Insurance
Almost the entire Black Sea has become a military risk zone: how will this change the cost of shipping?
Almost the entire Black Sea has been placed within the Joint War Committee’s expanded military risk zone. For shipowners, this means longer periods of additional insurance coverage, and for cargo owners, a potential increase in freight and logistics costs.
USM spoke to market participants about how much the new risks will cost and how they could change Black Sea and Danube logistics.
Almost the entire Black Sea has been included in the zone of increased military risk: flight insurance may become more expensive
The Joint War Committee (JWC) has expanded the list of areas of increased military risk to almost the entire Black Sea.
Indian Register of Ships Decertifies 235 Shadow Fleet Tankers
Without certification, vessels cannot obtain insurance and access to ports — the total tonnage of the vessels removed is about 13 million gross tons.
Russian tankers under sanctions use fake insurance
The sanctioned tanker Paz received an insurance certificate from the German company Seaguard P&I, which does not actually exist. This was reported by Bloomberg, citing data from the Foreign Intelligence Service of Ukraine. The Paz vessel, which is under sanctions by the US, UK and EU, used documents from a company allegedly registered in Pinneburg,…
Czech Republic imposes sanctions against Russian who insured tankers of Russia’s “shadow fleet”
Prague expects that he will be included in the EU sanctions list in the future.
The price of insurance for ships passing through the Strait of Hormuz has increased 12 times
The cost of insurance for ships passing through the Strait of Hormuz has increased 12 times due to military risks in the region.
India allows Russians to insure tankers for another month
India has temporarily extended the permits of four Russian companies to insure tankers calling at its ports.
Exports from Ukraine decreased by 3% due to war, logistics restrictions and shutdown of enterprises
Due to the war, logistical restrictions, and the shutdown of enterprises, exports of goods and services from Ukraine decreased by 3% last year.
Insurance for Russian oil tankers in the Black Sea increased by 200%
The cost of insurance for tankers transporting Russian oil from the Black Sea has increased by 200%. Freight rates have also increased.
Trump, tankers and geopolitics. What 2025 was like for global shipping
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.
