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 Threatens to Bypass UN-Brokered Grain Deal, Cites Insurance as Barrier April 10, 2023 By Huseyin Hayatsever and Guy Faulconbridge Russia on Friday threatened to bypass the UN-brokered grain deal unless obstacles to its agricultural exports were removed, while talks...
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...
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 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...
Denmark to Salvage Unidentified Object in Nord Stream Blast Probe March 24, 2023 By Bloomberg News Denmark is salvaging an unidentified object found next to a Russian gas pipeline that was damaged in a blast last...
Insurers Continue to Cover Ukraine Grain Corridor Shipments, for Now: Lloyd’s Chairman March 24, 2023 By Jonathan Saul Insurers continue to cover grain shipments from Ukraine through a U.N.-backed corridor although more clarity will be required soon, a...
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...