Insurance

Ukraine has insured all merchant vessels that export and import goods through the Danube ports, and is considering the possibility of insuring vessels that will pass through the “grain corridor”.

Russia’s withdrawal from the Grain Agreement has prompted insurance companies to review their coverage policies for cargo ships operating in the Black Sea.

The Indian company Gatik Ship Management, which transported russian oil, lost its P&I insurance.

German insurance companies have restored insurance coverage for the Nord Stream 1 gas pipeline, which was damaged after the explosions in September.

The Insurers are facing claims for more than 60 commercial vessels still stuck in Ukraine due to the war.