Ukraine Holds Online Talks With Partners on Grain Export Deal Extension: Source March 7, 2023 By Pavel Polityuk Ukraine has started online talks with partners on extending the Black Sea Grain Initiative aimed at ensuring Kyiv can keep...
Insurers to Pay Bangladesh Shipping Corp. $22.48M for Vessel Hit by Missile in Ukraine March 1, 2023 By Ruma Paul and Jonathan Saul Insurers are about to pay state-owned Bangladesh Shipping Corp. (BSC) $22.48 million for its vessel that was hit by a...
Ukraine to Set Up $500M Insurance Fund for Cargo Ships Entering Ports February 24, 2023 Ukraine will offer compensation for possible damages to civilian vessels entering its ports, Deputy Prime Minister Oleksandr Kubrakov said on...
Shipping Industry Grapples With Ways to Cut Cargo Fires at Sea February 22, 2023 Global shipping companies are exploring ways to boost safety in transporting cargoes as risks grow from fires erupting inside containers...
Western Tankers Ramp Up Russian Oil Shipments as Prices Remain Below G7 Price Cap February 1, 2023 Western oil tankers ramped up their shipments of Russian crude in January as prices for Moscow’s flagship Urals grade held...
Black Sea Shipping Costs Rise on Higher War Risk Insurance, Reinsurer Exclusions January 6, 2023 By Jonathan Saul Costs for hiring ships to transport commodities from the Black Sea have risen by more than a fifth since the...
Japan Insurers to Maintain Cover for LNG Vessels in Russian Waters December 30, 2022 By Ritsuko Shimizu and Yuka Obayashi Japanese insurers are expected to maintain marine war insurance, which covers the sinking and requisition of ships due to war...
How Will Japan Secure Shipping Insurance for Imports of Russian LNG? December 29, 2022 By Yuka Obayashi Japan, the world’s top liquefied natural gas (LNG) importer, is facing its latest challenge in securing vital gas supplies from...
Ship Insurers’ Exodus From Russia-Ukraine Risks Gathers Momentum December 29, 2022 By Alex Longley and Alaric Nightingale A host of shipping insurers altered their policies for 2023 to exclude claims linked to Russia’s war in Ukraine, a...
Ship Insurers to Cancel War Risk Cover for Russia, Ukraine Following Reinsurer Exit December 28, 2022 By Carolyn Cohn and Jonathan Saul Ship insurers said they are canceling war risk cover across Russia, Ukraine and Belarus, following an exit from the region...