5 days ago
Sanctioned Refiner Nayara Asks New Delhi for Shipping Help
EU-sanctioned refiner Nayara Energy, part-owned by Russian oil major Rosneft PJSC, has asked the Indian government for help securing vessels to transport products locally after domestic shipowners stopped working with the company, according to a senior government official.
Indian shipping companies pulled out of existing arrangements because protection and indemnity clubs refused to offer insurance coverage for their voyages, the person said, echoing comments made to Bloomberg News earlier. P&I clubs are dominated by Europe-headquartered entities that have to adhere to EU sanctions.
