Norwegian Ship Certifier DNV Winds Down Russia Business March 11, 2022 Norway’s DNV, one of the world’s top ship certifiers, is winding down its Russia business and reviewing all existing contracts...
Top Ship Certifier Lloyd’s Register Withdraws Services to Russia March 11, 2022 Lloyd’s Register, one of the world’s top ship certifiers, is stopping services to Russia after sanctions were imposed on Moscow...
Sanctions Against Russia ‘Manageable’ for UK Insurers, Banks: Regulator March 9, 2022 By Huw Jones Sanctions against Russia in response to its invasion of Ukraine are “manageable” for Britain’s insurers and wider financial sector, Bank...
London’s Marine Insurers Widen High-Risk Shipping Areas as Ukraine Conflict Escalates March 9, 2022 By Jonathan Saul London’s marine insurance market has widened the area of waters around the Black Sea and Sea of Azov that it...
As Foreign Seafarers Are Evacuated From Ukraine, Mariners Count Cost of War March 8, 2022 By Jonathan Saul and Ruma Paul Bangladeshi seafarer Asiful Islam recalls the moment when a missile struck his cargo ship last week off the Ukrainian port...
Russia’s Sovcomflot Re-routes Tankers to Bahamas Amid Growing Sanctions March 8, 2022 By Marianna Parraga At least three tankers controlled by Russian maritime powerhouse Sovcomflot that have been unable to deliver their cargoes due to...
Ship Insurer West Withdraws Cover on 2 Russian Ships Over U.S. Sanctions March 3, 2022 By Jonathan Saul British ship insurer West of England has withdrawn cover for two container ships operated by Russia’s FESCO Transportation Group after...
VW Fears Most of Its Cars on Cargo Ship ‘Felicity Ace’ Are Beyond Salvage February 26, 2022 By Monica Raymunt Volkswagen AG has lost hope that many of its roughly 4,000 vehicles aboard a cargo ship that caught fire last...
Fire on Massive Car Transport Ship, Felicity Ace, Is Likely Extinguished February 25, 2022 By L.S. Howard The fire on the cargo ship Felicity Ace, which had burned for more than a week, is likely extinguished and...
Insurers Raise Costs of Shipping Through Black Sea for Vessels Still Willing to Sail February 25, 2022 By Jonathan Saul Insurers have raised the cost of providing cover for merchant ships through the Black Sea, adding to soaring rates to...