In a major development, the Bangladesh Shipping Corporation will get $22.48 million in insurance for an abandoned cargo ship in Ukraine. The vessel in question is Banglar Samridhhi which came under fire in a missile attack last year and had been lying in Olvia port since then.
The primary insurer of the ship, Sadharan Bima Corporation, has been negotiating with the Tysers for months, and now the reinsurer has said that they will clear the payment in foreign currency within February 2023.
The...