Russia’s Leading Shipping Firm Sovcomflot Plans to Sell Part of Its Fleet: Report May 6, 2022 Russia’s leading shipping company Sovcomflot plans to sell part of its fleet, it said on Friday, as it grapples with...
Western Ship Insurers Terminate Cover for Russia’s Sovcomflot as Sanctions Expand May 4, 2022 By Jonathan Saul Western ship insurers are terminating cover for Russia’s leading shipping company Sovcomflot as multiple sanctions start to bite, companies involved...
EU Seeks to Target Russia’s Global Oil Exports With Insurance, Services Ban May 4, 2022 By Nikos Chrysoloras, Alberto Nardelli, Alex Longley and Alaric Nightingale The European Union is seeking to go beyond an import ban on Russian crude, targeting insurers in a move that...
Global Shipping Industry Pushes to Rescue Seafarers Trapped in Ukraine May 2, 2022 By Jonathan Saul Just under 500 seafarers remain stuck onboard 109 ships at Ukrainian ports – skeleton crews who were left on board...
India’s ONGC Struggles to Ship Russian Oil to Asia as Sanctions Bite: Sources April 28, 2022 By Nidhi Verma and Jonathan Saul India’s Oil and Natural Gas Corp. (ONGC) is struggling to find a vessel to ship 700,000 barrels of crude from...
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...
Dominica-Flagged Cargo Ship Sinks in Ukrainian Port of Mariupol After Missile Attack April 6, 2022 By Jonathan Saul A Dominica-flagged cargo ship sank on Tuesday in the besieged southern Ukrainian port city of Mariupol after being targeted by...
Ukraine Urges Marine Insurers to Withdraw Coverage for Russian Shipping Companies March 31, 2022 By Benjamin Robertson The Ukrainian government has asked international marine insurers to stop all dealings with shipping companies carrying Russian fossil fuels in...
UK’s Asset Freeze of Russian Shipping Firm Sovcomflot Causes Problems for Re/Insurers March 25, 2022 By Jonathan Saul Russia’s top shipping company Sovcomflot (SCF), already struggling to find berths to discharge cargoes, is facing fresh pressure after the...
Russia Dropped From World’s Top Association of Ship Certifiers as Sanctions Deepen March 14, 2022 The world’s top association of ship certifiers has withdrawn membership from the Russia Maritime Register of Shipping (RS) due to...