Seven Oil Cap-compliant Tankers Sail from Russia

Capt. John
Credits: Zbynek Burival/Unsplash

Leading shipping journal Lloyd’s List has reported that seven loaded Suezmax vessels that are fully compliant with the $60 per barrel price cap and its requirements have sailed from Russian waters.

According to the journal, checks have revealed that all seven vessels have secured insurance with International Group P&I clubs, which requires proof of compliance with the G7 cap of $60 per barrel before marine insurance can be provided.

Major delays for ships

Three...

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