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Insurance Rates Have Increased 10 Fold – Ardmore Shipping CEO

Logistic News - Published on Thu, 11 Jul 2019

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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.

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Posted By : Mohan Sharma on Thu, 11 Jul 2019
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