Daily Digest: Black Sea market holds firm, Fidelis on aviation overcapacity, LMA urges culture shift at Lloyd's

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Black Sea war risk market avoids ‘knee-jerk reaction’ to renewed fighting Black Sea marine war risk premiums have inched up on the back of intensified clashes between Russia and Ukraine, with increased enquiry from vessels planning Danube calls, according to market sources. The ongoing fighting has seen both sides target each other’s energy infrastructure, with a drone strike on Ukrainian-held Izmail on November 17 hitting liquefied petroleum gas carrier Orinda (IMO: 9240122). The incident marked the third major attack on a port in the Black Sea region in the space of just a few days.