Company

Nova Tankers

Trade risk

Denmark.

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Summary

"Nova Tankers, the Copenhagen-based operator of a pool of ships including vessels owned by Mitsui O.S.K. Lines Ltd., won’t load Iranian crude because of European sanctions, Managing Director Morten Pilnov said by phone from Singapore on Feb. 9. The pool will have about 50 vessels by the end of this year, according to data on its website." (Businesswire, "Iran Sanctions Tighten as OSG to Frontline halt crude cargo") (http://www.businessweek.com/news/2012-02-16/iran-sanctions-tighten-as-osg-to-frontline-halt-crude-cargo.html)

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