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Shippers ask to end contracts with Russian-backed refiner Nayara, sources say

Shippers ask to end contracts with Russian-backed refiner Nayara, sources say

by AIP Online Bureau | Jul 30, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance

India-based Seven Islands Shipping Ltd and Great Eastern Shipping Co have asked Nayara to release the three clean products tankers from their contracts, citing concerns over the sanctions, five of the sources told Reuters NEW DELHI: The owners of three vessels...
Shippers warned to stay away from Iranian waters over seizure threat as US-Iran tensions high

Shippers warned to stay away from Iranian waters over seizure threat as US-Iran tensions high

by AIP Online Bureau | Aug 15, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

A U.S.-backed maritime group called the International Maritime Security Construct “is notifying regional mariners of appropriate precautions to minimize the risk of seizure based on current regional tensions, which we seek to de- escalate. Vessels are being advised to...
Shippers rerouted vessels as China began military drills around Taiwan

Shippers rerouted vessels as China began military drills around Taiwan

by AIP Online Bureau | Aug 5, 2022 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance

The Taiwan Strait is a key route, with almost half of the global container fleet passing through the waterway this year. The disruption is just the latest inconvenience for supply chains, which have been reeling since the start of the pandemic and Russia’s invasion of...

Ukraine grain shippers take alternative export routes via Baltic Sea

by AIP Online Bureau | Jun 17, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

The country has been hunting for alternative paths for its crops as the war with Russia cuts off vital shipments from ports dotting the Black Sea, stoking global food prices and raising worries over hunger. Producers have resorted to sales by land instead, ferrying...

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