Gaute Sivertsen — newly elected head of the International Oil Pollution Compensation (IOPC) Funds — has warned that an increasing number of ships are sailing without adequate pollution cover because of a combination of sanctions and substandard insurers.
Norwegian Sivertsen highlighted the issue of inadequate coverage, mainly in the small tanker sector, as part of his recent election campaign to lead the organisation last year.
But his concerns have been heightened since sanctions against Russia have increased the risk of larger tankers sailing without insurance coverage.
