Category: Russia
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US grants 30‑day waiver to let Russian crude already at sea be delivered to India
US grants 30‑day waiver to let Russian crude already at sea be delivered to India The US Treasury has issued a narrowly targeted, 30‑day sanctions waiver allowing Indian refiners to accept Russian‑origin crude and petroleum cargoes already loaded aboard tankers by way of helping fill the gap left by the ongoing war between Iran and…
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21 Russian Arctic LNG cargoes come to EU ports
21 Russian Arctic LNG cargoes come to EU ports After the latest sanctions package hit a wall in the form of Hungary’s opposition, research from Germany’s non-profit environmental research organization, Urgewald, shows that the February liquefied natural gas (LNG) export figures related to Russian Arctic LNG cargos, which flowed to the European Union (EU), spotlight…
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UK hits shadow fleet and LNG trades in fresh Russia sanctions push
UK hits shadow fleet and LNG trades in fresh Russia sanctions push The UK has rolled out its largest sanctions package against Russia since the early months of the war in Ukraine, with oil tankers and LNG shipping among the main targets as London looks to squeeze Moscow’s energy revenues. Nearly 300 entities have been…
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New Zealand unleashes its largest sanctions package aimed at Russian-linked shipping
New Zealand unleashes its largest sanctions package aimed at Russian-linked shipping New Zealand on Friday unveiled its largest sanctions package to date, targeting Russia-linked shipping, expanding measures to include 23 individuals, 13 entities and 100 vessels, and lowering the oil price cap for Russian-origin crude to $44.10 per barrel. The announcement comes as the European…
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Dark fleet expansion looms as EU seeks to cut maritime lifelines for Russian oil
Dark fleet expansion looms as EU seeks to cut maritime lifelines for Russian oil Russia’s shadow tanker fleet faces greater pressure, although it is forecast to rise in numbers, if the European Commission’s proposed a 20th sanctions package gets voted through later this month. Europe plans to scrap the crude oil price cap and replace…
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Explosion knocks out MSC boxship near St Petersburg
Explosion knocks out MSC boxship near St Petersburg An explosion and subsequent fire have hit the MSC-operated container ship MSC Giada III while the vessel was approaching St Petersburg in Russia’s Neva Bay, according to vessel tracking data and regional response activity. The 2,732 teu, Liberia-flagged ship was en route from Belgium to St Petersburg…
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French navy boards false-flagged Russian aframax
French navy boards false-flagged Russian aframax French naval forces boarded and diverted the aframax tanker Grinch in the western Mediterranean yesterday after president Emmanuel Macron ordered an interception of what he described as a “false‑flagged” sanctioned vessel carrying Russian crude. In a post on X, Macron stated the operation was conducted on the high seas…
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Damage reported following Russian strike on Chornomorsk
Damage reported following Russian strike on Chornomorsk Russian forces have conducted a ballistic missile strike on the port of Chornomorsk in Ukraine, impacting a Malta-flagged vessel preparing to load containers. The strike has left at least one crewmember injured and caused damage to the unidentified vessel. Ukrainian authorities have reported that yesterday’s strike not only…
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US seizes renamed Venezuela-linked VLCC after weeks-long chase
US seizes renamed Venezuela-linked VLCC after weeks-long chase The US forces have seized two Venezuela-linked tankers, one after a two-week chase, a name change, and reports of a Russian submarine nearby. One of the tankers seized by US authorities is the 2002-built VLCC Marinera, formerly known as the Bella 1. While still under its previous…
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Baltic cable probe widens as Latvia finds no link to inspected ship
Baltic cable probe widens as Latvia finds no link to inspected ship Latvia is pressing ahead with its investigation into the latest subsea cable cutting incident in the region, even after police said they have found no evidence linking a ship inspected in Liepaja to the damage. Latvian authorities said on Monday that an underwater…
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Kyiv takes drone war to Mediterranean shipping lanes
Kyiv takes drone war to Mediterranean shipping lanes Ukraine has carried out a long-range drone strike against a tanker linked to Russia’s so-called shadow fleet, marking its first confirmed attack this far from the Black Sea. The target was the Oman-flagged aframax tanker Qendil, which was hit in international waters of the Mediterranean Sea, more…
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Swedish navy flags armed guards aboard Russian shadow tankers
