Japan’s LNG Buyers Assess How Insurance Halt Will Affect Supplies December 27, 2022 By Shoko Oda and Tsuyoshi Inajima Japan’s buyers of Russian liquefied natural gas are assessing how imminent changes to shipping insurance — triggered by the ongoing...
Japan Urges Its Insurers to Retain Marine War Cover for LNG Shippers in Russian Waters December 27, 2022 The Japanese government has asked insurers to take on additional risks to continue providing marine war insurance for liquefied natural...
Insurers May Refuse to Cover Planes, Ships Exposed to Ukraine Conflict: Sources December 19, 2022 Insurers may refuse to cover planes flying to Ukraine or ships sailing through the Black Sea as reinsurers – who...
Ship Reinsurers to Cease Covering War-Related Risks Related to Conflict in Ukraine December 16, 2022 By Steven Arons, Áine Quinn and Alex Longley Some of the biggest names in ship reinsurance are days away from ceasing to cover key war-related risks for vessels...
Insurers and Turkey Reach Deal to Let Oil Tankers Sail Unhindered: Norway’s Gard December 13, 2022 Norwegian ship insurer Gard said on Tuesday that an agreement had been reached between Turkey and insurers to enable vessels...
Russia Insurer Ingosstrakh Has No Plans to Fill Insurance Gap Caused by Sanctions December 13, 2022 Russian insurer Ingosstrakh said on Monday it has no plans to offer policies to new clients who may lose coverage...
Insurance-Related Oil Tanker Backlog Starts to Clear in Turkey’s Vital Shipping Strait December 12, 2022 By Alex Longley and Alaric Nightingale A backlog of tankers waiting to haul oil through Turkey’s vital shipping straits appeared to start clearing, offering hope that...
G7 Price Cap on Russia Oil Not to Blame for Tanker Queues: EU Says December 9, 2022 By Kate Abnett The Group of Seven countries’ price cap on Russian oil is not responsible for a queue of tankers waiting in...
Sanctions, Insurance Standoff Escalates, With More Oil Tankers Stuck in Turkish Strait December 9, 2022 By Firat Kozok, Taylan Bilgic and Patrick Sykes A standoff over sanctions and insurance that has caused a jam of oil tankers at the key Bosphorus shipping strait...
Millions of Barrels of Oil Stuck Near Turkey on Sanctions-Related Insurance Glitch December 8, 2022 By Alex Longley, Sherry Su and Christopher Condon A backlog of oil tankers at the Turkish straits continues to build up as negotiations failed to produce a solution...