UK Bank StanChart Loses Bid to Cut Shareholders’ $1.9 Billion UK Lawsuit in Half March 25, 2025 Standard Chartered on Tuesday lost a bid to halve the value of a roughly 1.5 billion-pound ($1.94 billion) London lawsuit...
Zombie Tanker Turns Up at Northern Chinese Port Laden With Oil September 30, 2024 By Weilun Soon Singapore-flagged oil tanker EM Longevity made its final voyage almost three years ago, after more than two decades at sea....
Growing Shadow Fleet of Tankers, Shipping Sanctioned Oil, Are Burning Dirty Fuel May 29, 2024 By Jonathan Saul The growing shadow fleet of tankers transporting sanctioned Iranian, Venezuelan and Russian oil is filling up with the cheapest fuel...
Standard Chartered Faces £1.5 Billion UK Claim in Iran Sanction Case April 24, 2024 By Upmanyu Trivedi Standard Chartered Plc is facing about £1.5 billion ($1.9 billion) worth of investor claims at a London trial over allegations...
Treasury Asked Why US P&I Club Insures Ships Carrying Iran Oil March 18, 2024 By Zachary R. Mider and Zeke Faux A Republican congressman is asking the Treasury Department to explain its handling of a US insurance company that covered dozens...
The Oil Was From Iran. The Insurance Was From New York February 9, 2024 By Zachary Mider and Zeke Faux Last June, a rusting tanker named Sincere 02 picked up oil at an Iranian port and steamed across the Persian...
Shippers Warned to Stay Away From Iranian Waters as US-Iran Tensions Run High August 14, 2023 By Jon Gambrell Western-backed maritime forces in the Middle East on Saturday warned shippers traveling through the strategic Strait of Hormuz to stay...
Sweden’s Ericsson Sued by 37 Shareholders for $170M: Media Report August 7, 2023 Thirty-seven Ericsson shareholders are suing the Swedish telecoms company for a combined 1.8 billion Swedish crowns ($170 million), saying its...
Indonesia Seizes Iranian-Flagged Tanker Suspected of Illegal Oil Transfer July 11, 2023 By Stefanno Sulaiman and Fransiska Nangoy Indonesia’s coast guard said on Tuesday it seized an Iranian-flagged supertanker suspected of involvement in the illegal transshipment of crude...
Aging Shadow Fleet, Shipping Russian Oil, Poses Disaster Risk March 27, 2023 By Asad Zulfiqar The oil tanker Turba normally should have been melted down by now. The 26-year-old vessel hasn’t had a full inspection...