Tag Archives: Tanker owners face insurance headache as Mideast war risk haunts shipping trade

Even as the United States and Iran appear to signal a keenness to avoid further conflict, oil and gas shipowners are bracing to pay a price for the war of words that culminated in rocket strikes in Iraq over the last week — higher insurance bills. According to industry sources, payments known as war risk premiums for tankers shuttling through …

Even as the United States and Iran appear to signal a keenness to avoid further conflict, oil and gas shipowners are bracing to pay a price for the war of words that culminated in rocket strikes in Iraq over the last week — higher insurance bills. According to industry sources, payments known as war risk premiums for tankers shuttling through …