Swedish navy flags armed guards aboard Russian shadow tankers Sweden’s navy has confirmed that Russia is mounting a military-style operation in the Baltic Sea to protect its sanctioned shadow fleet, with uniformed and potentially armed personnel observed aboard some oil tankers used to evade Western sanctions on Russian crude exports. According to Sweden’s naval operations…
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EU and Ukraine tighten the net on Russia’s shadow fleet
EU and Ukraine tighten the net on Russia’s shadow fleet The European Union and Ukraine have escalated their campaign against Russia’s shadow fleet, rolling out fresh sanctions targeting both vessels and the facilitators accused of keeping Moscow’s oil exports moving despite international restrictions. On Monday, the EU sanctioned five businessmen linked to Russian state-owned oil…
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Black Sea shipping carnage deepens as Turkish vessels hit in Russian retaliation
Black Sea shipping carnage deepens as Turkish vessels hit in Russian retaliation The risks facing commercial shipping in the Black Sea escalated sharply over the weekend after two Turkish-controlled vessels were struck amid a wave of Russian attacks on Ukrainian port infrastructure, following Kyiv’s recent strikes on Russian-linked shipping and energy assets. On Friday, Cenk…
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FSB clearance and underwater checks slow Russian port calls
FSB clearance and underwater checks slow Russian port calls To add to the complications brought about by Ukraine’s renewed maritime attack campaign in and around the Black Sea, shipowners and charterers planning to call at Russian ports should brace for delays and heavy regulatory friction after Moscow introduced sweeping new entry rules for foreign vessels,…
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Black Sea war risk premiums surge
Black Sea war risk premiums surge Insurance rates for ships trading in the Black Sea have jumped sharply following a fresh wave of attacks on vessels linked to Russia. Citing data from Marsh, the world’s largest insurance broker, Bloomberg reported yesterday the cost of covering port calls in the region has more than tripled in…
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Kremlin threatens wider retaliation as Black Sea security deteriorates
Kremlin threatens wider retaliation as Black Sea security deteriorates Security in the Black Sea and surrounding waters has taken an ominous turn following a spike in attacks on Russian-linked shipping and fresh threats from the Kremlin, raising alarm and insurance rates. Vladimir Putin has warned that Moscow may expand military action against commercial tonnage if…
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A new blast zone emerges for Russia-linked tankers
A new blast zone emerges for Russia-linked tankers A Russian-flagged tanker sailing from Russia to Georgia loaded with sunflower oil reported that it was attacked off the Turkish coast but its 13 crewmembers were unharmed, Turkey’s maritime authority said on Tuesday, likely the latest incident in a renewed, sprawling campaign being carried out by the…
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Black Sea blasts set sanctioned tankers ablaze off Turkish coast
Black Sea blasts set sanctioned tankers ablaze off Turkish coast Two tankers linked to Russia’s shadow fleet were hit by blasts and caught fire in the Black Sea on Friday, prompting a major rescue response from Turkish authorities. All crewmembers from both ships are reported safe. The 150,000 dwt 2002-built suezmax Kairos was the first…
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Russia mounts comeback bid for IMO’s top table
Russia mounts comeback bid for IMO’s top table Russia will find out today whether it has secured a return to shipping’s regulatory inner circle — or whether the political freeze is set to continue. Russia is attempting to claw its way back into the International Maritime Organization’s top decision-making body, setting up one of the…
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Black Sea threat level red
Black Sea threat level red The Black Sea has entered one of its most volatile phases as Ukraine and Russia escalate long-range strikes on each other’s critical energy and port infrastructure, leaving commercial shipping exposed to huge levels of risk. Over the weekend, Ukraine claimed fresh hits on Rosneft’s Ryazan refinery — one of Russia’s…
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Ukrainian drones hit Novorossiysk as strikes on Russian Black Sea ports intensify
Ukrainian drones hit Novorossiysk as strikes on Russian Black Sea ports intensify Ukrainian forces mounted a large drone strike on Novorossiysk early Friday, damaging a ship in port, hitting apartment blocks, and igniting a blaze at one of Russia’s most important oil terminals in the Black Sea – the latest in a growing series of…
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Sanctions spur surge in Russian oil languishing at sea
Sanctions spur surge in Russian oil languishing at sea The amount of oil stranded on tankers worldwide has ballooned in recent months, with Russian barrels making up an outsized share of the floating glut as sanctions upend traditional trade flows. Analysts at Vortexa, Kpler and OilX estimate that roughly 1bn barrels are now sitting at…
