Russia-linked oil and fuel cargoes trying to get to US to unload before ban kicks in

At least 10 vessels currently carrying Russia-linked cargoes of crude and refined products were approaching the US on Wednesday March 16th, reported Reuters, citing data from traders and Refinitiv Eikon. Suppliers were trying to make delivery (and get the cargo unloaded) before the US government’s...

https://insurancemarinenews.com/insurance-marine-news/russia-linked-oil-and-fuel-cargoes-trying-to-get-to-us-to-unload-before-ban-kicks-in/

Vessels carrying Russian oil having difficulties finding ports

Crude oil tanker Elli (IMO 9412452), which loaded a cargo of Russian port call om Novorossyisk, bound for the US, changed direction and on March 14th was sailing towards the Spanish enclave of Ceuta, North Africa. US President Biden last week imposed an immediate ban on Russian oil and other energy...

https://insurancemarinenews.com/insurance-marine-news/vessels-carrying-russian-oil-having-difficulties-finding-ports/

Some oil traders go underneath the radar to buy Russian crude

The market has its own forces, and the steep discounts available for anyone willing to buy Russian crude was always likely to attract traders with the ability to make their purchases away from the public eye. As Shell found out to its cost a couple of weeks ago, the excuse that it wanted to keep…

The...

https://insurancemarinenews.com/insurance-marine-news/some-oil-traders-go-underneath-the-radar-to-buy-russian-crude/

USCG reports another fire in misdeclared box of scrapped batteries

The US Coast Guard has reported another fire in a misdeclared container of scrapped batteries. As a result he USCG has placed all containers from the consignment’s shipper on hold until they are proven safe. During the evening of March 4th USCG Sector Los Angeles-Long Beach received a report of a...

https://insurancemarinenews.com/insurance-marine-news/uscg-reports-another-fire-in-misdeclared-box-of-scrapped-batteries/

Russian ship seeks transfer of cargo at another port after being banned from Canada

There is a long history of sanctioned nations deploying ship-to-ship transfers of oil in order to conceal its origin from places such as Iran or Venezuela. This tactic has seen a new twist with at least one vessel banned from Canada ports now expected to transfer the cargo to a ship of a different...

https://insurancemarinenews.com/insurance-marine-news/russian-ship-seeks-transfer-of-cargo-at-another-port-after-being-banned-from-canada/

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon