Putin Bans Russian Oil Exports to Countries Implementing Sanctions-Related Price Cap December 28, 2022 By Alexander Marrow and Vladimir Soldatkin President Vladimir Putin on Tuesday delivered Russia’s long-awaited response to a Western price cap, signing a decree that bans the...
Ship Insurers to Cancel War Risk Cover for Russia, Ukraine Following Reinsurer Exit December 28, 2022 By Carolyn Cohn and Jonathan Saul Ship insurers said they are canceling war risk cover across Russia, Ukraine and Belarus, following an exit from the region...
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...
EU Unity Over Russia Sanctions Falters as Europe’s Economy Weakens December 20, 2022 By John O'Donnell European Union unity over sanctions on Russia has started to falter as jitters about the impact on Europe’s own stumbling...
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...