29 December 2022 | Other

Japanese companies to continue shipping insurance in Russian waters

Kyodo Agency reported Japanese companies extended the insurance period for ships in Russian waters. 

Earlier, the media noted that Japan was about to refuse providing insurance services to marine vessels in waters around Russia. In this case, it could have affected the supply of LNG from the Russian project Sakhalin-2, where Japan takes part. On December 23 Japanese insurers Tokio Marine & Nichido Fire Insurance Co, Sompo Japan Insurance Co and Mitsui Sumitomo Insurance Co, had already started sending notifications to their customers.

However, in case of an LNG tanker accident further uninsured fuel transportation would be impossible — the losses would be enormous. Therefore, on December 27 the government of Japan asked insurance companies to continue to insure ships carrying liquefied natural gas (LNG) around Russia. After some negotiations, the parties signed a prolonged contract for January 2023.

Company MarketCheese
Period: 30.04.2025 Expectation: 12000 pips
ETHUSD set to test upper boundary of downtrend channel
Today at 11:30 AM 26
Period: 25.04.2025 Expectation: 500 pips
AUDUSD to fall to 0.63000
Today at 09:54 AM 14
Period: 28.04.2025 Expectation: 3100 pips
Buyers may retake initiative in USDJPY with target of 146.00
Today at 08:41 AM 14
Period: 02.05.2025 Expectation: 229 pips
Selling natural gas with target of 2.900 amid warm weather in US and Europe
Today at 07:01 AM 14
Period: 02.05.2025 Expectation: 1000 pips
Technical rebound of NVIDIA stock to result in pullback to 95
Yesterday at 11:27 AM 43
Gold sell
Period: 25.04.2025 Expectation: 7000 pips
Gold to correct to level of 3,250
Yesterday at 10:02 AM 100
Go to forecasts