War Risk Exclusions and Ship Recycling Updates in the Maritime Industry

## War Risk Insurance Exclusions in the Persian Gulf According to Hellenic Shipping News, Steamship Mutual has issued a notice of cancellation for war risks in the Persian Gulf region. The Association's reinsurers have provided notice to cancel war risk coverage in this area, citing increased geopolitical tensions. This means Steamship Mutual members will no longer be covered for war-related claims originating within the specified geographical limits. The cancellation of war risk insurance in the Persian Gulf is a significant development that maritime operators will need to closely monitor. Vessels transiting this region may face higher costs or difficulty obtaining adequate coverage, potentially disrupting trade and shipping activities. Industry groups will likely advocate for a resolution to restore affordable war risk protection for the affected areas. ## Updates to European Ship Recycling Facilities List The European Commission has published the 15th edition of the European List of Ship Recycling Facilities, reports Hellenic Shipping News. This update includes the addition of Germany's first approved ship recycling yard, located in Emden. The list also renews the inclusion of four existing facilities in Denmark, Estonia, Lithuania, and Spain, as well as one in Türkiye. The European List is an important regulatory tool that ensures ship recycling is conducted in an environmentally sound manner, in line with the EU Ship Recycling Regulation. By approving new yards and maintaining the list, the Commission is working to promote sustainable end-of-life practices for vessels within Europe. This development signals continued progress towards responsible ship recycling across the continent. Maritime companies and owners will need to factor the updated European List into their vessel disposal strategies, ensuring compliance with regional regulations. The addition of Germany's first approved facility also expands the options available for EU-flagged ships seeking environmentally compliant recycling services.