by AIP Online Bureau | Feb 24, 2024 | Eco/Invest/Demography, International News, Non-Life, Risk Management
The Treasury Department also sanctioned 14 crude oil tankers identified as being linked to the company, Treasury said in a statement. The company had already been sanctioned by Australia, Canada, New Zealand and the UK, and faced European Union restrictions. The US...
by AIP Online Bureau | May 28, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
A major U.S. insurer, the American Club, also told Reuters it was no longer providing cover for Gatik ships, while Russian insurer Ingosstrakh said it would not work with Gatik in future Lloyd’s Register has told India’s Gatik Ship Management, which has become a major...
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 | 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 | Dec 13, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
“We are not willing and will not provide short-term P&I (Protection and Indemnity) coverage for vessels caught up by the new Turkish regulations at the mouth of the Bosphorus,” Ingosstrakh said Russian insurer Ingosstrakh said on Monday it has no plans to offer...
