July 22, 2024
A collision that set two vessels ablaze off Singapore has underlined the growing risks in the crowded Straits of Malacca, as the dark fleet expands and lackluster Chinese demand leaves dozens of the tankers idling. The Ceres I, a 23-year-old …
July 15, 2024
The UK plans to launch a “call to action” this week with a group of European nations to target the so-called shadow fleet of oil tankers that Russia uses to skirt international sanctions, according to people familiar with the matter …
June 28, 2024
In the months that followed its invasion of Ukraine and punitive Western restrictions imposed in response, Russia amassed a shadow fleet to ferry its oil around the world. Now there is growing evidence Moscow has begun to do the same …
June 27, 2024
Sanctions on shipping companies are undermining safety at sea and pose dangers for trade as ship standards are impacted, the chief executive of sanctioned Russian shipping group Sovcomflot said. The European Union imposed sanctions on Russia’s state-owned and top tanker …
June 25, 2024
The European Union will add 27 vessels, including oil and liquefied natural gas tankers, to its list of entities under sanctions as part of its latest measures against Russia, two sources familiar with the matter said on Monday. EU countries …
June 18, 2024
The world’s largest shipping register withdrew its approval for Russia’s Ingosstrakh Insurance Co. to provide a key document enabling ships to enter ports. The Liberian Register — under whose flag 16% of the world’s ships by capacity sail — said …
June 17, 2024
Denmark is considering ways to stop a so-called shadow fleet of tankers from carrying Russian oil through the Baltic Sea, the Nordic country said on Monday, triggering a sharp response from Moscow’s diplomats who said any such move would be …
June 17, 2024
Russia’s Ingosstrakh said on Friday it may challenge UK sanctions in court and was seeking clarification about the measures imposed on the country’s leading insurer that the British government announced on Thursday. Ingosstrakh, which provides services to Russian oil exporters …
June 13, 2024
The UK announced wide-ranging sanctions on Russia, including a first attempt to clamp down on a shadow-fleet of tankers transporting the Kremlin’s oil and a key Moscow-based insurance company.The measures target four oil tankers out of a fleet of hundreds …
June 10, 2024
The first Russian oil tanker attempting to deliver crude while under US sanctions made a secret cargo transfer onto another ship, a sign of the lengths to which Moscow is going to undermine the effectiveness of American restrictions on its …