Following a series of similar settlements, Singapore's BOC Aviation obtains US$208 million from NSK for aircraft stranded in Russia.
In the last decade, India has climbed from 44th to 22nd in ranking for international shipments and Finance Minister Nirmala Sitharaman sees further growth opportunities for the marine sector.
A model created by Lloyd's predicts that a food supply shock event could result in between US$3 trillion to US$18 trillion in global economic losses, with Greater China and APAC most vulnerable.
Increased political tensions and economic instability are fueling demand for PRI.