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China and India step back from Russian oil under US pressure
China and India step back from Russian oil under US pressure The oil markets are in flux today as tanker trades retrench and Russia’s two largest buyers of oil pause buying the fuel that has helped fund Moscow’s war in Ukraine for the past three and a half years. News has emerged in the past…
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Splash Wrap: Sanctions, shadow fleets, and shifting tides
Splash Wrap: Sanctions, shadow fleets, and shifting tides US president Donald Trump unveiled sweeping sanctions on Russia’s top oil producers, Rosneft and Lukoil, this week in his most extensive energy crackdown since returning to office. Aimed at forcing Moscow toward peace talks, the measures cut the companies off from US banking and dollar systems. The…
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Trump’s Russian oil sanctions set to redraw global tanker trading map
Trump’s Russian oil sanctions set to redraw global tanker trading map US president Donald Trump has imposed sweeping new sanctions on Russia’s two biggest oil producers, Rosneft and Lukoil, in what he described as “tremendous sanctions” aimed at forcing Moscow to the negotiating table over its war in Ukraine. The sanctions have the potential to…
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Sanctions list swells, momentum fades
Sanctions list swells, momentum fades Over the past five years, the number of sanctioned vessels has expanded steadily, rising from around 350 in September 2020 to roughly 1,700 by September 2025, according to analysis from maritime analytics firm Kpler. The overlap between various administrations sanctioning ships is also finally starting to grow with greater coordination…
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Shadow tanker accused of being Europe’s drone mothership
Shadow tanker accused of being Europe’s drone mothership The Boracay, an 18-year-old Russian-linked tanker seized by French commandos off Brest this week, has been placed at the scene of up to nine drone incidents across northern Europe, according to a Daily Telegraph analysis of AIS tracking. The newspaper reports the vessel was within striking distance…
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Splash Wrap: From tankers to tech
Splash Wrap: From tankers to tech Unquestionably, the big news this week came from Singapore, where BW-controlled Hafnia made a move for rival product tanker giant Torm. Hafnia is acquiring a 14.45% holding in its Danish rival from Oaktree Capital Management in a deal worth about $311.4m leading many analysts to speculate whether this is…
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Tanker hit in Russian drone strike on Izmail port
Tanker hit in Russian drone strike on Izmail port A Panama-flagged chemical/oil products tanker has reportedly been severely damaged in Russian drone strike at the port of Izmail, Ukraine. The 7,842 dwt Excellion was moored at the eastern pier of the Izmail Oil Transshipment Complex during the early hours of August 20 when a series…
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Ukraine targets Caspian port in strike on Russian drone supply chain
Ukraine targets Caspian port in strike on Russian drone supply chain Ukraine’s Special Operations Forces have struck the Russian port of Olya in the Astrakhan region, destroying a vessel loaded with components for Iranian-made Shahed drones and ammunition. The attack, carried out on August 14 in coordination with other elements of Ukraine’s Defense Forces, hit…
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Sea Legend launches China–Europe Arctic container service
Sea Legend launches China–Europe Arctic container service Niche Chinese liner Sea Legend Shipping is set to launch a direct container service between China and northern Europe via the Northern Sea Route (NSR). The new seasonal service, expected to begin in September, will offer an 18-day transit between East Asia and Europe—nearly halving the 30 to…
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Russia temporarily halts Black Sea oil loadings amid sweeping port security crackdown
Russia temporarily halts Black Sea oil loadings amid sweeping port security crackdown Reuters reported yesterday that Russia has imposed a sudden halt on foreign oil tanker loadings at its key Black Sea export hubs, citing a new port security decree that requires Federal Security Service (FSB) clearance for all foreign vessels — a move poised…
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Putin orders FSB to vet all foreign ships entering Russian ports
Putin orders FSB to vet all foreign ships entering Russian ports Russia has tightened access to its seaports, with president Vladimir Putin signing a decree on Monday mandating that all vessels arriving from foreign ports must now obtain prior approval from the country’s Federal Security Service (FSB). The executive order, which takes effect immediately, marks…
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Moscow orders ship hull sweeps after surge in mystery blasts
