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What a Dark Fleet Tanker Looks Like: 23 Defects, Eight Different Names

The Insured Mind31 May 2023

A giant oil tanker that was detained in China failed its safety inspection on more than 20 counts, spotlighting the…

crude oil shipments crude oil tankers Insurance International & Reinsurance News marine cargo insurance marine hull insurance marine insurance oil tanker safety oil tankers shadow oil tankers

An Oil Tanker Ablaze in South China Sea Is Indication of Global Problem

The Insured Mind8 May 2023

Off the coast of Malaysia, in one of the world’s busiest shipping channels, an explosion on board the aging oil…

crude oil tankers Insurance International & Reinsurance News International Maritime Organization (IMO)International Union of Marine Insurance (IUMI)NorthStandard P&I Club oil tanker safety oil tankers Russia sanctions Russia Ukraine war shadow oil tankers

Ship Insurers Warn of Russian Oil Price Cap Evasion, Risks of Growing ‘Dark Fleet’

The Insured Mind27 April 2023

A rise in spot prices for Russian crude oil to above the $60 per barrel cap imposed by western powers…