marine insurance News

Shippers Warned to Stay Away From Iranian Waters as US-Iran Tensions Run High

Western-backed maritime forces in the Middle East on Saturday warned shippers traveling through the strategic Strait of Hormuz to stay as far away from Iranian territorial waters as possible to avoid being seized, a stark advisory amid heightened tensions between …

Ukraine Starts Registering Ships for Black Sea Corridor: Agency

Ukraine, which is seeking to form safe shipping routes in the Black Sea, has started registering ships willing to use the corridor it announced earlier this week, a local news agency said on Saturday [Aug. 12]. Ukraine on Thursday announced …

Russian Warship Fires Warning Shots at Cargo Ship in Black Sea

A Russian warship on Sunday fired warning shots at a cargo ship in the southwestern Black Sea as it made its way northwards, the first time Russia has fired on merchant shipping beyond Ukraine since exiting a landmark UN-brokered grain …

Ukraine Announces ‘Humanitarian Corridor’ for Ships Stuck in Black Sea Ports

Ukraine announced a “humanitarian corridor” in the Black Sea on Thursday to release cargo ships trapped in its ports since the outbreak of war, a new test of Russia’s de facto blockade since Moscow abandoned a deal last month to …

Black Sea Exporters Struggle to Clear Danube Shipping Backlog

Dozens of ships are backed up around critical Danube arteries close to Ukraine’s river gateways days after Russian drone attacks on the country’s ports, shipping data showed on Tuesday. The river and its mouth are Ukraine’s last remaining waterborne grain …

Russia Turns to ‘Shadow Fleet’ to Move Grain, as Its Shipping Challenges Grow

Russia’s lack of ships and Western grain traders’ shrinking appetite for business with Moscow are adding to rising costs of moving Russian wheat, at a time when the war in Ukraine has spilled perilously close to vital Black Sea supply …

Ukraine’s Drone Attack Hasn’t Yet Jolted Insurance Costs for Black Sea Oil Carriers

A drone attack on a Russian oil tanker and a warning from Kyiv that more could follow has so far had little impact on insurance costs for oil and commodity carriers in the key Black Sea region, as rates were …

Ukraine Black Sea Attacks Signal Expanding War; Russia Insurance Costs Likely to Rise

The footprint of President Vladimir Putin’s war on Ukraine is growing fast after a weekend in which sea drones crippled a Russian naval vessel and an oil tanker. For the first time, the attacks put at risk Russia’s commodity exports …

Romania Expects to Clear Danube Logjam After Ukraine Attack; Insurers Remain Wary

Romania expects around 30 ships from Ukraine to clear customs on the Danube River over the next two days as it bids to clear a logjam in the aftermath of Wednesday’s Russian attack on Ukraine’s main river port at Izmail. …

Ukraine Weighs Insuring Ships Going via ‘Grain Corridor’: Interfax-Ukraine

Ukraine is considering the possibility of insuring ships going through the “grain corridor,” news agency Interfax-Ukraine reported on Thursday, citing Prime Minister Denys Shmyhal. “Now we are discussing in the government and, I am sure, we will make a decision …