A Ukrainian presidential adviser said on Wednesday that Russia had no grounds to review the landmark deal allowing Ukraine to export grain from ports in the Black Sea and that the terms of the wartime…
The future for Ukraine grain shipments out of the Black Sea has been cast into doubt with Russian president Vladimir Putin yesterday questioning the terms of the shipping deal his country struck with its foe…
The decision by Ukraine late in August to exempt its seafarers from mandatory service in the armed forces, and to be allowed to leave the country to work on ships internationally, would free up manpower…
China voiced its opposition to a price cap on Russian oil on Monday, after the Group of Seven finance ministers agreed last week to impose such a cap to slash revenues for Moscow's war in…
Capping the price of Russian oil, an approach G7 members said Friday they want to pursue “urgently,” would be an unprecedented move and one which some analysts say could backfire. Russian oil would be purchased…
Global oil market benchmark Brent crude was down about 1.5% to $95 (€94) this week, returning to levels last seen before Russia invaded Ukraine in late February, when Brent was as high as $139 a…
Russia's Foreign Minister Sergei Lavrov said on Tuesday that the West was not honoring its promise to help Russian food and fertilizer exports reach global markets, raising potential questions about Russia's commitment to a landmark…
Chairman's statement 2022 Dear members I can report that in its 30th financial year, ITIC has produced a strong surplus. ITIC, combined with its mutual reinsurer TIMIA, returned a US$8m surplus for the year to…
An area of the Indian Ocean near Somalia—once known as a piracy hotbed—has been removed from the shipping industry's list of high-risk areas following more than a decade of military, political, civil society and the…
Shipowners and charterers carrying commodities in the Indian Ocean are unlikely to see lower insurance premiums in the near term despite industry bodies’ decision to remove the region’s High Risk Area, or HRA, status, several…
