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Claims They Violated Iran Sanctions January 21, 2022 Two tankers have had their environmental and safety classification withdrawn by a U.S. company that provides such certification, after accusations...
Giant Container Ship, Which Blocked the Suez in March, Again Crosses the Canal August 23, 2021 ISMAILIA, Egypt – The giant container ship Ever Given, which blocked the Suez canal for six days in March, crossed...
Ever Given Container Ship Resumes Trip to Rotterdam After 112 Days in Egypt’s Waters July 13, 2021 The Ever Given container ship that had blocked the Suez Canal in March left Egyptian waters at 4 a.m. local...
Ever Given Container Ship Resumes Journey from Suez, 106 Days After Getting Stuck July 7, 2021 By Nadeen Ebrahim ISMAILIA, Egypt – The Ever Given, one of the world’s largest container ships, resumed its journey and left the Suez...
Update: Ship that Blocked Suez Canal to Be Released; Formal Settlement Is Agreed July 4, 2021 ISMAILIA, Egypt — The owners and insurers of the Ever Given container ship that blocked the Suez Canal in March...
Egypt Expects to Finalize Ever Given Compensation Deal Next Week June 24, 2021 By Abdel Latif Wahba Egypt expects to finalize an agreement next week for compensation over the giant ship that blocked the Suez Canal in...
Insurers, Owners of Seized Ship Reach Agreement in Principle with Suez Canal Authority June 23, 2021 ISMAILIA, Egypt – A representative for the owners and insurers of a giant cargo ship that blocked the Suez Canal...