Strait of Hormuz and adjacent Gulf waters. According to the Diaplous Weekly Intelligence report (4-11 March), commercial traffic remains drastically reduced, tanker flows have collapsed from pre-conflict levels, insurers have sharply repriced or withdrawn cover on selected voyages, and the tactical threat has remained active, with repeated projectile and drone-related incidents against commercial shipping and regional energy infrastructure.
The latest confirmed case is a cargo vessel struck by an unknown projectile in the Strait of Hormuz on 11 March, causing a fire and crew evacuation. In practice, this means the regional risk baseline has shifted from disruption-sensitive navigation to a persistently hostile, highly constrained operating environment where voyage viability, insurer acceptance, and real-time tactical conditions are all gating factors.
The Red Sea, Bab el-Mandeb, and Gulf of Aden remain elevated-risk rather than normalized. The immediate center of gravity has shifted eastward to Hormuz and the Gulf, but the western corridor has again absorbed secondary disruption as major liner operators paused or rerouted transits away from Suez and Bab el-Mandeb after the late-February escalation.
This should be treated as a reversal of the tentative corridor recovery seen earlier in 2026. Voyage planning should continue to align with BMP MS 2025, maintain pre-entry reporting to UKMTO and MSCIO, and assume that regional trigger events can rapidly transmit from the Gulf into Red Sea routing, pricing, and operational decisions.
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An analysis examining the implications of recent disruptions to maritime traffic in the Strait of Hormuz, one of the world’s most critical trade corridors.
Strategic importance of the Strait
As explained in the “Strait of Hormuz disruptions: Implications for global trade and development” publication, the Strait carries around one quarter of global seaborne oil trade, as well as significant volumes of liquefied natural gas and fertilizers. Military escalation in the region has disrupted shipping flows through this narrow passage, raising concerns about ripple effects across energy markets, maritime transport, and global supply chains.