Fires involving Li-ion batteries are more dangerous and can lead to huge losses - and the insurance and shipping sectors are grappling how to deal with the issue.
Reuters reports that insurers are looking to increase premiums or revoke coverage for ships sailing to Ukraine following Russia's disengagement from a U.N.-supported grain trade agreement.
Specialty (re)insurance coverage, involving 13 underwriters, has enabled a salvage operation for The FSO Safer which holds 1.14 million barrels of light crude and has been deteriorating since 2015.