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...Another focus for MS Amlin is to grow its casualty insurance lines, such as policies which provide cover for legal claims against a company’s management team....
...The government has in recent years introduced legislation to crack down on boats misusing transit visas....
...The Swiss bank Julius Baer has been a prominent casualty....
...Should companies be punished for handing money back to shareholders? The Department of Justice seems to think so....
...Germany imposed the transit tariff in 2022 to cover the cost of refilling its gas storage tanks to hit European Commission targets intended to avoid winter shortages for businesses and consumers....
...Country Garden has missed its final deadline for the coupon payment on a dollar bond, according to three creditors, making what was once China’s biggest developer by sales the latest casualty of the country...
...Companies there are providing help such as accommodation through hotel partnerships and carpooling matchmaking....
...Vanke, partly owned by Shenzhen Metro, the rapid transit system in the southern city, is the latest focal point of a nationwide property slowdown that has seen many of its peers default on their debts....
...European companies’ sheer ability to pay secured new contracts as well as spot purchases from the US and Qatar....
...Occasionally, the product is damaged in transit and can’t be sold on. There’s an environmental cost too, from transportation and disposal....
...But since 2007, the main gateway to the country has been limited to 32mn passengers a year, not counting those in transit....
...The company added that it was working on plans for the first transits to resume “as soon as operationally possible”, but warned that it could reverse the decision, depending on the risks....
...Taiwan Semiconductor Manufacturing Company, the world’s largest contract chipmaker, evacuated personnel from some of its plants....
...Both companies last week paused transits through the Red Sea because of the threat of attacks....
...The responsibility for keeping the trade artery open between east and west no longer lies with commercial shipping companies....
...These larger vessels have a greater risk of grounding, collision, allision, and marine casualties. These risks have resulted in limitations to operations within the Harbor....
...Owners would at one time have paid providers as much as $60,000 per transit through the piracy high-risk area off Somalia for a trained team of former elite military personnel....
...The $11bn international transit hub, which opened in 2019, features a cavernous terminal, around the size of 200 football pitches....
...Drought has cut Panama Canal transits, while rocket attacks recently drove Maersk and others to pause Red Sea transits....
...But the delay does nothing for battered confidence in a company that seems stuck in a never-ending turnaround....
...The expiration of the transit contract will end flows through one of only two remaining pipeline routes from Russia to Europe; the other goes under the Black Sea to Turkey and Bulgaria....
...That helped mitigate any huge losses for Berkshire’s all-important property and casualty insurance segment. Profits here jumped....
...Ford has released an electric Transit, while Mercedes-Benz has a battery version of its Vito van....
...However, the continued reluctance of many shipping companies to sail through waters off Yemen has raised questions about what change in conditions might prompt shipping companies to start braving the area...
...“In light of the deteriorating security situation for shipping in the Red Sea, BP has decided to temporarily pause all transits through the Red Sea,” the British energy company said in a statement on Monday...
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