Ukrainian officials have pushed for the inclusion of the port of Mykolaiv in the Black Sea Grain Initiative, but no announcement has been made to this effect. Some 26 merchant ships are thought to be stranded in the greater Odesa port
Basic hull and machinery rates are hardening. However, it is wrong to describe current situation as ‘hard market’ in the proper sense of the term, says Mike Ingham of Gallagher
Russian tankers and dark-fleet vessels accounted for 44 out of 172 voyages monitored, revealing a serious shortfall of available tonnage after December 5 if shipments do not conform with an as-yet undecided oil price cap
Black Sea Grains Initiative, which was designed to allow safe navigation from three Ukrainian ports, has so far achieved its goal, says new UN coordinator
Black Sea Grain Initiative is not operating at maximum efficiency due to logistics bottleneck
Marine insurance has been well to the fore in 2022, providing war risk cover for both ships and cargo carrying vitally needed grain from Ukraine to markets in the developing world, as well as day-in, day-out P&I and H&M policies
Contracts for two other vessels were cancelled in May and June
Acknowledgement of seafarer missions in the Top 100 is long overdue, as pastoral care continues to provide seafarers and their families with invaluable support and assistance globally
Reports reflect a major escalation in risk for shipowners calling at the Black Sea port that exports 40% of Russian crude
Freight costs for shipping crude to Europe from the US comprise 11% of the delivered crude price. This is up from 3% in February, data shows
The first term of the grain corridor was overseen by Amir Abdulla. His deputy is acting as officer in charge while a replacement is found
JCC inspections jumped during Russia’s brief suspension of participation but have since returned to lower levels
Bans on Russian seaborne crude imports to Europe begin December 5 witih refined products banned from February 5
Fleet consists of more than 500 tankers over 34,000 dwt, defined owned by national fleets of Iran, Russia or Venezuela or anonymously owned and engaged in sanctioned trades
Outbound sailings from Ukraine to international markets from August to October are significantly down in terms of deadweight tonnage on the same period in the past year
The annual Lloyd’s List Outlook Forum returns on December 8 bringing together the expertise of Lloyd’s List and Lloyd’s List Intelligence with the industry’s key decision makers to directly answer the most critical questions shaping maritime markets in 2023 and beyond
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