South Korean shipbuilder Korea Shipbuilding & Marine Engineering (KSOE) has received orders for nine vessels amounting to almost $1.3 billion.

Fidelis Insurance, a Bermuda-based provider of specialty insurance and reinsurance products, is the latest company to join the new framework for responsible marine insurance.

In response to Russia’s attack on Ukraine, the Government of Canada intends to ban Russian-owned or registered ships and fishing vessels in Canadian ports and internal waters.

Several container shipping majors have temporarily suspended bookings to and from Russia amid the Russian military attack on Ukraine.