Oil shipment insurance - Ship at sea carrying oil

Iran offers oil shipment insurance to India to keep tankers sailing

Tehran’s efforts to overcome the returning U.S. sanctions include providing their own insurance coverage. Iran has started offering India oil shipment insurance to cover tankers…

hurricane insurance companies

Hurricane insurance companies are preparing for a busier season than usual

As Harvey makes its way closer to Texas, insurers are bracing for the impact of landfall. Forecasters and hurricane insurance companies alike are watching both…

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

Japan chooses to continue providing its own oil insurance

Despite the fact that the sanctions against Iran have been lifted, the country will be keeping its sovereign coverage. Now that the sanctions against Iran…

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

Japanese Iranian oil insurance shipping costs to rise this year

According to recent reports, Japan’s maximum coverage for tankers carrying crude from Iran is expected to rise. According to sources quoted in several oil insurance…

rail insurance news industry train transportation

Insurance news in Canada has increased coverage requirements for oil trains

The country is now demanding that rail vehicles transporting oil must have additional protection against spills and explosions. According to the Transport Minister of Canada,…