Russia’s size and close integration into the global aviation industry since the end of the Cold War means sanctions related to its invasion of Ukraine are having outsized consequences relative to earlier freezes on Iran and North Korea. Manufacturers, lessors, …
Insurers have raised the cost of providing cover for merchant ships through the Black Sea, adding to soaring rates to transport goods through the region for vessels still willing to sail after Russia’s invasion of Ukraine. Ship owners pay annual …
Brewer Carlsberg, Japan Tobacco and a Coca-Cola bottler were among firms shutting factories in Ukraine on Thursday following Russia’s invasion, while UPS and FedEx Corp. suspended services in and out of the country. Ukraine closed its airspace as Russian forces …
The fallout to the global aviation industry from Russia’s invasion of Ukraine is spreading beyond the airspace closings over the conflict zone as airlines, lessors and manufacturers face up to growing risks of doing business with Russia. Alaska’s Anchorage Airport, …
Ukraine closed its airspace to civilian flights on Thursday after Russia launched a land, sea and air invasion of its neighbor, while Europe’s aviation regulator warned about hazards to flying in bordering regions. Moldova, southwest of Ukraine, also closed its …
More airlines are likely to avoid Ukraine’s airspace amid insurance issues and a decision by leading European carriers to stop overflights after a U.S. warning that Russia could invade at any time, a flight operations advisory firm said on Monday. …
HANOI, Vietnam (AP) – Vietnam was seeking more information Thursday about a Vietnamese oil tanker that was seized at gunpoint last month by Iranian soldiers in the Gulf of Oman, while vowing to ensure the safety and humane treatment of …
Iran said Israel was likely behind an explosion that damaged an Iranian container ship in the Mediterranean last week, as the longtime foes trade accusations of attacks at sea. “The geographical location of the sabotage operation directs the first suspicion …
Two oil tankers were damaged on Thursday in a suspected attack near the entrance to the Persian Gulf, stoking fears that high-stakes diplomatic efforts won’t avert a military confrontation between the U.S. and Iran. Oil prices surged. The incidents, including …
Not since 2005 have the world’s insurers considered shipping in the Persian Gulf so dangerous for oil tankers. The Joint War Committee of London’s Lloyd’s Market Association said Friday that it would expand its so-called “listed areas” — those regions …
