Oil tanker insurance costs set to increase

Japan News | Jun 14, 2019 at 1:11 PM
  • The cost of insuring tankers to ship Middle East crude will increase after a second spate of attacks on vessels in the region in just over a month.
  • DNK, the mutual insurer that covered one of the ships damaged Thursday, will increase its rates for war insurance.
  • DNK insured the Norwegian-owned Front Altair for the full value of the vessel, according to the person familiar.