Dominica-Flagged Cargo Ship Sinks in Ukrainian Port of Mariupol After Missile Attack April 6, 2022 By Jonathan Saul A Dominica-flagged cargo ship sank on Tuesday in the besieged southern Ukrainian port city of Mariupol after being targeted by...
Mediterranean Marine Fuel Suppliers Stop Serving Russian Ships: Sources April 4, 2022 By Jonathan Saul Marine fuel sellers have stopped serving vessels flying the Russian flag at major European hubs including Spain and Malta in...
UK’s Asset Freeze of Russian Shipping Firm Sovcomflot Causes Problems for Re/Insurers March 25, 2022 By Jonathan Saul Russia’s top shipping company Sovcomflot (SCF), already struggling to find berths to discharge cargoes, is facing fresh pressure after the...
Bangladesh Files $22.4M Insurance Claim After Missile Hits Ship in Ukraine March 21, 2022 By Ruma Paul and Jonathan Saul State-owned Bangladesh Shipping Corp. is seeking $22.4 million from its insurer for a cargo ship hit by a missile in...
London’s Marine Insurers Widen High-Risk Shipping Areas as Ukraine Conflict Escalates March 9, 2022 By Jonathan Saul London’s marine insurance market has widened the area of waters around the Black Sea and Sea of Azov that it...
As Foreign Seafarers Are Evacuated From Ukraine, Mariners Count Cost of War March 8, 2022 By Jonathan Saul and Ruma Paul Bangladeshi seafarer Asiful Islam recalls the moment when a missile struck his cargo ship last week off the Ukrainian port...
Ship Insurer West Withdraws Cover on 2 Russian Ships Over U.S. Sanctions March 3, 2022 By Jonathan Saul British ship insurer West of England has withdrawn cover for two container ships operated by Russia’s FESCO Transportation Group after...
Insurers Raise Costs of Shipping Through Black Sea for Vessels Still Willing to Sail February 25, 2022 By Jonathan Saul Insurers have raised the cost of providing cover for merchant ships through the Black Sea, adding to soaring rates to...
Global Shipping Industry Faces Growing Pressure to Cut Greenhouse Gas Emissions December 28, 2021 By Jonathan Saul Ocean freight costs are likely to remain high in 2022 as investors and regulators scramble to accelerate decarbonization of the...
Shipping Firms in Crosshairs as Investors, Insurers Shun Coal November 12, 2021 By Jonathan Saul Shipping companies that transport the world’s coal are in the crosshairs of some financial backers who are cleaning up their...