Andreas Bisbas, director of Tsakos Shipping (London), has hit out at Lloyd’s of London underwriters for pulling marine insurance cover from one of the company’s ships following the outbreak of the Ukraine-Russia conflict.

Speaking at the Marine Risk Forum, organised by Maritime London, the head of insurance at Tsakos Shipping said that he believed the action demonstrated Lloyd’s of London insurance cover is “no longer sacrosanct, which is a travesty”.