By Julian Lee (Bloomberg) — The first Russian oil tanker attempting to deliver crude while under US sanctions made a secret cargo transfer onto another ship, a sign of the lengths…
Russian sanctions
Russian Tanker Group Sovcomflot Expects Sanctions to Cut 2024 Revenues
ST PETERSBURG, June 7 (Reuters) – Russia’s leading tanker group Sovcomflot FLOT.MM said western sanctions and changing market conditions may cut its revenues this year, a rare admission from a major Russian business of the…
https://gcaptain.com/russian-tanker-group-sovcomflot-expects-sanctions-to-cut-2024-revenues/
Safety Dangers From Sanctioned Tanker Fleet Growing
ATHENS, June 6 (Reuters) – Safety dangers are growing from ageing and unregulated vessels, leading ship management firm V.Group told Reuters, adding it had stopped providing services to 30 tankers last year…
https://gcaptain.com/safety-dangers-from-sanctioned-tanker-fleet-growing/
Russia Oil Revenue Rise as Nation Adapts to Sanctions
(Bloomberg) — Russia’s oil proceeds to the state budget increased almost 50% in May from a year ago, as its crude prices rose and the nation adapted to international sanctions. …
https://gcaptain.com/russia-oil-revenue-rise-as-nation-adapts-to-sanctions/
Sanctioned Tankers Pose Rising Environmental Risk in Mediterranean
ATHENS, June 4 (Reuters) – Unregulated tankers sidestepping Western sanctions are posing a bigger risk to the Mediterranean region and Greece is undertaking more protective measures to safeguard its coast, the country’s shipping minister told Reuters…
https://gcaptain.com/sanctioned-tankers-pose-rising-environmental-risk-in-mediterranean/
Shadow Fleet Tankers Burning Dirty Fuel a Setback for Shipping’s Clean-Up Efforts
LONDON, May 29 (Reuters) – The growing shadow fleet of tankers transporting sanctioned Iranian, Venezuelan and Russian oil is filling up with the cheapest fuel available, hindering industry efforts to use cleaner fuel to…
U.S. Weighs Additional Sanctions on Russia-China Trade
WASHINGTON, May 28 (Reuters) – The United States and its partners are prepared to use sanctions and export controls to prevent China-Russia trade that threatens their security amid the ongoing Ukraine war,…
https://gcaptain.com/u-s-weighs-additional-sanctions-on-russia-china-trade/
What EU Sanctions on Russian LNG Would Mean for Global Gas
By Anna Shiryaevskaya and Ewa Krukowska (Bloomberg) — Since the start of Russia’s invasion of Ukraine, Europe and its allies have looked for ways to curb Moscow’s fossil fuel revenues without…
https://gcaptain.com/what-eu-sanctions-on-russian-lng-would-mean-for-global-gas/
EU Eyes Shipping, Violations in New Sanctions Package
By Philip Blenkinsop BRUSSELS, May 6 (Reuters) – The European Union would ban trans-shipment of Russian LNG, the use of EUports by vessels transporting goods contributing to Russia’s war effort and make…
https://gcaptain.com/eu-eyes-shipping-violations-in-new-sanctions-package/
How Western Sanctions Are Strangling Putin’s Arctic Gas Ambitions
By Stephen Stapczynski (Bloomberg) –Russia’s fortress economy has proved remarkably resilient to an onslaught of Western sanctions. Two years after the Kremlin’s invasion of Ukraine, it continues to fund a costly…
https://gcaptain.com/how-western-sanctions-are-strangling-putins-arctic-gas-ambitions/