Two Singapore-registered container vessels were struck by unknown projectiles while transiting the Strait of Hormuz on 13 and 14 October, respectively, according to Singapore's Maritime and Port Authority (MPA). One vessel sank, while the other sustained hull damage.
GFS PRIDE sustained damage and caught fire on 13 October before subsequently sinking. All 21 crew members were safely evacuated, with no injuries reported. GFS GISELLE was struck on 14 October but reached a safe anchorage under its own power. All 22 crew members were safe.
The MPA said it was in contact with the vessels’ management company and was monitoring the situation. It described the attacks as unprovoked and unjustifiable, and a breach of international law. No Singaporeans were aboard either vessel.
The incidents highlight the insurance risks facing commercial shipping in a strategically important maritime corridor. The sinking of GFS PRIDE could result in a substantial hull loss, while damage to GFS GISELLE could generate repair costs and potential business interruption losses.
The incidents could also prompt closer scrutiny of war-risk insurance coverage, including policy exclusions, deductibles and additional premiums for vessels transiting high-risk waters.