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...
Does a Shipper Have Duty to Obtain Sufficient Insurance for Goods? February 28, 2023 By Andrew G. Simpson In a dispute over artwork lost in transit, a New York federal judge has ruled that FedEx Ground was liable...
Shipping Industry Grapples With Ways to Cut Cargo Fires at Sea February 22, 2023 Global shipping companies are exploring ways to boost safety in transporting cargoes as risks grow from fires erupting inside containers...
Maersk Sues Evergreen in Danish Court Over 2021’s Suez Canal Blockage February 13, 2023 Shipping group Maersk said on Monday it had filed a lawsuit against the owner and operator of container ship Ever...
‘Stay Tuned’ for Word on Russian Oil Price-Cap Plan, Says Yellen June 21, 2022 By Christopher Condon and Danielle Bochove Treasury Secretary Janet Yellen said talks are continuing on how the US and its allies might cap the price of...
Cost of Insurance for Merchant Ships Sailing to Black Sea Ports Spirals Out of Control April 11, 2022 By Ann Koh and Alaric Nightingale The cost of insuring merchant ships sailing to ports in the Black Sea has spiraled out of control, becoming a...
Sanctions Against Russia ‘Manageable’ for UK Insurers, Banks: Regulator March 9, 2022 By Huw Jones Sanctions against Russia in response to its invasion of Ukraine are “manageable” for Britain’s insurers and wider financial sector, Bank...
London’s Marine Insurers Widen High-Risk Shipping Areas as Ukraine Conflict Escalates March 9, 2022 By Jonathan Saul London’s marine insurance market has widened the area of waters around the Black Sea and Sea of Azov that it...
Insurers Raise Costs of Shipping Through Black Sea for Vessels Still Willing to Sail February 25, 2022 By Jonathan Saul Insurers have raised the cost of providing cover for merchant ships through the Black Sea, adding to soaring rates to...
Two Oil Tankers Lose Safety Certification Over Claims They Violated Iran Sanctions January 21, 2022 Two tankers have had their environmental and safety classification withdrawn by a U.S. company that provides such certification, after accusations...