Ukraine Announces ‘Humanitarian Corridor’ for Ships Stuck in Black Sea Ports August 11, 2023 By Olena Harmash Ukraine announced a “humanitarian corridor” in the Black Sea on Thursday to release cargo ships trapped in its ports since...
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...
Black Sea Exporters Struggle to Clear Danube Shipping Backlog August 9, 2023 Dozens of ships are backed up around critical Danube arteries close to Ukraine’s river gateways days after Russian drone attacks...
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...
Ukraine’s Drone Attack Hasn’t Yet Jolted Insurance Costs for Black Sea Oil Carriers August 8, 2023 By Alex Longley, Megan Durisin and Julian Lee A drone attack on a Russian oil tanker and a warning from Kyiv that more could follow has so far...
Ukraine Weighs Insuring Ships Going via ‘Grain Corridor’: Interfax-Ukraine August 3, 2023 Ukraine is considering the possibility of insuring ships going through the “grain corridor,” news agency Interfax-Ukraine reported on Thursday, citing...
Russia Strikes Ukraine’s Danube Port. Kyiv Says Aim Is to Intimidate Insurers, Shippers. August 3, 2023 By Pavel Polityuk Russia attacked Ukraine’s main inland port across the Danube River from Romania on Wednesday, sending global food prices higher as...
Inside EU, No Clear Financial Options Exist to Reduce Ukraine Grain Transport Costs July 28, 2023 By Julia Payne and Max Hunder The European Commission has no immediate money in the budget and no clear way to help finance the extra transport...
Operation Begins to Remove Oil From Rusting Yemen Tanker to ‘Avoid Catastrophe’: UN July 27, 2023 By Samy Magdy An international team began siphoning oil out of a decrepit oil tanker off the coast of Yemen on Tuesday, the...
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,...