Insurance Rates for Crude Oil Tankers to Jump After Gulf Attacks June 14, 2019 By Julian Lee, Alex Longley and Will Hadfield Oil tanker owners are turning increasingly nervous about loading cargoes from the world’s largest export region for crude after the...
Suspected Attack on 2 Oil Tankers Near Strait of Hormuz Stokes Fears of War June 13, 2019 By Verity Ratcliffe, Anthony DiPaola and Bruce Stanley Two oil tankers were damaged on Thursday in a suspected attack near the entrance to the Persian Gulf, stoking fears...
Oil Tankers in the Persian Gulf Face Highest Risk Since 2005 May 22, 2019 By Alex Longley Not since 2005 have the world’s insurers considered shipping in the Persian Gulf so dangerous for oil tankers. The Joint...
London Marine Insurers Expand Middle East Threat Zone After Saudi Ship Attacks May 17, 2019 By Jonathan Saul London’s marine insurance market has extended the list of waters deemed high risk to include Oman, the United Arab Emirates...
Insurer Says Iran’s Guards Likely Facilitated Saudi Tanker Attacks: Reuters May 17, 2019 By Jonathan Saul and Gwladys Fouche Iran’s elite Revolutionary Guards (IRGC) are “highly likely” to have facilitated attacks last Sunday on four tankers including two Saudi...
Oil, Gas Shippers Brace for Rise in Insurance Premiums After Saudi Ship Attacks May 16, 2019 By Florence Tan and Yuka Obayashi Asian shippers and refiners have put ships heading to the Middle East on alert and are expecting a possible rise...
Compensation for Iran Tanker Accident Could Be Complicated by U.S. Sanctions January 11, 2018 By Jonathan Saul The reluctance of foreign banks to deal with Iran could complicate any compensation payments resulting from the collision last week...
Iranian Oil Tanker Continues to Burn in East China Sea; No Large Scale Spill Expected January 10, 2018 The stricken Iranian oil tanker in the East China Sea could burn for as long as one month, South Korea’s...
Update: High Winds, Toxic Gases Hinder Efforts to Douse Iranian Oil Tanker Fire January 9, 2018 Strong winds, high waves and toxic gases are hindering dozens of rescue boats struggling to locate missing sailors from a...
Fire Rages on Iranian Oil Tanker After Collision in East China Sea; Crew Missing January 8, 2018 Rescue crews wrestled to bring a blaze on an Iranian oil tanker off China’s east coast under control on Monday...