Russia Oil Exporter Rosneft Moves Into Tanker Chartering as Western Sanctions Loom October 18, 2022 By Nidhi Verma Russia’s biggest oil exporter Rosneft has expanded its tanker chartering business to ease oil shipments for buyers amid looming Western...
Exxon’s Russia Oil Output Collapsed After Rejection of Local Tanker Insurance: Sources October 17, 2022 Oil output at the giant Exxon-led Sakhalin-1 Russian Pacific project collapsed following the U.S. major’s refusal to accept local insurance...
Markets/Coverages: Liberty Specialty Markets Launches Project Cargo Consortium at Lloyd’s October 13, 2022 Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance’s Global Risk Solutions division, announced the launch of a new Lloyd’s...
EU’s Russia Oil Sanctions, Effective in December, Are Already Hitting Nation’s Trade October 11, 2022 By Julian Lee and Sherry Su European Union sanctions on Russian oil might still be eight weeks away, but they’re hitting trade in the nation’s crude...
Pay-As-You-Go Cargo MGA Closing Insurance Protection Gap for Shippers October 4, 2022 By L.S. Howard After many years working as a freight and logistics broker in the London market, Johnny McCord understood where the freight...
EU Weighs Ban on Shipping Russian Oil as Part of Price Cap September 28, 2022 By Alberto Nardelli and Ewa Krukowska The European Union is considering adding shipping restrictions to its oil sanctions as the bloc continues to discuss the introduction...
Greek-Managed Vessel Shipped Coal From Russia Despite EU Sanctions September 15, 2022 By 脕ine Quinn and Alberto Nardelli A vessel managed by a company based in Greece transported coal from a port in Russia late last month, after...
G7’s Price Cap on Russia Oil Takes Shape but Will Russia Sidestep Insurance Rules? September 12, 2022 By Timothy Gardner The Group of Seven countries is working to cap the price of Russian oil in an attempt to limit Moscow’s...
Lloyd’s Insurer Ascot, Marsh Provide Coverage for Grain Ship Sailing From Ukraine August 23, 2022 By Noor Zainab Hussain Broker Marsh and Lloyd’s of London insurer Ascot said on Tuesday they have provided coverage for a vessel carrying grain...
Japanese Chemical Tanker Crashes Into Cargo Ship off Coast of Japan August 22, 2022 By Yuri Kageyama A Japanese chemical tanker ship crashed into a cargo ship off the coast of southwestern Japan, the coast guard said...