Greek shipowner in court battle with Berkshire Hathaway and slew of big-name Lloyd’s syndicates over Ukraine claim

Increased attacks on the Black Sea are set to disrupt crude liftings at Novorossiysk

The Ukrainian Navy called the attack ‘an act of terror against peaceful navigation and a gross violation of international humanitarian law’

Escalating attacks by Russia and Ukraine on ships, ports and maritime infrastructure in the Black Sea are driving up costs, shrinking vessel availability and reviving fears of a return to the uncertainty that followed the collapse of the grain deal in 2023

Diesel — which accounts for around a third of coated product tanker cargo volume — is under siege, courtesy of Ukrainian attacks on Russian refineries and Iranian attacks on ships in the Strait of Hormuz

Commander Robert Brovdi claims 27 vessels were struck in the latest round of drone attacks launched by Kyiv

The campaign on Black Sea shipping and infrastructure continues, as a suezmax tanker was also struck off Novorossiysk

Lloyd’s Europe must pay out on mortgagee interest insurance policy after lenders hoodwinked

Decision has important implications for indirect causation in insurance clauses

Underwriters able to rely on standard contract’s war exclusions

Ambrey chief commercial officer Joshua Hutchinson said the attacks directly targeted the vessels’ superstructures and bridges