Treasury Asked Why US P&I Club Insures Ships Carrying Iran Oil March 18, 2024 By Zachary R. Mider and Zeke Faux A Republican congressman is asking the Treasury Department to explain its handling of a US insurance company that covered dozens...
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...
Iran’s Seizure of 2 Greek Oil Tankers Adds Risk to Key Shipping Route June 1, 2022 By Anthony Di Paola Iran’s seizure of two Greek oil tankers in the Persian Gulf raises the risk of further interruptions to shipments from...
U.S. Seizes Iranian Oil Cargo From Russian-Operated Ship Near Greece: Sources May 27, 2022 By Jonathan Saul, Lefteris Papadimas and Renee Maltezou The United States has confiscated Iranian oil held on a Russian-operated ship near Greece and will send the cargo to...
Marsh Sees Hike in Demand for Political Violence Insurance in Gulf After Tanker Attacks January 22, 2020 By Davide Barbuscia Marsh, one of the world’s largest insurance brokers and risk advisers, has seen a spike in clients’ inquiries for political...
Iranian Oil Tanker Struck, Probably by Missiles: Iran Media October 11, 2019 By Parisa Hafezi and Sylvia Westall An Iranian-owned oil tanker was struck, probably by missiles, in the Red Sea off Saudi Arabia’s coast on Friday, Iranian...
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...
Oil Tankers Steer Clear of Middle East Refueling Hub As Attacks, Insurance Costs Rise July 9, 2019 By Anthony DiPaola Oil tanker owners are avoiding sending their ships to the Middle East’s main refueling hub after a spate of attacks...
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...