German Bank Seeks to Seize Ships for Breach of Iran Sanctions August 6, 2019 By Saket Sundria, Serene Cheong and Dan Murtaugh Reports alleging that fuel tankers appeared to breach U.S. sanctions against Iran were cited in court filings by a bank...
While Ships in Persian Gulf Turn Off Transponders to Avoid Seizure, Collision Risks Rise August 2, 2019 By L.S. Howard Following weeks of mounting tensions in the Persian Gulf where vessels have been attacked and an oil tanker has been...
Oil Tankers Cut Navigation Risks in Strait of Hormuz by Vanishing from Tracking Systems August 1, 2019 By Brian Wingfield and Julian Lee Oil tanker owners are finding a way to reduce the risks of navigating the Strait of Hormuz, the world’s most...
Shipping Firms Begin Hiring Unarmed Guards for Voyages in Middle East Gulf July 17, 2019 By Jonathan Saul Shipping companies are hiring unarmed security guards for voyages through the Middle East Gulf as an extra safeguard after a...
Panama to Withdraw Flags from More Vessels that Violate Iran Sanctions: Reuters July 15, 2019 By Marianna Parraga and Elida Moreno Panama will withdraw its flag from more vessels that violate sanctions and international legislation, the country’s maritime authority told Reuters,...
AIG Winds Down Iran Business It Acquired Along With Validus November 7, 2018 By Suzanne Barlyn American International Group Inc. is exiting business activities in Iran that came with a subsidiary it acquired and which now...
U.S. Reimposes Iranian Sanctions, Hitting Insurance, Shipping, Energy, Banking November 5, 2018 By Nick Wadhams, Golnar Motevalli and Ladane Nasseri The U.S. reimposed sanctions on Iran’s critical oil industry Monday, raising pressure on the Islamic Republic to scale back its...
Iran Eyes Introduction of Insurance-Linked Securities as Alternative to Reinsurance October 3, 2018 By Bernardo Vizcaino Iran is developing a range of new financial products, from Islamic bonds to warrants and insurance-linked securities, in an effort...
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)...