Russia’s Oil Tanker Firm Sovcomflot Says G-7 Sanctions Make Oil Trade Less Safe September 20, 2024 By Bloomberg News Russia’s state-run oil tanker company Sovcomflot PJSC said that western sanctions on ships moving the nation’s petroleum oil are only...
Russian Insurers Play Growing Role in Facilitating Oil Exports to Top Buyer India September 18, 2024 By Nidhi Verma and Gleb Stolyarov Russian insurers are playing a growing role facilitating the country’s oil shipments to India, its biggest buyer, data obtained from...
Insurers Say Dark Fleet Oil Tankers Pose a Major Claims Risk September 18, 2024 By Alex Longley Marine insurance markets face significant risk from the growth of a shadow fleet of ships hauling oil from sanctioned producers...
Russia’s RusChemAlliance Sues 5 European Banks Over Aborted Gas Project September 17, 2024 Russian company RusChemAlliance has filed new lawsuits against five European banks that stopped financing the construction of a gas project...
London-Based Ship Registry Helps Russia Oil Tankers Keep Running August 23, 2024 By Julian Lee and Alex Longley Three oil tankers that are under British sanctions for transporting Russian petroleum are sailing under the flag of a nation...
Western Insurers Provide Cover for Russian Oil Despite Price Cap Concerns August 8, 2024 By Jonathan Saul and Gleb Stolyarov A group of Western insurers have provided cover for tankers carrying Russian crude, keeping its oil flowing after many in...
A Gas Carrier Faking Its Location Helps Russia Avoid Sanctions August 5, 2024 By Stephen Stapczynski A liquefied natural gas tanker that’s docked at a sanctioned Russian gas facility has no known insurer, is managed by...
How Iran Oil Link Could Complicate Insurance Claims After Tankers Collide Off Singapore August 5, 2024 By Jonathan Saul A collision between two tankers off Singapore in July raises questions over insurance claims, as one of the vessels previously...
Oil Tanker Insurance Payouts at Risk After UK’s Russia Sanctions July 23, 2024 By Alex Longley Transfers of oil at sea that involve a recently sanctioned Russian insurer may prevent western firms from paying claims if...
Dark Fleet Caper Exposes Growing Risks in Crowded Malacca Strait July 22, 2024 By Serene Cheong A collision that set two vessels ablaze off Singapore has underlined the growing risks in the crowded Straits of Malacca,...