Increased Russian attacks on Ukraine’s seaports spur rising costs for ship insurance. The cost of insurance for ships passing through the Ukrainian Black Sea export corridor has increased significantly during the last week due to increased Russian attacks. The insurance price exceeds 1... #RussianAttackonUkraine #UkraineMaritimeCorridor #UkraineSeaPorts #UkrainianShipInsurance #WarinUkraine
Exports through the Ukrainian Sea corridor have become easier with the participation of more insurance companies. The export of Ukrainian grain through the Black Sea has been simplified by the increasing number of insurance companies operating in this market, said Oleg Kiper, the head of the Odesa Regional State ... #agroexportukraine #blacksea #BlackSeaCorridor #OlehKiper #UkraineMaritimeCorridor #UkrainianShipInsurance
Ukraine has agreed on favorable insurance terms for container transportation by sea. According to Yuriy Vaskov, the Deputy Minister of Infrastructure, Ukraine has increased its indicators for goods turnover through seaports to about 75% of the pre-war level through the use of the Blac... #ContainerShippingUkraine #UkraineExport #UkraineMaritimeCorridor #UkrainianShipInsurance #YuriyVaskov.
Unity Facility insurance coverage in the sea corridor has been extended to all cargoes. The Unity Facility grain transportation insurance mechanism for the Ukrainian maritime corridor, which has been in effect since November 2023, has been expanded to include vessels that carry not only ... #InsuranceUkraine #MilitaryRiskInsurance #UkrainianShipInsurance #UNITYinsurance #WarRisks
The Ukrainian maritime corridor’s 2024 forecast: The opening of the temporary sea corridor in August last year had a huge positive impact on the export of all types of goods and the country’s entire economy. In total, 736 ships, which transpor... #UkraineEconomy #UkraineMaritimeCorridor #UkrainianShipInsurance #UNITYinsurance #ВідвантаженнятоварівУкраїна
14 export credit agencies provide guarantees to businesses for investment in Ukraine, said Prime Minister Denys Shmyhal. Ukraine, together with MIGA (The Multilateral Investment Guarantee Agency) and the DFC (The US International Development Finance Corporation), are implementing an in... #BlackSeaCorridor #DenysShmyhal #DFC #InsuranceUkraine #MIGA #UkrainianShipInsurance
State banks have begun to insure vessels that export goods through the sea corridor. State-owned Ukreximbank and Ukrgasbank, at the request of the Export Credit Agency, issued letters of credit for $10M each in favor of a pool of 14 British insurance companies to reduce the cost of in... #BlackSeaCorridor #ExportCreditAgency #InsuranceUkraine #UkrainianShipInsurance #Ukreximbank #Ukrgasbank
Ukraine is strengthening the security of its maritime exports with the help of ship insurance and by reducing the military threat from Russia. Ukraine, the UK, and international insurance companies, with the participation of Marsh, an insurance broker that is part of Oliver Wyman, have created a special, unprecedented insurance mechanism for... #BlackSeaCorridor #GrainCorridors #MilitaryRiskInsurance #OliverWyman #UkrainianShipInsurance #ВідвантаженнятоварівУкраїна
Ukraine launches a Ship Insurance Fund. The $50M fund, created on November 14 together with the British government and a pool of insurance companies, may become operational as early as this week, said Minister of Economy Yuliya Svyridenko. ... #InsuranceUkraine #MilitaryRiskInsurance #UkrainianShipInsurance #YuliyaSvyridenko
The UK will help Ukraine make insurance for ships in the Black Sea more affordable. Ukraine and the UK have agreed on a special mechanism for the insurance of military risks during exports through the Black Sea corridor, Prime Minister of Ukraine Denys Shmyhal said. As he clarified, ... #BlackSeaCorridor #DenysShmyhal #MilitaryRiskInsurance #UkrainianShipInsurance #ВідвантаженнятоварівУкраїна
Ukraine is working with the US and UK to reduce the insurance cost for cargo owners moving through the maritime corridor. Completely restoring the entire operation of Ukraine’s deep-sea ports is the fastest way to improve the economic situation, said Minister of Infrastructure Oleksandr Kubrakov. “In this cas... #BlackSeaCorridor #MilitaryInsurance #OleksandrKubrakov #UkrainianShipInsurance #ВідвантаженнятоварівУкраїна
Ukraine works on insurance for grain carriers with global insurers: the country will try to free its ports. According to the Deputy Minister of Economy of Ukraine, Oleksandr Hryban, Ukraine is finalizing a scheme with global insurers to insure grain ships heading to and from Ukrainian Black Sea ports. The s... #agroexportukraine #GrainCorridors #MilitaryRiskInsurance #OleksandrHryban #UkrainianShipInsurance
The Ministry of Agrarian Policy has a plan for grain export from Ukraine by sea. After the departure of the first ship from the port of Odesa since the termination of the grain agreement, the most critical tasks for Ukraine are to guarantee the safety of vessels and their crews, a... #agroexportukraine #MilitaryInsurance #TarasVysotskyi #UkrainianShipInsurance
Ukraine plans to insure vessels that pass through the grain corridor. Ukraine has insured all merchant vessels that export and import goods through the Danube ports and is considering insuring ships that will pass through the grain corridor, Prime Minister Denys Shmyhal... #agroexportukraine #DenysShmyhal #GrainCorridors #MilitaryRiskInsurance #UkrainianShipInsurance
Ukraine is preparing for sea exports without a grain agreement and will compensate war-damaged ships. The Ministry of Infrastructure reported that the government had approved a procedure for indemnifying civilian vessels entering its ports for damages. Launching the damage compensation mechanism will ... #MilitaryRiskInsurance #UkraineSeaPorts #UkrainianShipInsurance #WarRisks
The cost of insurance for ships with Ukrainian grain will increase hundreds of times. Lloyd’s of London and other brokers are preparing to insure grain shipments from Ukraine, said the head of the commercial insurance market, Bruce Carnegie-Brown. He said that brokers and underwr... #Lloyd'sOfLondon #UkrainianShipInsurance
