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...Craig Kennedy, a Russian oil expert at Harvard, said many coastal states are not using their full rights under maritime law to protect themselves against underinsured vessels....
...All of Russia’s oil shipped through the Baltic Sea, roughly 60 per cent of its total seaborne oil exports, crosses the narrow Danish straits on its way to international markets....
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...AIG has undergone significant change during his tenure, with moves including last year’s initial public offering of its life insurance and retirement business, Corebridge....
...“There is a lot of cover for the [protection and indemnity] element to address,” said Neal, citing the $3bn of liability reinsurance that the ship has access to through the International Group of P&I Clubs...
...The risks have risen as international trade in goods has increased and ships have grown larger....
...CSX, one of the biggest freight railroad companies on the east coast, said customers should expect delays due to the bridge collapse, adding that all international intermodal shipments destined for Baltimore...
...The International Maritime Organization, a specialised UN body that regulates shipping globally, said all vessels “should comply with well-established standards and best practices” including using pilotage...
...Additional reporting by Ian Smith, Insurance Correspondent...
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...Shapps said the assaults on shipping had forced 12 international companies, including energy group BP and Maersk, to suspend passage through the Red Sea, and caused insurance costs to increase 10-fold since...
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...The Ukrainian government, which has been focused on securing support for the corridor from shipping companies to maintain its international trade, released few details about the incident....
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...Brent crude, the international oil benchmark, rose 0.2 per cent to $76.16, with the impact of the threat to shipping limited by broader market concerns of oversupply....
...They also clearly characterised those blue purposes as being primarily about “the sustainable use of maritime resources”....
...Maritime tension is just one of several problems facing the global shipping industry....
...“But Dai-ichi Life is clearly on the conservative side and people will look at it and say that’s Japan Inc. It’s great news for M&A in Japan.”...
...Ajit Jain, a Berkshire vice-chair who oversees its insurance operations, told shareholders at the annual meeting in May that the company had wagered heavily on the Florida insurance market and had written...
...More Russian oil than ever before is being transported on sanctions-circumventing tankers that exploit loopholes in international maritime regulations....
...Her report demonstrates the economic impact of the art trade — estimated to contribute nearly £1.6bn to the UK economy in taxes — and its ancillary expenditure in industries including insurance, hospitality...
...The idea was to allow Russian barrels to keep flowing to new buyers but use Europe’s maritime dominance to force Moscow to accept lower prices. Has it worked?...
...International stockists on Wine-searcher.com Follow @FTMag to find out about our latest stories first and subscribe to our podcast Life and Art wherever you listen...
...To wit: The cost of tenants’ and household insurance has climbed 1.6 per cent over the past year. Car insurance has soared 17.1 per cent....
...The deal went badly wrong, sending its international division into a series of lossmaking years and deep cutbacks....
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