Oil shipping costs soar for key routes on Russian invasion

Mar 03 2022


The escalating crisis over Ukraine has catapulted the cost of shipping oil by sea.

 

 

 

>>Bloomberg<<


Related News

North P&I and Standard Club announce merger plan to create new global marine insurance force

(Mar 17 2022)

Combination would establish a global marine insurer positioned to thrive in the face of current and emerging challenges and opportunities posed by digitalisation, recruitment, regulation and sustainability.



IUMI insurance update – losses, seafarers, carbon

(Feb 07 2022)

The International Union of Marine Insurance (IUMI) provided an update on important issues to tanker operators relating to insurance, including trends in loss rates, seafarer issues and decarbonisation, following its September 2021 annual event.



North P&I Club seeks 15% premium on P&I rates

(Nov 18 2021)

Describing 2021 as “one of the most challenging years on record”, North P&I Club’s latest Pre-Renewal Report, published today, calls for “robust action” in the form of increasing mutual P&I rates at the forthcoming renewal to confront the challenge o...



IUMI – how tanker insurance is changing

(Jul 09 2021)

The International Union of Marine Insurance (IUMI) provided an update on issues affecting marine insurance in new ways over 2020, with some elements specific to tankers, discussing changes to tanker usage affecting risks, cybersecurity, climate chang...



Low sulphur fuel adds $20,000 to annual ship operational costs

(May 20 2021)

The introduction of rules last year to reduce ship sulphur emissions is resulting in a significant hike in operational expenditure for ship managers, with the use of low and very low sulphur fuel potentially resulting in system and engine damage.



Aug-Sept 2024

Ardmore''s safety initiatives - decarbonisation at Odfjell, Furetank, Klaveness, shore side ballast water treatment