Russia Says It Won’t Sell Oil to Nations That Cap Prices November 22, 2022 By Bloomberg News Russia doesn’t plan to supply crude or oil products to nations that implement a price cap, according to Deputy Prime...
Turkey to Demand Oil Tankers Have Proof of Insurance, Adding Teeth to Russia Sanctions November 17, 2022 By Alex Longley, Ugur Yilmaz and Ercan Ersoy Turkey warned the world’s oil shippers they will need to prove they’re insured to cross the country’s vital straits, a...
Five Iran-Connected Oil Tankers Lose Their Flags Following U.S. Sanctions November 15, 2022 By Marianna Parraga The international ship registries of Djibouti and the Cook Islands suspended the flags on five oil tankers, following sanctions by...
Ambac Acquires New Jersey Commercial Auto MGU and Marine Broker November 9, 2022 Financial services holding company Ambac Financial Group, Inc. announced that it has acquired majority stakes in both All Trans Risk...
Howden Acquires French Marine Insurance Broker Seasecure Group October 5, 2022 Howden, the London-based insurance broker, announced it has acquired Seasecure Group, the last remaining independent marine broker in France. Seasecure...
Insurers Ask Court in New York to Seize, Sell Vessel to Pay $39M in Cargo Losses September 29, 2022 By Andrew G. Simpson More than 30 insurers that have paid an estimated $39 million in lost cargo claims, along with cargo owners without...
EU Weighs Ban on Shipping Russian Oil as Part of Price Cap September 28, 2022 By Alberto Nardelli and Ewa Krukowska The European Union is considering adding shipping restrictions to its oil sanctions as the bloc continues to discuss the introduction...
Deadly Sinking of New England Fishing Vessel Prompts Call for Inspections, Locator Beacons September 16, 2022 By Patrick Whittle and David Sharp PORTLAND, Maine (AP) —A fishing vessel that sank in New England, resulting in the loss of all four fishermen, likely...
Greek-Managed Vessel Shipped Coal From Russia Despite EU Sanctions September 15, 2022 By Áine Quinn and Alberto Nardelli A vessel managed by a company based in Greece transported coal from a port in Russia late last month, after...
G7’s Price Cap on Russia Oil Takes Shape but Will Russia Sidestep Insurance Rules? September 12, 2022 By Timothy Gardner The Group of Seven countries is working to cap the price of Russian oil in an attempt to limit Moscow’s...