Paolo d’Amico says West’s oil price cap is hurting Russia and could quell India’s appetite
A combination of the price cap and fleet dynamics may turn against Russian exports to India
Insurance
Russia seeks to replace Ukraine grain as Black Sea tensions escalate
A tumultuous week shows that for Ukraine, there are only insufficient alternatives to the UN’s defunct grain export corridor
War risk market holds fire on Black Sea rates in wake of threats to shipping
No response yet as Ukraine and Russian governments threaten to target commercial shipping
Rhodes wildfires are climate wake-up call, says UK minister
Patrick Courtown sounds warning as evacuation flights head to Greek island to rescue stranded BritonsHow bad are the wildfires in Greece – and what caused them? A visual guideWildfires in Rhodes are a “wake-up call” on the effects of the climate crisis…
An Englishman in New York waves the flag for P&I insurance
American Club chairman says P&I clubs are consumer collectives that have stood the test of time
Russian secret police to check ships passing the Kerch Strait
Moscow statement suggests that ship traffic in the Russian-occupied part of the Black Sea has resumed after Kerch Bridge attacks
Russian drones strike Danube grain hangars as attacks intensify
Grain facilities are hit amid explosions at Reni and Izmail on the border with Romania
Russian drones strike Danube grain hangar as attacks intensify
A grain facility is hit near Reni on the border with Romania and explosions are reported at Izmail as well
Ukraine issues counter-blockade on Russia’s Black Sea cargo ships
In tit-for-tat move, Kyiv threatens to sink Russian vessels carrying Moscow’s thriving grain exports
Russia’s Ukraine blockade leaves Danube ships unaffected, so far
Proximity to Nato member Romania seems to be protecting small cargo vessels bound for Ukraine’s southernmost waters