Shipping insurance costs across the Black Sea are skyrocketing

LONDON, Feb 25 (Reuters) – Insurers have raised the cost of cover for merchant ships crossing the Black Sea, adding to soaring freight rates in the region for vessels still ready to sail after the invasion of Ukraine by Russia. Shipowners pay war risk insurance annually as well as an additional “infraction” premium when entering … Read more

Shipbuilding in China for Taiwanese firm likely helps bolster Chinese navy – US think tank

A crane lifts an Evergreen Marine container at the port of Kaohsiung, Taiwan August 7, 2017. REUTERS/Tyrone Siu Join now for FREE unlimited access to Register WASHINGTON, April 7 (Reuters) – Contracts between China’s top state-owned shipbuilding company and Taiwan’s top shipping company are likely to cut costs for modernizing China’s navy, raising security … Read more