Edition:
United Kingdom

Jonathan Saul

Ship insurance costs soar after Middle East tanker attacks

14 Jun 2019

LONDON Insurance costs for ships sailing through the Middle East have increased by at least 10% after attacks on two tankers in the Gulf of Oman on Thursday, with the potential for costs to rise further as regional tensions escalate, ship insurers said.

Iran scrambles to lift petrochemical sales as sanctions hammer oil

12 Jun 2019

LONDON/DUBAI/SAO PAULO Iran has been racing to step up exports of petrochemicals and tap new markets to compensate for sliding oil sales, Iranian and international industry sources said, but now risks losing that crucial revenue as Washington tightens the screw on sanctions.

UPDATE 1-Iraq says decision on Russian wheat imports could be months away

11 Jun 2019

LONDON, June 11 Iraq is still holding discussions over possible wheat imports with Russia and it could be months before any outcome is known, Iraq's deputy trade minister said on Tuesday.

Iran stores more oil on land and at sea as exports slump

23 May 2019

LONDON Iran's oil storage on land and at sea is on the rise as U.S. sanctions on exports bite and Tehran battles to keep its aging fields operational and crude flowing, according to data and industry sources.

Factbox: IMO 2020 - a major shake-up for oil and shipping

17 May 2019

Tougher rules on sulfur emissions from ships will come into effect next year in the biggest shake-up for the oil and shipping industries for decades.

FACTBOX-IMO 2020: a major shake-up for oil and shipping

17 May 2019

May 17 Tougher rules on sulphur emissions from ships will come into effect next year in the biggest shake-up for the oil and shipping industries for decades.

London marine insurers widen Middle East threat zone after ship attacks

17 May 2019

LONDON London's marine insurance market has extended the list of waters deemed high risk to include Oman, the United Arab Emirates and the Gulf after ship attacks off Fujairah, officials said on Friday, in a move that could push up premiums.

London marine insurers widen Middle East threat zone after ship attacks

17 May 2019

LONDON London's marine insurance market has extended the list of waters deemed high risk to include Oman, the United Arab Emirates and the Gulf after ship attacks off Fujairah, officials said on Friday, in a move that could push up premiums.

UPDATE 2-London marine insurers widen Middle East threat zone after ship attacks

17 May 2019

* Committee say still has few facts on shipping incident (Updates with further comment, detail)

Exclusive: Insurer says Iran's Guards likely to have organised tanker attacks

17 May 2019

LONDON/OSLO Iran's elite Revolutionary Guards (IRGC) are "highly likely" to have facilitated attacks last Sunday on four tankers including two Saudi ships off Fujairah in the United Arab Emirates, according to a Norwegian insurers' report seen by Reuters.

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