oil insurance tanker ship

Oil insurance expiration may cease Japan’s imports of Iranian crude

The country has been providing its own cover for tankers making the shipments and this may not renew. This month will likely start the cessation…

oil insurance news

When oil insurance becomes available again, Iran will sell more crude

The country intends to begin boosting its shipment to awaiting customers once the sanctions are lifted. Refiners in Asia are now gearing up to purchase…

oil Insurance News

Oil insurance sanctions from EU to ease against Iran next week

Pending the go-ahead from the U.N nuclear watchdog changes will go into effect on January 20. The governments in the European Union are planning to…

Iran Oil Insurance industry News

Insurance News: South Korea halts purchases of oil from Iran

Despite insurance coverage, South Korea nixes Iran oil purchases In insurance news headlines today, South Korea has halted its purchases of oil from Iran as…

oil insurance news

Shipping insurance ban may not have an impact on the oil market

Sanctions loom but analysts suggest a modest impact In approximately two weeks, the European Union will enact sanctions against Iran that will ban insurance companies…

Insurance news

Indian shipping firms to transport oil despite sanctions

EU sanctions putting strain on shipping industry As Europe and the U.S. begin to tighten sanctions against Iran, concerns regarding the impact these sanctions will…

Major Chinese ship insurance company to cease Iranian oil tanker coverage

Commercial insurance market for oil tankers tightens A major insurer of Chinese ships has announced that, starting in July, it will be stopping its indemnity…