Moscow orders ship hull sweeps after surge in mystery blasts Russia’s state-run port operator FSUE Rosmorport has announced a RUB 3.16 billion ($39.5m) tender to inspect the underwater sections of vessels at key Baltic Sea ports amid mounting concerns over maritime sabotage. The sweeping safety initiative follows a string of mysterious explosions on merchant ships,…
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Trump threatens secondary sanctions in 50-day ultimatum to Putin
Trump threatens secondary sanctions in 50-day ultimatum to Putin US president Donald Trump on Monday announced a sweeping threat to impose secondary sanctions on nations importing Russian exports — a move that could shake up global energy markets and disrupt tanker trades from the Black Sea to the Indian Ocean. Sitting beside NATO secretary-general Mark…
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German push against Russian shadow fleet begins with tanker insurance checks
German push against Russian shadow fleet begins with tanker insurance checks In a new enforcement effort that started on July 1, German authorities have begun […] The post German push against Russian shadow fleet begins with tanker insurance checks appeared first on Offshore Energy. Sara Kosmajac Go to offshore energy biz
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Australia places sanctions on 60 Russian tankers
Australia places sanctions on 60 Russian tankers The government of Australia has imposed targeted sanctions on 60 vessels linked to Russia’s so-called shadow fleet used to circumvent restrictions on oil and gas exports. This move marks the first time Australia has imposed sanctions against the shadow fleet. The vessels within the fleet are operating using…
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Oil spill detected from Tuesday’s tanker collision in the Gulf of Oman
Oil spill detected from Tuesday’s tanker collision in the Gulf of Oman An oil spill is growing rapidly in the Gulf of Oman after Tuesday’s spectacular collision between a Frontline VLCC and a suezmax belonging to Russia’s shadow fleet. The accident occurred at 1:14 am Dubai time on Wednesday between two tankers, the 23-year-old Adalynn…
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Russian-linked tanker crew accused in Finland-Estonia undersea cable sabotage probe
Russian-linked tanker crew accused in Finland-Estonia undersea cable sabotage probe Finnish authorities have formally accused senior officers aboard the Eagle S, an oil tanker linked to Russia’s shadow fleet, of criminal misconduct following significant damage to vital undersea infrastructure between Finland and Estonia late last year. The incident, which took place on December 25, 2024,…
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EU pushes for $45 Russian oil price cap and expands crackdown on shadow fleet
EU pushes for $45 Russian oil price cap and expands crackdown on shadow fleet The European Union has proposed a fresh round of sanctions against Russia, including those targeting more than 70 ships in the so-called shadow fleet and lowering the price cap on Russian seaborne oil. The latest proposal, unveiled on Tuesday by European…
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Sweden moves to widen dragnet on Russia’s shadow fleet
Sweden moves to widen dragnet on Russia’s shadow fleet The Swedish government has decided to draw the net tighter around vessels sailing under […] The post Sweden moves to widen dragnet on Russia’s shadow fleet appeared first on Offshore Energy. Sara Kosmajac Go to offshore energy biz
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The floating dead: oversight lags behind the rise of zombie vessels
The floating dead: oversight lags behind the rise of zombie vessels Maritime identity laundering and the rise of so-called zombie vessels have evolved from a niche tactic into a “systemic enabler of large-scale sanctions evasion” with global authorities unable to keep up, according to a new report from Kpler, a maritime analytics platform. “Zombie vessels…
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EU targets 189 additional ships in ‘largest’ single G7 action against Russia’s shadow fleet
EU targets 189 additional ships in ‘largest’ single G7 action against Russia’s shadow fleet The European Council has adopted the 17th Russia sanctions package including almost 200 shadow fleet vessels and a Russian oil giant. The post EU targets 189 additional ships in ‘largest’ single G7 action against Russia’s shadow fleet appeared first on Offshore…
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EU sanctions target nearly 200 Russia-linked ships
EU sanctions target nearly 200 Russia-linked ships European Union countries have agreed to impose a new raft of sanctions against Russia, including those targeting nearly 200 ships in the so-called shadow fleet used to circumvent restrictions on oil and gas exports. The new round of sanctions, set to be adopted next week, comes as Moscow…
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Russia readies billions for domestic fleet buildout
Russia readies billions for domestic fleet buildout Russia is stepping up the development and renewal of its fleet with plans to add more than 1,600 domestically built ships by 2036. Russian prime minister Mikhail Mishustin said that more than RUB500bn ($6.2bn) in federal funding will be spent over the next six years to support shipbuilders,…
