Turkey-flagged bulk carrier Tq Samsun leaves the sea port of Odesa, amid Russia's attack on Ukraine, in Ukraine

Missile Attack Damages Civilian Ship and Port Infrastructure in Odessa

An Antigua-flagged civilian ship in Odessa port was hit by a Russian missile, causing damage to both the vessel and port infrastructure. Four people were injured in the attack. The Iskander-M ballistic missile used is known for its high speed and long range. This incident adds to the ongoing tensions between Russia and Ukraine, highlighting the risks faced by civilian ships in the region.

Continue reading
Cargo ship Despina V, carrying Ukrainian grain, is seen in the Black Sea off Kilyos near Istanbul. REUTERS/Umit Bektas//File Photo

Ukraine Warns Shipowners About Black Sea Navigation Risks

Ukraine’s seaport authority warns of satellite navigation disruptions in the Black Sea, likely due to Russia’s interference. This affects ship safety and tracking of goods, with at least 40 vessels transmitting compromised positions. The situation highlights the increasing challenges in civil and commercial transportation, impacting navigation systems and cargo tracking.

Continue reading
Ukrainian coast guard patrols the "grain corridor" in the Black Sea. REUTERS/Thomas Peter

The difficulties of war risk insurance following the Russia-Ukraine conflict

Burkhard Fischer, Chairman of the Association of Accident Regulators, addressed the challenges faced by the shipping industry post the Russian-Ukrainian war. The unexpected conflict left many vessels stranded, triggering debates on the need to review low war risk insurance premiums. Fischer emphasized the unique circumstances of each case in navigating these unprecedented challenges.

Continue reading
Advertisements