Japan Insurers to Continue Russia Shipping Coverage, Kyodo Says
- The move eases concerns about disruption to LNG shipments
- Japan had asked insurers to keep coverage on Russia LNG supply
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Japan’s insurers will continue to provide war-risk coverage for vessels in Russian waters in January, Kyodo News reported Thursday.
The insurance companies said earlier this month that they would halt the marine hull war risk coverage in Russian and Ukrainian territorial waters from Jan. 1. The firms are currently negotiating reinsurance coverage for January contracts and are near a formal agreement, Kyodo said without attribution.