Lloyd’s in Talks With UN Over New Black Sea Grain Insurance Cover: CEO Neal September 8, 2023 By Jonathan Saul and Carolyn Cohn Lloyd’s of London is in talks with the United Nations over providing insurance cover for Ukrainian grain shipments if a...
Ships Remain Backed Up in Black Sea Lanes as Russia Warning Shots Raise Tensions August 15, 2023 By Jonathan Saul Merchant ships remained backed up in lanes around the Black Sea on Monday as ports struggled to clear backlogs amid...
Lloyd’s Leads Insurers in Raising Rates, Cutting Taiwan Cover as Conflict Risks Rise August 10, 2023 By Jonathan Saul and Carolyn Cohn Lloyd’s of London underwriters are leading insurers in raising rates and cutting the amount of cover they offer for risks...
Russia Turns to ‘Shadow Fleet’ to Move Grain, as Its Shipping Challenges Grow August 9, 2023 By Jonathan Saul and Nigel Hunt Russia’s lack of ships and Western grain traders’ shrinking appetite for business with Moscow are adding to rising costs of...
Russia’s Danube Attacks Threaten Ukraine Grain Exports; Ports’ Insurance Rates Rise July 26, 2023 By Max Hunder and Jonathan Saul Russian air strikes on Ukrainian grain facilities on the Danube this week threaten a vital river route for Kyiv’s exports,...
Nearly 30 Ships Drop Anchor Near Ukraine’s Crucial Izmail Port After Russian Air Strikes July 25, 2023 By Jonathan Saul Almost 30 ships dropped anchor near Ukraine’s crucial Izmail port terminal after Russia destroyed grain warehouses on the Danube River...
Black Sea Shipping Traffic Drops 35% After Russia, Ukraine Warnings July 21, 2023 By Jonathan Saul The number of ships looking to pick up grain cargoes from the Black Sea area has fallen 35% this week...
Ukraine Setting Up Temporary Shipping Route After Russia Grain Deal Exit: Official Letter July 20, 2023 By Jonathan Saul Ukraine is setting up a temporary shipping route to maintain grain shipments after Russia quit a deal allowing Ukrainian exports...
Insurers Reviewing Black Sea Ship Cover After Russia Quits Grain Deal: Sources July 17, 2023 By Jonathan Saul Insurers are reviewing whether to freeze cover for any ships willing to sail to Ukraine after Russia on Monday quit...
Stricter UAE Ship Insurance Rules Look to Cut Oil Spill Risks June 8, 2023 By Jonathan Saul Tougher requirements for some ship insurers covering United Arab Emirates ships are aimed at boosting environmental safety, the UAE state...