Insurance costs succeed where sanctions fail: Ukraine hits Russia’s shadow fleet
Shipowners halt Russia-linked voyages as war risk premiums surge up to 250%.
Browsing Tag
maritime insurance
3 posts
Ukraine seeks to tame war risk with state-backed insurance scheme
Ukraine is preparing a nationwide war-risk insurance program to finally open the door for private capital.
Investigation reveals insurers of Russia’s oil tanker shadow fleet
Bloomberg and Danwatch investigation exposes a shift in Russian oil tanker insurance to domestic providers and firms from Cameroon and Kyrgyzstan, as western sanctions force vessels into shadow operations.