The Black Sea Grain Initiative that allowed grain products to be shipped from Ukrainian Black Sea ports has now ended. Our article focuses on what that means for owners’ and charterers’ contractual obligations.  There have been many developments since we last updated our article on the impact on contractual obligations of the war in Ukraine. The key developments include:    For a more comprehensive list of developments see our update here.   In this […]

Insurers are reviewing whether to freeze cover for any ships willing to sail to Ukraine after Russia on Monday quit a U.N.-backed deal that allows the export of grain through a wartime Black Sea safe corridor, industry sources said. The agreement, brokered by Turkey last July, aimed to alleviate a global food crisis by allowing Ukrainian grain blocked by Russia’s February 2022 invasion of its […]

Shipping Law Review 2023

Now in its tenth edition, the Shipping Law Review, published by Law Business Research Limited, is a cross-jurisdictional guide to shipping law in 32 key jurisdictions. HFW edits the Shipping Law Review, and this year has written the chapters on Australia, China, England & Wales, France, Hong Kong, Singapore, Switzerland, the UAE and the US. The firm has also co-written the chapter on the shipping […]

23 червня 2023 року в самому серці Одеси відбулась конференція Maritime Day «Sea of Grain». Подія зібрала професіоналів зернового та трейдового бізнесу для виступів, ділового спілкування та нетворкінгу, об’єднуючи їхні спільні інтереси. Ця конференція стала першою за довгий час, яку було неможливо пропустити. Це була чудова нагода провести вихідні з користю та змінити обстановку. Учасники конференції обговорили морський та зерновий бізнес, розділивши свої враження від […]

Dark activities

What is the AIS system? AIS technology was developed by the IMO technical committees to prevent collisions between vessels at sea. It identifies every vessel individually, along with each vessel’s specific position and movements, enabling a virtual picture to be created in real time. The AIS standards include a variety of automatic calculations based on these position reports, such as closest point of approach (CPA) […]

It is impossible to detach a business industry from the effects of a full scale military invasion by the Russian Federation of February 24, 2022. It would be difficult to argue that the transport industry suffered the most severe shocks, but perhaps the trade industry takes first place as it was also seriously challenged since it critically depends on the ability to deliver goods quickly […]

The invasion of Ukraine triggered a wide range of sanctions with both direct and indirect effects on our industry. These sanctions, coming on top of other sanctions already in existence, have made insurance companies’ compliance departments busier than ever before, with their officers being asked to do detective work regularly. In January this year, a tragic explosion onboard the tanker Smooth Sea 22 introduced us to a […]

Insurance premiums are doubling or more for some aviation and marine business particularly exposed to the war in Ukraine, increasing costs for airline and shipping firms, industry sources say. Global commercial insurance premiums rose 11% on average in the first quarter, according to insurance broker Marsh, which said the war was putting upward pressure on rates. But the overall figure masks sharper moves in some […]

Executive Summary This report from Windward, the leading Maritime AI™ company, offers proprietary insights from our artificial intelligence platform illuminating how Russia’s year-long war with Ukraine has impacted deceptive shipping practices (DSPs), trade routes, and more. The West has remained relatively unified and measures such as the oil price cap are working: the average monthly number of tankers that had a port call in Russia and subsequently […]

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