Oil Spills and Near Misses: Growing Numbers of Ghost Tankers Ship Sanctioned Fuel March 23, 2023 By Jonathan Saul An oil tanker runs aground off eastern China, leaking fuel into the water. Another is caught in a collision near...
Ship Inspectors Conduct Virtual Inspections of Oil Tankers During Pandemic May 27, 2020 By Jonathan Saul Ship assessors are resorting to virtual inspections of oil tankers to keep vessels afloat, as the coronavirus pandemic makes physical...
Greek Tanker Manager Denies Connection to Oil Leak Tarring Brazil’s Beaches November 4, 2019 The manager of an oil tanker being probed by Brazilian authorities in connection with an oil spill off the country’s...
Spain Supreme Court Orders $1.7B Compensation for 2002 Prestige Oil Spill December 27, 2018 Spain’s Supreme Court has ruled that the captain and the insurer of the Prestige oil tanker must pay more than...
India’s Biggest Shipping Firm Resumes Iran Oil Transport with Insurance in Place July 5, 2016 By Nidhi Verma Shipping Corporation of India (SCI) will resume sailing to Iran this month after a four-year gap, transporting an oil cargo...
P&I Clubs Plug Shortfall in Iran Oil Cover; US Reinsurers Still Barred by Sanctions March 23, 2016 By Jonathan Saul and Osamu Tsukimori Ship insurers have stepped in to help plug a shortfall in cover for transporting Iranian oil resulting from the fact...
Iran Still Faces Curbs on Oil Exports from Ongoing Insurance Issues: Oil Official March 2, 2016 By Rania El Gamal Iran still faces constraints on oil exports as buyers are cautious about boosting trade immediately because of banking and ship...
Iran Oil Shipping Insurance Issues Will Take 2-3 Months to Resolve: Tanker Firm March 1, 2016 By Henrik Stolen Frontline, one of the world’s largest independent tanker firms, says securing insurance for cargoes carrying oil from Iran is likely...
New York-Based Insurer Says U.S. Has Lifted Sanctions for Iranian Oil Cargoes February 12, 2016 By Alex Longley A U.S.-based insurer to the global shipping industry said it got government authorization to cover non-American companies transporting oil from...
International Insurers Still Reluctant to Provide Cover for Iran Oil Cargoes February 3, 2016 By Jonathan Saul Oil companies looking to steal a jump on rivals in the race to benefit from Iran’s emergence from Western sanctions...