Russian Oil Is Being Stored in Ghana as Pool of Buyers Shrinks February 27, 2023 By Ekow Dontoh, Sherry Su and Lucia Kassai A cargo of Russian oil is heading for storage tanks in Ghana, a nation that exports crude itself and is...
Insurers Face $500M in Claims for Ships Stuck in Ukraine – a Year After Start of War February 24, 2023 By Jonathan Saul Insurers are facing half a billion dollars in claims for up to 60 commercial ships still stuck in Ukraine a...
Ukraine to Set Up $500M Insurance Fund for Cargo Ships Entering Ports February 24, 2023 Ukraine will offer compensation for possible damages to civilian vessels entering its ports, Deputy Prime Minister Oleksandr Kubrakov said on...
Shipping Industry Intensifies Calls to Free Seafarers Still Trapped by Russia-Ukraine War February 24, 2023 By Brendan Murray The global shipping industry is stepping up calls for the United Nations and aid groups to help evacuate hundreds of...
EU Sanctions Aim to Make Banks Report Frozen Russia Assets; Russia Reinsurer on List February 16, 2023 By Alberto Nardelli The European Union is poised to force banks to report information on Russian Central Bank assets as part of the...
Western Tankers Ramp Up Russian Oil Shipments as Prices Remain Below G7 Price Cap February 1, 2023 Western oil tankers ramped up their shipments of Russian crude in January as prices for Moscow’s flagship Urals grade held...
Aircraft Leasing Companies Cautious About Risky Markets After $10B Hit in Russia January 23, 2023 By Conor Humphries and Padraic Halpin Aircraft leasing companies, which own most of the world’s passenger jets, face a tricky balance between risks and rewards after...
Major Aviation Insurer AXA Pulls Back on War Coverage After Ukraine Losses: Reuters January 19, 2023 By Carolyn Cohn, Jonathan Saul and Noor Zainab Hussain The commercial arm of French insurer AXA is reducing cover offered to aviation companies as it seeks to protect the...
Environmental, Social and Governance Credit Risks to Rise in 2023: Moody’s January 10, 2023 By Juliette Portala Economic and political turbulence caused by the COVID-19 pandemic and Russia’s invasion of Ukraine will be likely to heighten environmental,...
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...