Russia Oil Fleet Shifts Away From Liberia, Marshall Island Flags as Sanctions Ramp Up March 6, 2024 By Jonathan Saul and Timothy Gardner Dozens of oil tankers used by Russia have stopped sailing under the Liberian and Marshall Islands flags in recent weeks...
Russia’s Arctic Shipping Dream Stumbles on Small Aging Fleet June 28, 2023 By Bloomberg News Russia will struggle to meet its strategic goal of more than quadrupling Arctic sea shipments by the end of the...
Western Curbs on Russian Oil Products Redraw Global Energy Shipping Patterns April 6, 2023 By Mohi Narayan and Jonathan Saul Global fuel suppliers are turning to longer and costlier routes that produce more carbon emissions to move their diesel and...
Russia Still Uses Western Insurance for Half of Tanker Fleet That Exports Its Oil March 30, 2023 By Bloomberg News Russia still relies on Western insurers to cover more than half of the tanker fleet that exports its oil, according...
Russian Oil Is Being Stored in Ghana as Pool of Buyers Shrinks February 27, 2023 By Ekow Dontoh, Sherry Su and Lucia Kassai A cargo of Russian oil is heading for storage tanks in Ghana, a nation that exports crude itself and is...
G-7 Eyes Cap on Price of Russian Oil via Insurance, Shipping Restrictions June 27, 2022 By Chiara Albanese, Samy Adghirni and Alberto Nardelli Group of Seven nations are discussing a cap on the price of Russian oil that would work by imposing restrictions...
Sovcomflot’s Cargo Ships Fully Covered by Russian Insurers: CEO June 20, 2022 Russia’s state-run Sovcomflot has insured all its cargo ships with Russian insurers and the cover meets international rules, the chief...
Russia’s Sakhalin 1 Oil Operations Disrupted by Western Sanctions on Insurance: ONGC June 14, 2022 By Nidhi Verma and Aftab Ahmed Operations at Russia’s Sakhalin 1 oil project will continue to face disruptions for “a couple of months” as Western sanctions...
Reuters: Russia’s State-Owned RNRC to Reinsure Russian Oil Shipments: Sources June 10, 2022 By Jonathan Saul State-controlled Russian National Reinsurance Company (RNRC) is now the main reinsurer of Russian ships, including Sovcomflot’s fleet, after Western insurance...
Insurance Ban on Russian Tankers Could Help Cut Moscow’s Energy Revenues: Yellen June 10, 2022 By Christopher Condon U.S. Treasury Secretary Janet Yellen said a plan to ban European and UK firms from insuring tanker shipments of Russian...