US Edition'Drone Strikes on Tankers Cause Jump in Black Sea Shipping Costs'
7 Articles
7 Articles
'Drone strikes on tankers cause jump in Black Sea shipping costs'
The cost of shipping commodities through the Black Sea climbed on Monday after Ukrainian naval drones hit two tankers heading to a Russian port, with fears of further attacks driving up war risk insurance costs, industry sources said. The Black Sea is crucial for the shipment of grain, oil and oil products. Its waters are shared by Bulgaria, Georgia, Romania and Turkey, as well as Russia and Ukraine. War risk rates for a typical seven-day voyage…
Kremlin threatens wider retaliation as Black Sea security deteriorates
Security in the Black Sea and surrounding waters has taken an ominous turn following a spike in attacks on Russian-linked shipping and fresh threats from the Kremlin, raising alarm and insurance rates. Vladimir Putin has warned that Moscow may expand military action against commercial tonnage if strikes on Russia’s tanker fleet continue. According to Interfax, …
The cost of shipping cargo through the Black Sea has risen following attacks on two tankers heading to a Russian port, while increased threats and potential strikes have led to higher war risk insurance rates, according to RBC-Ukraine, citing a Reuters report. Insurance Rate Increase According to shipping industry sources, war risk rates for seven-day voyages to Ukrainian ports have increased to 0.5% from 0.4% last week. Insurance for Russian Bl…
Black Sea War Risk Insurance Jumps After Drone Strikes on Sanctioned Tankers
The cost of shipping commodities through the Black Sea climbed on Monday after Ukrainian naval drones hit two tankers heading to a Russian port, with fears of further attacks driving up war risk insurance costs, industry sources said.
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