London underwriters’ backing for risky Red Sea lightering mission pays off
No major claims resulted from unloading the vessel that was dubbed a ‘time bomb’ tanker
Insurance
Another stranded ship manages to escape war-torn Ukraine
Bulker that changed hands during captivity in Odesa is heading for Africa
The Wildfires Are Still Burning, but the Economic Toll Is Becoming Clearer
Little economic support is available to evacuees now out of work, insurance disputes loom and economic growth may be eroded.
War risk rates creep up as Black Sea tensions flare
Events are prompting some underwriters to raise rates in the tanker trades
Corvus Energy wins battery contract for world’s largest electric ship
Aluminium ro-pax ferry is under construction at Incat in Australia
Ship queue lengthens in Turkey as forest fire rages on
Immoblised vessels are piling up in the Sea of Marmara and the northeastern Aegean but traffic is to resume soon
Norway’s Skuld makes key executive changes
New appointments in strategy and hull underwriting made as the insurer targets growth
Russia steps up drone attacks on Ukrainian grain infrastructure
Russian campaign takes out much of Ukraine’s export capacity, casts doubt on viability of schemes to revive Odesa trade
Insurance veteran Jonathan Jones embarks on new underwriting venture
Focus will be on ships over 15 years old and registered in the Americas
Turkish straits blocked by forest fires, tanker engine failure
Double-whammy of problems hit the Dardanelles and the Bosphorus