marine cargo insurance News

Update: Burning Car Carrier Off Dutch Coast Towed Away From Shipping Lanes

A burning car carrier off the Dutch coast has been towed to a new location away from shipping lanes as part of an operation to salvage the ship, the Dutch public works and water management ministry and local media said …

Ship Carrying BMWs and Mercedes Ablaze Off Dutch Coast Could Burn for Days

A cargo ship carrying almost 3,800 cars and construction vehicles is likely to continue burning for days, according to the Dutch coast guard, which is leading efforts to contain the blaze. BMW AG and Mercedes-Benz Group AG each have several …

Inside EU, No Clear Financial Options Exist to Reduce Ukraine Grain Transport Costs

The European Commission has no immediate money in the budget and no clear way to help finance the extra transport costs Ukrainian grain exports will face with the end of the Black Sea deal, sources told Reuters, leaving an opportunity …

Update: Ship Carrying 3,000 Cars Ablaze off Dutch Coast, One Crewmember Dead

A fire blazed on a ship off the Dutch coast with nearly 3,000 vehicles on board on Wednesday, killing one member of the crew and injuring several others, the coastguard said. The fire began on Tuesday night on the 199-meter …

Russia’s Danube Attacks Threaten Ukraine Grain Exports; Ports’ Insurance Rates Rise

Russian air strikes on Ukrainian grain facilities on the Danube this week threaten a vital river route for Kyiv’s exports, as Moscow seeks to tighten the noose around a key sector of the economy days after abandoning the Black Sea …

Nearly 30 Ships Drop Anchor Near Ukraine’s Crucial Izmail Port After Russian Air Strikes

Almost 30 ships dropped anchor near Ukraine’s crucial Izmail port terminal after Russia destroyed grain warehouses on the Danube River on Monday, data showed, although it was unclear exactly what had caused them to stop. Monday’s pre-dawn Russian air strikes …

Black Sea Shipping Traffic Drops 35% After Russia, Ukraine Warnings

The number of ships looking to pick up grain cargoes from the Black Sea area has fallen 35% this week versus the previous week with growing uncertainty over whether commercial traffic could be hit as Russia continues to pound food …

Markets/Coverages: Insurtech Loadsure Launches Ocean Cargo, Stock Throughput Cover

Insurtech Loadsure announced the launch of digital ocean cargo and stock throughput insurance products: “Danube – Dynamic Ocean Cargo Insurance” and “Huron.” Loadsure described the products as “powerful tools for brokers, who will be able to quote cost-effective annual cover …

Black Sea Threats Escalate as Ukraine Warns on Russian Ships

Ukraine said any ships heading to Russian ports may be military targets, a tit-for-tat response to a threat from Moscow that escalates the war’s risk to global food markets. Since Moscow halted the Black Sea agreement that allowed Ukraine to …

Ukraine Setting Up Temporary Shipping Route After Russia Grain Deal Exit: Official Letter

Ukraine is setting up a temporary shipping route to maintain grain shipments after Russia quit a deal allowing Ukrainian exports via a UN-backed safe corridor in the Black Sea, Kyiv said on Wednesday. Russia attacked Ukraine’s Black Sea Odesa port …