LONDON/DUBAI: Ships carrying petroleum to Iran face greater scrutiny at ports in the United Arab Emirates as new western sanctions bite leaving the Islamic Republic to seek alternative hubs, trade and shipping sources say.
While the latest (...)
LONDON: Lloyd's of London will not insure or reinsure petroleum shipments going into Iran, the insurance market said on Friday. US President Barack Obama signed into law last week far-reaching new sanctions that aim to squeeze the Islamic Republic's (...)
LONDON/DUBAI: Royal Dutch Shell and other oil companies are taking less Iranian crude because of poor economics and the difficulty of making financial transactions with Tehran, industry sources said on Thursday.
The lower sales coincide with a (...)
LONDON: Shipping associations, marine insurers and unions joined forces on Wednesday to demand "concrete action" from governments to end Somali piracy. Somali pirates have stepped up their attacks in recent months, making tens of millions of dollars (...)
