Commodity shippers nearing insurance cliff for vessels to Russia
From the turn of the year, several major ship reinsurance companies will stop providing cover for war-related risks regarding vessels sailing to Ukraine and Russia, potentially affecting operations for carriers moving cargo such as grain and oil.
By Steven Arons, Áine Quinn and Alex Longley, bloomberg news
Some of the biggest names in ship reinsurance are days away from ceasing to cover key war-related risks for vessels going to Russia and Ukraine, a potential source of alarm for shipping firms moving everything from oil to grains.
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