{"id":650388,"date":"2025-10-29T08:51:53","date_gmt":"2025-10-29T03:21:53","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=650388"},"modified":"2025-10-29T09:41:26","modified_gmt":"2025-10-29T04:11:26","slug":"iran-russia-and-the-new-zealand-insurer-that-kept-their-sanctioned-oil-flowing","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/iran-russia-and-the-new-zealand-insurer-that-kept-their-sanctioned-oil-flowing\/","title":{"rendered":"Iran, Russia and the New Zealand insurer that kept their sanctioned oil flowing"},"content":{"rendered":"<p>Last Christmas, the tanker Yug cruised out of the Chinese port of Qingdao after offloading 2 million barrels of sanctioned Iranian oil. Near the Arctic, a vessel carrying Russian crude churned through icy seas, bound for India. Six thousand miles away, a third ship unloaded its cargo of Iranian oil off the coast of Malaysia.<\/p>\n<p>The three tankers had different owners, different operators and different clients. But they shared one thing: a small insurer headquartered in New Zealand, backstopped by some of the world&#8217;s biggest reinsurance firms.<\/p>\n<p>The company, Maritime Mutual, is run by 75-year-old Briton Paul Rankin and family members. For more than two decades, it has insured everything from tugboats to ferries and cargo ships.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last Christmas, the tanker Yug cruised out of the Chinese port of Qingdao after offloading 2 million barrels of sanctioned Iranian oil. Near the Arctic, a vessel carrying Russian crude churned through icy seas, bound for India. Six thousand miles away, a third ship unloaded its cargo of Iranian oil off the coast of Malaysia. The three tankers had different owners, different operators and different clients. But they shared one thing: a small insurer headquartered in New Zealand, backstopped by some of the world&#8217;s biggest reinsurance firms. The company, Maritime Mutual, is run by 75-year-old Briton Paul Rankin and family [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-650388","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/650388","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=650388"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/650388\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=650388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=650388"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=650388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}