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Shadow-Fleet Oil Tanker That Crashed Had Void Western Insurance

April 29, 2024

A shadow-fleet oil tanker that crashed in Denmark’s vital straits produced a set of insurance documents that weren’t valid, a stark example of how there’s little clarity about who would pay the bill if such a ship had a major disaster.

The Andromeda Star, an 820-foot vessel capable of transporting about 730,000 barrels of oil, was involved in a collision with a small Bulgarian freighter called the Peace at the start of March. The tanker had previously collected oil from Russia — whose exports are sanctioned — and did so again after it had undergone repairs in Denmark.

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