Shipowners face higher rates for Black Sea trade as reinsurers pull back: Reuters

Sarah JollyJanuary 9, 2023
Odessa Ukraine - January 01 2021: Sea transportation of grain. Bulk carrier PAPA JOHN IMO 9555149 is being loaded with 25000 tons of corn and 20000 tons of wheat
Bulk carrier Papa John being loaded with grain at the Port of Odessa, Ukraine. Credit: Shutterstock/VolodymyrT

The withdrawal of reinsurance capacity at 1 January renewals for ships exporting from Russia and Ukraine is adding further costs for insurance buyers operating in the Black Sea region, who already face war premiums up over 20...

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Sarah JollyJanuary 9, 2023
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