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Insurers end war-risk cover for shipping across Russia, Ukraine and Belarus
The move comes as a result of reinsurers exiting the region in the face of heavy financial losses. However, Dryad Global believe that other war risk insurers will still be available to provide cover.
4
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Anti-Maritime Piracy Bill 2022: A Game-Changer For Shipping Industry Security?
The legislation will apply to India's Exclusive Economic Zone (EEZ), which extends to 200 nautical miles from the coastline, and penalty for piracy includes the death sentence.
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NNPC’s Private Security Contractor Intercepts More Vessels With Stolen Crude Oil
Through two separate operations, Tantita Security Services which is the private security contractor engaged by the Nigerian National Petroleum Company Ltd has intercepted a Barge and Truck with..
49
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Welcome 2023: Industry’s wishes for a sustainable shipping
New year, new shipping! A brand-new year is a time for reinvention for many. And 2023 isn’t any different. With the start of a new year, it is a great opportunity to take the time to reflect on the..
2
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Disconnects Pose a Significant Challenge to Maritime Cyber Risk
Shipping has changed more in the last two years than it did in the entire decade before that. Digitalization has given the industry new ways of working that have kept world trade moving through a..
2
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Product Tankers: Middle East and US to the EU Will be a Dominant Trade Route Moving Forward
The product tanker market is expected to benefit significantly from the sanctions imposed on Russian crude and products, like diesel and gasoline.
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Will Haftar announce his plan to divide Libya in two?
It is claimed that Khalifa Haftar, the leader of the armed forces in eastern Libya, will make a statement on the de facto separation of the east and west of the country on December 24. Since the Arab..
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Amid Ukraine War, Russia’s Northern Sea Route Turns East
With the exit of European partners and buyers, Russia is looking to China and India to get its Arctic energy projects off the ground.
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