Marine war tensions growing with Iran seizure of ship insured for $140mn
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Marine war tensions growing with Iran seizure of ship insured for $140mn

The MSC Aries was seized on Saturday by the Islamic Revolutionary Guard Corps.

By Samuel Casey
April 17, 2024
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Tanker Ship Straight of Hormuz Iran IRGC maritime marine risk.jpg

A containership seized by the Islamic Revolutionary Guard Corps (IRGC) in the Strait of Hormuz over the weekend has marine war coverage in place to the value of $140mn, Insurance Insider can reveal.

The

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