marine insurance News

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 …

Russia Strikes Ukraine’s Danube Port. Kyiv Says Aim Is to Intimidate Insurers, Shippers.

Russia attacked Ukraine’s main inland port across the Danube River from Romania on Wednesday, sending global food prices higher as it ramped up its use of force to prevent Ukraine from exporting grain. The drone attacks destroyed buildings in the …

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 …

Operation Begins to Remove Oil From Rusting Yemen Tanker to ‘Avoid Catastrophe’: UN

An international team began siphoning oil out of a decrepit oil tanker off the coast of Yemen on Tuesday, the United Nations chief said, a crucial step in a complex salvage operation aiming to prevent a potential environmental disaster. For …

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 …