Ship owners covered by Japan P&I club must alert the maritime insurer in advance of any plans to transport Iranian oil and petrochemicals that could fall foul of Western sanctions, the insurer said. The United States and European Union have …
Japanese buyers of Iran crude may ask Tehran to include a force majeure clause in contracts if they are unable to pay Iran or lift Iranian oil due to lack of insurance cover for tankers under European Union sanctions, industry …
Japan’s main shipping insurer will only be able to provide a fraction of the coverage to tankers transporting Iranian oil under new European Union sanctions, officials said on Friday. Starting in July, European insurers and reinsurers will be prohibited from …
A Japanese supertanker, which triggered fears of an attack in the sensitive Strait of Hormuz oil shipping route, collided with something, possibly a submarine or mine, UAE port officials inspecting the ship said on Thursday. Damage to the massive crude …
A Japanese oil tanker damaged by a freak wave in the Strait of Hormuz, one of the world’s most important shipping lanes, was making its way to a port in the United Arab Emirates on Wednesday. The ship’s owners reported …
