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Charterers avoid Israeli-linked ships; war risk insurance at Israeli ports costlier

October 30, 2023 Comments Off

Oil and refined product buyers across Asia are avoiding the use of tankers that have Israeli ownership, and concerns are growing over a potential increase in war risk insurance premiums if the conflict lingers and engulfs the wider Middle East, shipping executives in Seoul, Singapore and Oslo said over Oct. 27-30. “The issue is twofold — one relates to the…