Industry willing to insure ships carrying Ukrainian grain
Ships transporting Ukrainian grain out of three Black Sea ports need extra insurance coverage due to the war between Russia and Ukraine. The industry is willing to take the risk, says British marine war insurance specialist.
When the UN-led deal on exporting Ukrainian grain through the Black Sea was announced, Richard Young of insurance company Beazley feared that it could prove difficult to have the cargo vessels insured.
CII: IMO’s new climate regulation, CII, is liable to undermine its own intentions, German carrier Oldendorff warns. CII fails to view situation in its entirety, which may lead to an increase in emissions.
CII: Although a new legal clause places the responsibility and bills for poor climate ratings with operators and carriers, this has not altered Seaspan’s negotiations with customers, the major shipowner tells ShippingWatch.