Tag: Ukraine

After the Russian Government didn't extend the Black Sea Grain Initiative, the deal expired yesterday. As a result, ship insurers are considering suspending coverage for any ships prepared to sail to Ukraine.

Despite the fact that EU is considering a proposal to allow a Russian bank under sanctions to carve-out a subsidiary that would reconnect to the global financial network, a Kremlin spokesperson announced that Russia likely won't renew the deal. 

Stella Maris has launched the latest version of its Life at Sea report, which focuses on the work its port chaplains have done to support seafarers and families impacted by the war in Ukraine.

UK Transport Secretary unveils new support package which includes virtual reality training for Ukrainian seafarers, at Ukraine recovery conference in London after meeting Ukrainian Minister for Infrastructure.

The circumvention of sanctions imposed on Russia, one of the world's top oil producers, has resulted in the environmental and safety hazard that is the "shadow fleet" of ageing tankers that continue the transfers in secret.

The Cabinet of Ministers of Ukraine has approved the Procedure for providing guarantees of compensation for damage suffered by charterers, operators and/or owners of sea and inland waterway vessels as a result of armed aggression by the Russian Federation.

Dryad Global published its Annual Report 2022/2023, which demonstrates that war risk, illegal territorial expansion, cyber crime and global health issues all significantly challenged the maritime industry in 2022.

The Spanish government has fined a Vietnamese ship operator $129,000, for an unauthorised ship-to-ship oil transfer that was at the centre of a Russian sanctions probe.

According to International Energy Agency (IEA), it is unlikely moves by the G7 nations to fight the evasion of price caps on Russian energy will change the supply situation for crude oil and oil products.

From May 19 to 21, Japan will host the G7 Summit in Hiroshima with leaders from Canada, France, Germany, Italy, the United Kingdom, and the United States where various issues will be discussed, including sanctions against Russia.