Lessor Avolon Reports $304M Impairment Over Seized Russian Aircraft May 4, 2022 Major aircraft lessor Avolon recorded a first-quarter impairment of $304 million to cover the full financial impact of having 10...
Global Shipping Industry Pushes to Rescue Seafarers Trapped in Ukraine May 2, 2022 By Jonathan Saul Just under 500 seafarers remain stuck onboard 109 ships at Ukrainian ports – skeleton crews who were left on board...
EasyJet Cancels Leases on Russia-Owned Jets in Rare Sanctions Anomaly April 29, 2022 By Siddharth Philip EasyJet Plc terminated rental contracts on six Airbus SE jets owned by a Russian state leasing company in a rare...
Lloyd’s Insurer Lancashire Sees Manageable Russia-Ukraine Losses April 28, 2022 By Carolyn Cohn Shares in Lloyd’s of London insurer Lancashire jumped nearly 10% on Thursday as it estimated net losses in Ukraine at...
India’s ONGC Struggles to Ship Russian Oil to Asia as Sanctions Bite: Sources April 28, 2022 By Nidhi Verma and Jonathan Saul India’s Oil and Natural Gas Corp. (ONGC) is struggling to find a vessel to ship 700,000 barrels of crude from...
Exxon Mobil Declares Force Majeure on Its Russian Sakhalin-1 Operations April 28, 2022 Exxon Mobil Corp. said on Wednesday its Russian unit Exxon Neftegas Ltd. has declared force majeure for its Sakhalin-1 operations...
Air Lease to Write Off Value of 27 Jets Stranded in Russia April 25, 2022 Air Lease Corp. said on Friday it would write off the value of the 27 jets it has remaining in...
ESG, Invasion of Ukraine Focus of Marsh McLennan Earnings Call April 22, 2022 By Chad Hemenway Much attention was paid to ESG (environmental, social, and governance) issues and the Russian invasion of Ukraine as Marsh McLennan...
India Halves Fundraising Goal to $3.9B for Life Insurance Corp.’s IPO: Source April 22, 2022 By Aftab Ahmed New Delhi is halving its fundraising goal for Life Insurance Corp. of India’s IPO to 300 billion rupees ($3.9 billion),...
Impounded Russian Tanker to Be Released by Greece Amid Confusion Over Sanctions April 22, 2022 By Renee Maltezou and Jonathan Saul A Russian tanker impounded by Greece this week and reportedly carrying Iranian oil will be released amid confusion about sanctions...