Full support for seafarers in Ukraine

All of us at IUMI are shocked and saddened by the war unfolding in Ukraine. Whilst it is not appropriate for us to comment on the political situation, we are fully aware that Russia’s attack has directly impacted shipping in the area as well as the safety and welfare of many seafarers.

We have heard reports of vessels being attacked by missiles resulting, tragically, in at least one fatality. A number of vessels are alongside in Ukrainian ports where they remain at high risk. A lack of tugs, pilots and shoreside facilities are currently preventing these ships from departing. Inevitably, stocks of potable water, food and fuel will begin to run low as the war continues.

It goes without saying that we must place the safety and welfare of all those affected – both at sea and ashore -  at the top of our list of priorities and we urge all maritime stakeholders to do the same.

Currently, the flow of accurate information from Ukraine and the surrounding areas is poor making it challenging to fully assess the risk levels for shipping. Insurance companies are seeking continuous updates from a variety of sources including from their assureds and independent security companies. Marine war risk insurers are monitoring the situation and are able to provide cover in most circumstances as long as information is available and accurate. Vessels entering high-risk areas should notify their underwriters who will assess the risk accordingly. 

We join many others in the call for a swift and peaceful end to the current situation and we call upon all marine underwriters to continue to support their assureds during this difficult time.