State-owned Bangladesh Shipping Corp is seeking $22.4 million from its insurer for a cargo ship hit by a missile in March, government officials with knowledge of the talks said, in the first major marine insurance claim from the conflict in Ukraine.

Ukrainian President Volodymyr Zelenskiy urged American lawmakers to do more to protect his country from Russia's invasion in an address to the US Congress on Wednesday and pleaded with President Joe Biden to be the world's "leader of peace."

International trade largely depends upon the shipping industry. Around ninety percent of traded goods are transported around the world through sea.