Western ship insurers are terminating cover for Russia’s leading shipping company Sovcomflot as multiple sanctions start to bite, companies involved say, adding to the growing challenges for the state-owned company and Moscow’s efforts to export oil and gas. Russia’s maritime sector is seeing the wind down of multiple services, including ship certification by leading foreign …
The post Sanctions tighten screws on Russia’s Sovcomflot as ship insurers cut cover first appeared on Hellenic Shipping News Worldwide.