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Insurance Rates Have Increased 10 Fold – Ardmore Shipping CEO

Logistic News - Published on Thu, 11 Jul 2019

Image Source: www.sec.gov
Mr Anthony Gurnee, CEO of Ardmore Shipping said that insurance rates for tankers transiting through the world’s most important oil choke point have skyrocketed in recent weeks. Six oil tankers and a US spy drone have been attacked since May either in, or near, the Strait of Hormuz, a strategically important waterway which separates Iran, Oman and the United Arab Emirates. As a shipping company and part of the global shipping industry, we are taking the threat to our crew and ships very seriously.

Meanwhile, Ardmore Shipping is a US-listed company based in Ireland, with a business of owning and operating a fleet of tankers that move refined oil products.

Source :

Posted By : Mohan Sharma on Thu, 11 Jul 2019
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