Five Iran-Connected Oil Tankers Lose Their Flags Following U.S. Sanctions November 15, 2022 By Marianna Parraga The international ship registries of Djibouti and the Cook Islands suspended the flags on five oil tankers, following sanctions by...
India Refinery Cancels Iran Oil Imports to Keep Insurance Cover as Sanctions Loom September 20, 2018 By Nidhi Verma India’s Chennai Petroleum will stop processing Iranian crude oil from October to keep its insurance coverage once new sanctions by...
China Imports with Iranian Oil Tankers and Insurance, Amid Sanctions: Sources August 20, 2018 By Chen Aizhu and Florence Tan Chinese buyers of Iranian oil are starting to shift their cargoes to vessels owned by National Iranian Tanker Co. (NITC)...
India’s HPCL Cancels Iran Oil Purchase After Insurer Refuses to Provide Cover: Sources July 26, 2018 By Nidhi Verma India’s Hindustan Petroleum Corp. (HPCL) canceled the purchase of an Iranian oil cargo earlier this month after its insurance company...
Oil Shippers Face Insurance Uncertainty with Return of U.S. Sanctions on Iran May 11, 2018 By Alex Longley Oil tanker owners are facing a nervous wait to find out whether they can carry on doing business with Iran...
Global Marine Insurers Develop Coverage Options for Iran Oil Exports January 17, 2017 By Keith Wallis and Osamu Tsukimori Global shipping insurers have devised a way to ensure nearly full coverage for Iranian oil exports from next month after...
Insurance and Safety Issues Delay Iran’s Entry into Global Oil Tanker Market November 12, 2015 By Jonathan Saul Even after Western sanctions are lifted, Iran’s oil tanker fleet is expected to face more hurdles before many of the...
Iranian Trade with India Hit by Insurance Delay Sources Say October 8, 2013 By Nidhi Verma Oil and container trade between India and Iran has been disrupted due to uncertainty over insurance cover, leaving some ships...