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Russia to pump over $6B into shipbuilding as part of big plan to revitalize its maritime industry
Russia to pump over $6B into shipbuilding as part of big plan to revitalize its maritime industry The Russian government has unveiled a massive plan to build hundreds of new ‘civilian’ vessels by 2050, upgrade its shipbuilding capability, and increase the workforce in the maritime domain. The post Russia to pump over $6B into shipbuilding…
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UK readies sanctions on another 100 Russian-linked tankers
UK readies sanctions on another 100 Russian-linked tankers The UK is set to impose a new wave of sanctions against the Russian oil trade, targeting up to 100 more ships. The biggest sanctions package against Russia’s shadow fleet should bring the total number of oil tankers blacklisted by the UK to more than 230. Announcing…
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All ships passing through European waters must now provide proof of insurance
All ships passing through European waters must now provide proof of insurance The European Commission has adopted another key measure to crackdown on the so-called shadow fleet passing through its waters. The amendment to the Vessel Monitoring Directive now requires all vessels, including those merely passing through European Union waters without entering an EU port,…
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Russian line founded with focus on West Africa
Russian line founded with focus on West Africa The former chairman of FESCO has formed a shipping line to provide links between West Africa and Russia. Andrei Severilov, who founded JSC A7 Holding last year, has just debuted A7 African Cargo Lines with a first link set to be established between Novorossiysk and Nigeria’s port…
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North Korean iron ore shipments spark sanctions
North Korean iron ore shipments spark sanctions The government of South Korea has imposed sanctions on a non-flagged vessel the country seized for illegally transporting iron ore produced in North Korea. Sanctions were also imposed on two Chinese nationals, Sun Zhengzhe and Sun Feng, who operated the ship and Russian company LLC Consul DV, which…
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Reversal of EU’s energy playbook on Russian oil barrels cannot be ruled out, MSI warns
Reversal of EU’s energy playbook on Russian oil barrels cannot be ruled out, MSI warns MSI has contemplated the possibility of a shift in energy policy within the European Union (EU), where the EU changes its mind about the ban on Russian fossil fuels and decides to take a page out of U.S. President Donald…
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US targets Russian interests moving stolen Ukrainian grain to fund the Houthis
US targets Russian interests moving stolen Ukrainian grain to fund the Houthis The Trump administration has targeted Russian interests over grain theft from Ukraine used to support funding for the Houthis in Yemen. The US Office of Foreign Assets Control (OFAC) yesterday added additional persons and companies to its sanction list as these were identified…
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Russian strikes kill four crew in Odesa
Russian strikes kill four crew in Odesa Barbados-flagged bulk carrier MJ Pinar was hit by Russian missiles at the port of Odesa yesterday evening with four crew killed, and another injured. The dead crew hailed from Syria and Ukraine. The handysize vessel was loading a cargo of wheat when it was struck with images showing…
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The thousand faces ship: how Chinese vessels change names mid-voyage
The thousand faces ship: how Chinese vessels change names mid-voyage The latest ship accused of damaging cables off Taiwan had a simple way of changing identity. Taiwan’s coast guard detained a cargo ship and its Chinese crew a week ago. The vessel is suspected of damaging the cable connecting Taiwan to its outlying Penghu Islands. …
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Russia hits two ships at the port of Odesa
Russia hits two ships at the port of Odesa Russia targeted a containership over the weekend it claimed to be carrying weapons to Ukraine. The attack on the Mediterranean Shipping Co (MSC) ship at the port of Odesa also hit a nearby Sierra Leone-flagged bulk carrier in collateral damage. The 1,118 teu MSC Levante F…
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UK blacklists 40 shadow fleet ships
UK blacklists 40 shadow fleet ships The UK is imposing a new wave of sanctions against the Russian oil trade, targeting an additional 40 ships. The biggest sanctions package against Russia’s shadow fleet brings the total number of oil tankers sanctioned by the UK to 133—more than any other European nation. Publishing details of the…
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Russian ship in trouble with hull breach
Russian ship in trouble with hull breach A Russian Panama-flagged cargo ship carrying 3,000 tons of corn is in trouble the Sea of Azov after suffering a hull breach near the port of Azov in Russia’s Rostov region, according to local media. The 46-year-old vessel, Pavlo Grabovskiy, departed from Rostov en route to Samsun in…
