US Sanctions Maritime Companies, Vessels for Shipping Oil Above Russian Price Cap November 17, 2023 By Daphne Psaledakis and Laura Sanicola The U.S. on Thursday imposed sanctions on maritime companies and vessels for shipping Russian oil sold above the G7’s price...
Update: Ukraine Launches Grain Insurance Program With Marsh McLennan, Lloyd’s November 15, 2023 By Áine Quinn, Volodymyr Verbianyi and Max Reyes Ukraine is starting an insurance program with broker Marsh McLennan and Lloyd’s of London to provide cover for grain vessels...
Freight Costs for Ships in Ukraine’s Export Corridor Ease Back to Former Levels November 13, 2023 Freight costs for ships in Ukraine’s alternative export corridor have eased back to their former levels, a government source said...
Russian Missile Strike on Merchant Ship Threatens Ukraine’s Exports November 9, 2023 By Kateryna Chursina A Russian missile strike on a commercial ship at a major Ukrainian Black Sea port is adding to risks for...
UN Chief Says It Will Be Difficult to Revive Black Sea Grain Deal November 9, 2023 By Alessandra Galloni United Nations Secretary-General Antonio Guterres told Reuters NEXT on Wednesday that it will be difficult to revive a landmark deal...
Israel’s Ship Industry Urges Government to Help With Soaring War Risk Premiums November 2, 2023 By Jonathan Saul and Ari Rabinovitch Ships sailing for Israel face a 10-fold jump in war risk premiums as the conflict in Gaza intensifies, prompting industry...
Israel’s Ashdod Port Toils Under Threat of Rockets as War Risk Insurance Rates Soar October 26, 2023 By Jonathan Saul When wailing sirens warn of incoming rockets from Gaza, workers at Israel’s Port of Ashdod stop operations within moments and...
Update: Rescuers Call Off Efforts to Find Missing Sailors After Cargo Ship Sinks October 24, 2023 By William Wilkes Rescuers abandoned efforts to find four missing sailors a day after a British cargo ship sank in the North Sea...
Oil Tanker Sails to Israeli Red Sea Port to Avoid Conflict October 20, 2023 By Sherry Su An oil tanker is hauling a cargo of crude toward an Israeli Red Sea port that’s seldom used for crude...
Ukraine’s Risky Bet on Black Sea Shipping Corridor Pays Off as Ships Stream Into Ports October 18, 2023 By Áine Quinn and Kateryna Chursina A steady stream of ships is hauling grain and metals from Ukraine a month after the first inbound vessel sailed...