The Caspian Sea has taken on new strategic importance as Russia uses the route to ship military and commercial goods to Iran.The reported aim is to help bolster Tehran's ability to withstand U.S. pressure.The supporting material says the landlocked body of water is now being used as a trade corridor between Russia and Iran.It does not give details on the volume of shipments, the timing of individual deliveries or the specific goods involved.The development matters because it points to a logistics channel that may be less exposed than other routes to external pressure.It also underlines how transport links across the... [Continue Reading]
DP World has launched a first-of-its-kind cargo war risk insurance solution for companies trading in or through the Middle East. The programme is designed to address disruption on regional trade routes where traditional insurance has become fragmented, costly and often unavailable. The coverage is described as end-to-end, extending across the full supply chain from ocean or air transit through port storage and inland delivery. DP World said the structure closes gaps left by conventional policies, which typically insure only a single leg of the journey. The policy covers physical loss or damage caused by war-related risks, including conflict, civil unrest,... [Continue Reading]