shippers insurance News

Black Sea Exporters Struggle to Clear Danube Shipping Backlog

Dozens of ships are backed up around critical Danube arteries close to Ukraine’s river gateways days after Russian drone attacks on the country’s ports, shipping data showed on Tuesday. The river and its mouth are Ukraine’s last remaining waterborne grain …

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 …

Tanker Company Shipping Russian Oil Loses Insurance on G-7 Price Cap

An oil tanker company heavily involved in moving Russian oil lost industry standard insurance for its fleet after falling foul of a Group of Seven price cap relating to the transportation of the nation’s barrels. Gatik Ship Management lost so-called …

Ship Safety Rules To Be Reconsidered for Bay Bridge in Northern California

Days after an oil tanker struck a San Francisco-Oakland Bay Bridge tower, the Coast Guard is calling for reconsideration of rules that allow large ships to sail in fog near the span in Northern California. The San Jose Mercury News …

Federal Government Lifts Cargo Insurance Requirement for Truckers

The federal government is no longer requiring that about 76,000 of the nation’s for-hire truckers carry cargo liability insurance. Over the objections of shippers and transportation brokers, the Federal Motor Carrier Safety Administration (FMCSA) issued a rule effective March 21 …