You are using an outdated browser For a better experience using this site, please upgrade to a modern web browser. Subscribe Get Daily Email Subscribe --> Contact Us Sign in Home News & Features Compliance Costs Bunker Prices Bunker Intelligence EMEA News Latest Features World Americas EMEA Asia/Pacific Home News & Features EMEA Maritime Insurer Skuld Cancels Certain War Risk Cover in Red Sea Area Maritime Insurer Skuld Cancels Certain War Risk Cover in Red Sea Area by Ship & Bunker News Team Wednesday August 12, 2026 Tweet Follow @shipandbunker The cancellation will take effect in 72 hours from 00:01 GMT on August 16. File Image / Pixabay Marine insurance provider Skuld  has cancelled certain war risk coverage in parts of the Red Sea, Gulf of Aden and Indian Ocean amid recent vessel attacks in the region. The cancellation will take effect in 72 hours from 00:01 GMT on August 16 , it said in an emailed update on Wednesday . “In light of concerning developments in the Red Sea area, which have materially increased geopolitical and operational uncertainty, the Association has received a notice of cancellation from its reinsurers in respect of certain commercially reinsured war risks,” Skuld said. “It is therefore necessary for the Association to issue a corresponding Notice to Assureds.” A cargo ship, Tihamah , was struck by the Houthis off the coast of Yemen yesterday, leading to the death of four crew members. The notice applies to certain fixed-premium assureds, including owners, charterers, offshore and yacht risks. Skuld said the cancellation does not affect mutual P&I, FD&D or Excess War Risks cover. The insurer is also finalising a buy-back option that would allow affected assureds to reinstate the cancelled war-risk cover. Ship & Bunker News Team To contact the editor responsible for this story email us at [email protected] Also in the News UKMTO Reports Incident Involving Vessel in Gulf of Oman The agency received an incident