The West of England P&I Club has removed insurance cover from at least two ships controlled by Russia’s Fesco Transportation Group that were listed under US sanctions.
The decision is likely to signal the start of the protection and indemnity clubs removing cover from Russia-linked vessels hit by the latest round of international sanctions.
The two ships are the 822-teu Fesco Magadan and Fesco Moneron (both built 2003), which were listed for their connection to Russian finance house PSB Leasing.
