Russia’s Largest Cargo Airline Ordered to Pay Aircraft Lessor BOC Aviation $406.2M April 12, 2023 By Jonathan Stempel /A U.S. judge on Tuesday ordered Russia’s largest cargo airline to pay aircraft lessor BOC Aviation Ltd. $406.2 million after...
Russia’s GAZ Group Files $348M Suit Against Volkswagen April 10, 2023 The Gorky Automobile Plant, part of Russia’s GAZ Group which was contracted to assemble cars for Volkswagen, has filed a...
Munich Re Will Not Extend Nord Stream 1 Coverage When It Expires This Year April 6, 2023 Munich Re will not proactively extend coverage for the Nord Stream 1 pipeline when it expires later this year, a...
Germany’s Allianz Does Not Plan to Renew Policy for Nord Stream 1 Project April 6, 2023 German insurance company Allianz said on Wednesday it does not intend to renew a policy for the Nord Stream 1...
Western Curbs on Russian Oil Products Redraw Global Energy Shipping Patterns April 6, 2023 By Mohi Narayan and Jonathan Saul Global fuel suppliers are turning to longer and costlier routes that produce more carbon emissions to move their diesel and...
German Insurers Renew Cover for Blast-Damaged Nord Stream 1 Gas Pipeline April 4, 2023 By Jonathan Saul, Carolyn Cohn, Christoph Steitz and John O'Donnell German insurers Allianz and Munich Re have renewed cover for the damaged Russia-controlled Nord Stream 1 gas pipeline, five sources...
UN Maritime Agency Raises Safety Concerns About Shadow Oil Tanker Fleet April 3, 2023 By Alaric Nightingale and Thomas Gualtieri A United Nations agency that oversees shipping raised concerns about the shadow fleet of tankers that has emerged to transport...
Russia Still Uses Western Insurance for Half of Tanker Fleet That Exports Its Oil March 30, 2023 By Bloomberg News Russia still relies on Western insurers to cover more than half of the tanker fleet that exports its oil, according...
Russia Has Successfully Rerouted Oil Exports Hit by Western Embargo: Energy Minister March 28, 2023 By Vladimir Soldatkin Russia has successfully redirected all its crude oil exports affected by Western sanctions over Ukraine to “friendly” countries, Energy Minister...
Aging Shadow Fleet, Shipping Russian Oil, Poses Disaster Risk March 27, 2023 By Asad Zulfiqar The oil tanker Turba normally should have been melted down by now. The 26-year-old vessel hasn’t had a full inspection...