Insurers Signal Fallout From Sanctions On Russia
Insurers are concerned that price-cap-compliant companies are losing business as a direct result of increased shipping through Russia’s shadow fleet
Source: oilprice.com
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Russia's shadow tankers risk 'oil spill disaster'
Thousands of vessels with limited cover are an environmental accident waiting to happen, says the boss of a top shipping insurer.
Source: afr.com
Ageing shadow fleet carrying Russian oil poses disaster risk
Old tankers, typically sold for scrap, are instead hauling crude while usual safety and insurance standards aren’t being met
Source: timeslive.co.za
Aging Shadow Fleet, Shipping Russian Oil, Poses Disaster Risk
The oil tanker Turba normally should have been melted down by now. The 26-year-old vessel hasn't had a full inspection since 2017, according to a database
Source: insurancejournal.com
Why ageing shadow fleet carrying Russian oil poses disaster risk
Given large volume of oil trade between Russia and other countries, its age old fleet like oil tanker Turba poses a massive disaster risk due to its low maintenance and poor safety standards
Source: livemint.com