Insurance

Due to the war, logistical restrictions, and the shutdown of enterprises, exports of goods and services from Ukraine decreased by 3% last year.

The cost of insurance for tankers transporting Russian oil from the Black Sea has increased by 200%. Freight rates have also increased.

Routes have become longer, insurance has become more expensive, and political decisions have turned compliance into a full-fledged operational function – in 2025, these three factors had the strongest impact on freight rates, schedules, and tonnage availability.

USM continues the series of materials about what 2025 was like for global and Ukrainian shipping. This time, we recall the challenges that global carriers faced and what the shipping world will remember about the past year.

Russian strikes on port infrastructure and ships in Ukrainian ports have led to the return of the “risk premium” in the Black Sea.

Shipowners are bracing for higher insurance costs amid the risk of new Russian attacks on Ukrainian export infrastructure. Shipowners operating in the Black Sea are expressing concern about possible Russian attacks on ships carrying Ukrainian grain and ammonia, according to the Financial Times. Against this backdrop, insurance companies are already seeing a threefold increase in…

The cost of insuring ships in the Black Sea continues to rise amid attacks on tankers by the Russian “shadow fleet.”

The drone strike on two tankers of the Russian “shadow fleet” off the coast of Turkey has become yet another signal about the vulnerability of the Kremlin’s oil logistics. At the same time, it has already forced insurers to reassess risks in the Black Sea.

Following a series of attacks on several Russian tankers, insurers in the Black Sea have sharply raised war risk rates for ships operating in the region.

A sanctioned vessel was prevented from entering the port of Paradip, India, due to a delay in online confirmation of the policy from a Russian insurer.

The Delta-Pilot branch of Ukrainian Sea Ports Authority has chosen a company to insure employees against accidents.