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home / news releases / OMVJF - Big shipping insurers stop covering ships linked to Nord Stream 2

OMVJF - Big shipping insurers stop covering ships linked to Nord Stream 2

OMV Aktiengesellschaft
The world's largest group of shipping insurers will not insure vessels involved in the Gazprom-led (OGZPY) Nord Stream 2 and TurkStream gas pipeline projects because of the threat of U.S. sanctions.Associations belonging to the International Group of P&I Clubs, including the Shipowners Club and the London P&I Club, say they will not provide cover "for any activity involving or related to the Nord Stream 2 or TurkStream construction projects."Gazprom's Nord Stream 2 partners are Royal Dutch Shell ([[RDS.A]], [[RDS.B]]), Germany's Uniper (UNPPY) and BASF (BASFY), Austria's OMV (OMVJF) and France's Engie (ENGIY).German Chancellor Merkel is being pressured by calls to halt Nord Stream 2 in response to the suspected poisoning of Russian opposition politician Alexei Navalny in Siberia last month.

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Big shipping insurers stop covering ships linked to Nord Stream 2
Stock Information
Company Name: OMV Aktiengesellschaft
Stock Symbol: OMVJF
Market: OTC
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