by AIP Online Bureau | Mar 18, 2023 | Eco/Invest/Demography, International News, Non-Life
The cost to use fuel tankers has skyrocketed since the EU ban, as ships enter the dark fleet and become unavailable — and uninsured by European maritime service providers — for regular trade routes, such as moving gasoline from Europe to New York. First, a small...
by AIP Online Bureau | Feb 24, 2023 | International News, Non-Life, Reinsurance
In the weeks after the war began, some 2,000 crew members were caught in the crossfire on ships in the Black Sea and the Sea of Azov. Safe corridors helped reduce that number in the months that followed. But the total remaining stands at an estimated 331 seafarers on...
by AIP Online Bureau | Jan 23, 2023 | Eco/Invest/Demography, International News, Non-Life
His comments came weeks after Moscow last month sent a ship to deliver equipment for Bangladesh’s Rooppur nuclear power plant, which is being built with Russian assistance, but Dhaka refused to accept the vessel due to the US sanctions Dhaka: Bangladesh on Sunday...
by AIP Online Bureau | Jan 1, 2023 | Eco/Invest/Demography, International News, Policy
The term “unfriendly” describes countries that have imposed sanctions on Russia in response to its military intervention, including members of the European Union, the United States, Japan, Canada, Britain and Australia A bill that would have enabled...
by AIP Online Bureau | Dec 30, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
At least 12 of the 13 organizations within the International Group of P&I Clubs — the main insurer of risks such as collisions and spills — have changed their policies to exclude claims stemming from Russia’s invasion of Ukraine in recent days. The 13 clubs are...
