Ideas Are ‘Being Floated’ on How to Get Ukraine, Russia Grain to World: UN July 19, 2023 By Michelle Nichols There are a “number of ideas being floated” to help get Ukrainian and Russian grain and fertilizer to global markets...
Ukraine Cargo Insurance Policy Suspended After Russia Quits Grain Deal: Marsh July 18, 2023 A cargo insurance facility providing cover for Ukraine grain shipments via a safe sea corridor has been suspended after Russia...
Ukraine Finance Chief Sees Urgent Need for War-Risk Insurance July 7, 2023 By Maria Tadeo and Volodymyr Verbyany Ukraine’s wartime defense spending will remain high next year, underscoring the need for allies to provide war-risk insurance to help...
Marsh McLennan to Work With Ukraine to Provide Access to Global Insurance Market June 23, 2023 Marsh McLennan, the professional services firm in the areas of risk, strategy and people, today announced that it will work...
UN Secures Insurance Coverage to Salvage Rusting Oil Tanker off Coast of Yemen June 14, 2023 By Samy Magdy The United Nations Development Programme (UNDP) announced the successful binding of insurance coverage for the mission coordinated by the United...
The Dangerous $140M Mission to Defuse an Oil Tanker Ready to Explode June 14, 2023 An operation is finally underway to transfer the oil from a stricken tanker off the coast of Yemen that maritime...
Oil Tanker Seized by Iran Had Indian Crew, Turkey-Based Operator Says May 1, 2023 By Verity Ratcliffe An oil tanker seized by Iran on Thursday was carrying Kuwaiti crude and had a crew of 24 Indians, according...
Japanese Shipping Firm Seeks Government Support for Russia Insurance Risk March 23, 2023 By Shoko Oda and Tsuyoshi Inajima Major Japanese shipping company Nippon Yusen KK is seeking a government guarantee to insure vessels at risk from Russia’s war...
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...