Highlights Freight for clean tankers ex-Black Sea at record highs UK likely to follow EU in insurance ban on vessels carrying Russian oil Russian crude exports largely resilient, product exports start to dip Some shipping sources are not convinced an EU insurance ban will prevent shipowners from seeking Russian barrels as alternative insurance providers from further afield remain an option, they said June 15. Tanker owners are also capitalizing on sky-high freight rates for journeys out of Russia as this oil is still finding homes despite a barrage of Western sanctions. The influential London marine insurance market is also likely to join the EU in an insurance boycott, which would make it even tougher for Russian tankers and tankers carrying Russian oil to travel to various destinations. However, Moscow’s oil exports continue apace and providers […]