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Category: ukraine

  • 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…

  • 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…

  • 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…

  • 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…

  • 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…

  • 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…

  • 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…

  • 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…

  • 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…

  • 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…

  • 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…

  • 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…

  • 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…

  • Op-Ed: Alternative lenders will ignite shipping’s growth

    Op-Ed: Alternative lenders will ignite shipping’s growth By Tobias Backer, executive director, Pelagic Capital The introduction of protectionist policies by the new U.S. administration has reignited uncertainty across the global economy. The International Monetary Fund’s (IMF) World Economic Outlook suggests that every major economy will be impacted by the newly introduced tariffs, resulting in a…

  • 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…

  • HHLA buys majority stake in Ukrainian intermodal terminal

    HHLA buys majority stake in Ukrainian intermodal terminal Hamburger Hafen und Logistik AG (HHLA) has decided to invest in another terminal in Ukraine. The company is acquiring 60% of the shares in the Eurobridge Intermodal Terminal in Batiovo in western Ukraine. HHLA sees Ukraine as a hub for continental container transport and is simultaneously strengthening…

  • MSC invests in Ukrainian inland logistics

    MSC invests in Ukrainian inland logistics Swiss-based Medlog, a growing inland cargo business of the world’s largest liner, Mediterranean Shipping Co (MSC), has made its entry into Ukrainian logistics. Local media report Medlog has bought 50% of the Ukrainian intermodal logistics operator N’UNIT (New Ukrainian Network of Intermodal Terminals) and a 25% stake in the…

  • 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…

  • 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…

  • 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…

  • 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…

  • 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…

  • 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…

  • Ukraine welcomes first US LNG cargo

    Ukraine welcomes first US LNG cargo Ukraine’s DTEK Group has taken delivery of its first liquefied natural gas (LNG) shipment from the United States which is expected to bolster the country’s energy security. The post Ukraine welcomes first US LNG cargo appeared first on Offshore Energy. Dragana Nikše Go to offshore energy biz