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More than 70 ships set to be added to EU sanctions list
More than 70 ships set to be added to EU sanctions list European Union countries have agreed to impose a new raft of sanctions against Russia, including those targeting the so-called shadow fleet used to circumvent restrictions on oil and gas exports. The wide-ranging 16th package of sanctions is expected to see more than 70…
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Russian-linked ship-to-ship transfers spike in wake of US sanctions
Russian-linked ship-to-ship transfers spike in wake of US sanctions Ship-to-ship transfers of Russian-linked oil have spiked dramatically this month in the wake of America’s largest sanctions package aimed at Russia’s shadow fleet. Data from maritime risk analytics firm Windward shows there has been a 366% increase in Russian-related ship-to-ship transfers of crude and products in…
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Sweden seizes ship suspected of being behind latest Baltic cable outage
Sweden seizes ship suspected of being behind latest Baltic cable outage The Swedish Prosecution Authority has seized a ship suspected of damaging un underwater fiber optic cable linking Latvia and the Swedish island of Gotland yesterday, the latest in a series of undersea sabotage attacks plaguing the Baltic region. The ship in question this time…
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Laden Russian tanker loses power in stormy Bay of Biscay
Laden Russian tanker loses power in stormy Bay of Biscay A laden Russian-flagged tanker has broken down in the stormy Bay of Biscay off France. The Unity, a 16-year-old aframax, departed Primorsk on January 16 with Russian oil bound for Mangalore in India. The ship ran into difficulties overnight off the west coast of France.…
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Audit finds more than 80% of sanctioned ships have no confirmed insurance
Audit finds more than 80% of sanctioned ships have no confirmed insurance The number of vessels hit by sanctions has surpassed 1,000 with data from S&P Global Market Intelligence showing that more 800 of these ships do not have confirmed insurance. Moreover, the average age of sanctioned ships – 21 years – is some eight…
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Major Chinese port group bans tankers on OFAC’s sanctions list
Major Chinese port group bans tankers on OFAC’s sanctions list Shandong Port Group has banned any tanker sanctioned by the US from calling at its ports. The group oversees major ports on China’s northeast coast including Qingdao, Rizhao and Yantai, which are among the biggest destinations for sanctioned oil from Russia, Iran and Venezuela. Reuters…
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Estlink 2 damage not considered an accident, Estonia’s minister says as navy protects sister link
Estlink 2 damage not considered an accident, Estonia’s minister says as navy protects sister link Estonia’s Defense Forces launched a naval operation early today to protect the Estlink 1 […] The post Estlink 2 damage not considered an accident, Estonia’s minister says as navy protects sister link appeared first on Offshore Energy. Nadja Skopljak Go…
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Finland detains Russia-linked tanker after latest Baltic Sea cables incident
Finland detains Russia-linked tanker after latest Baltic Sea cables incident Finnish authorities have detained a tanker suspected of being involved in the damage of a subsea power cable connecting Finland and Estonia and disruptions of several data cables. The police and border guard boarded the Cook Islands-flagged LR1 tanker Eagle S carrying oil from Russia…
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Insurance checks instituted for Russian shadow fleet passing through the Baltic
Insurance checks instituted for Russian shadow fleet passing through the Baltic A number of European nations have followed the lead taken by the UK in demanding insurance details from Russian-linked ships passing through their waters, something that is expected to put pressure on Russia’s exports through the Baltic. The UK started this crackdown in October,…
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Russian ‘shadow fleet’ tanker sinks, another runs aground in Kerch Strait
Russian ‘shadow fleet’ tanker sinks, another runs aground in Kerch Strait Two tankers linked to the so-called Russian ‘shadow fleet’ encountered a storm near the Kerch Strait and were heavily damaged. As a result, one of the vessels split into two and sank while the other one ran aground. The post Russian ‘shadow fleet’ tanker…
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EU sanctions another 50 Russia-linked ships
EU sanctions another 50 Russia-linked ships The European Union has unveiled its latest package of sanctions against Russia, with around 50 ships from the shadow fleet targeted. EU foreign ministers are expected to formally adopt the sanctions package on Monday. Further sanctions are expected in the new year when Poland takes over the presidency of…