by AIP Online Bureau | Mar 2, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
“Just about all (dry bulk grain) vessels going from the Americas and western Europe are avoiding the Red Sea, the only exception is vessels going to Iran, they’re still taking the Red Sea route when shorter.All vessels we are tracking going from the Black Sea to Asia...
by AIP Online Bureau | Feb 12, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
The impact on Suez Canal transits and global supply chains are significant but this has not affected the ability of the marine insurance market to provide adequate cover – both for Red Sea/Suez Canal transits or for the longer route around the Cape of Good Hope,...
by AIP Online Bureau | Jan 29, 2024 | Eco/Invest/Demography, International News, Risk Management
The Suez Canal, a critical waterway connecting the Mediterranean Sea to the Red Sea, handled approximately 12% to 15% of global trade in 2023. UNCTAD estimates that the trade volume going through the Suez Canal decreased by 42% over the last two months Geneva: The...
by AIP Online Bureau | Nov 8, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
U.N. officials are working to try to revive the deal, which Russia quit a year after it was brokered by the United Nations and Turkey — complaining that its own food and fertilizer exports faced obstacles and that not enough Ukrainian grain was going to countries in...
by AIP Online Bureau | Aug 24, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
The war risk premium was increased from around 1% of the cargo’s cost to some 1.20-1.25%, the traders said The increase means every voyage will cost $200,000 per one Suezmax tanker (can carry 120,000-200,000 tonnes) more if Russian oil is delivered to India. The rise...
