UANI

"Nippon Yusen K.K, the second-largest owner of VLCCs, won't carry Iranian oil if it means ships aren't insured, Yuji Isoda, an investor relations manager for the Tokyo company, said Feb. 9. The company doesn't yet know how its insurers will handle the EU sanctions, he said by phone." (Bloomberg, "Iran Sanctions Tighten as OSG to Frontline Halt Crude Cargo," 2/13/2012)