April 25, 2025
Four new Russian companies have sought India’s approval to provide insurance for crude oil tankers docking at ports in the South Asian nation, according to people familiar with the matter. India’s shipping ministry is considering applications from Sberbank Insurance, which …
April 15, 2025
A German court will weigh a request to release a seized oil tanker that is believed to be part of a so-called shadow fleet used by Russia to circumvent oil sanctions, Germany’s finance ministry said on Monday. The Panama-flagged vessel, …
April 2, 2025
The insurance issued to dozens of aging oil tankers used by Russia to skirt international sanctions was bogus, according to Norwegian authorities now investigating the small firm behind the forged documents. Norway-registered Romarine AS purported to be an insurance provider …
March 21, 2025
Germany seized a decrepit tanker found adrift off its northern coast in January that is believed to be part of a shadow fleet used by Russia to circumvent oil sanctions, Spiegel news magazine reported on Friday, citing security sources. The …
March 14, 2025
Chinese state oil companies are shying away from Russian oil this month, with two importers halting purchases while two others scaled back volumes as they assess compliance following recent U.S. sanctions on Moscow, multiple trade sources said. Russian oil supplies …
February 20, 2025
At least four oil tankers have been hit with explosions so far this year — all of them having visited Russia’s territorial waters in the weeks prior to the blasts happening. Nobody has claimed responsibility for the incidents, three of …
February 13, 2025
Oil refiners in India — eager to keep importing cheap crude from Russia — are working with merchants, shippers and other middlemen to rebuild supply chains as tougher US sanctions come into effect. Speaking on the sidelines of India’s flagship …
February 11, 2025
An emergency response team in Russia’s Pacific port of Nevelsk is preparing to pump out fuel from a Chinese bulk carrier that ran aground over the weekend, according to regional authorities. “So far, weather conditions are preventing divers from inspecting …
February 7, 2025
Russia appears to be on the cusp of a debilitating oil-freight transportation problem because of US sanctions, writes Bloomberg oil strategist Julian Lee. On Jan. 10, the US Treasury sanctioned 161 oil tankers for their role in moving Russian oil. …
February 6, 2025
Denmark will ramp up inspections of ships transporting Russian oil through its narrow straits, in an effort to protect the environment and maritime safety from older vessels in Moscow’s shadow fleet. The Danish Maritime Authority will start conducting so-called Port …