In a twist that has left Western policymakers scratching their heads, Russia’s economy has defied expectations and sanctions alike, growing at a rate that outpaces both the United States and…
Russia’s Shadow Tanker Fleet
Inside the Shadowy Insurance Market Covering Russia’s Oil Tankers
By Alex Longley, Patrick Sykes and Alberto Nardelli (Bloomberg) — One of the energy market’s open questions since Russia’s invasion of Ukraine has been who’s insuring the tankers moving Moscow’s petroleum…
https://gcaptain.com/inside-the-shadowy-insurance-market-covering-russias-oil-tankers/
Price Cap Coalition Cracks Down on Sanctions-Busting: New Advisory Takes Aim at Russia’s ‘Shadow Fleet’
The Price Cap Coalition has released an updated advisory aimed at curbing illicit practices and enhancing safety in the oil shipping industry. The coalition, comprising G7 nations, the European Union,…
UK Cracking Down on ‘Dubious’ Oil Tankers in the English Channel
The UK government has announced stringent measures targeting the so-called “shadow fleet” of oil tankers operating with questionable insurance. The move comes as part of broader efforts to enforce sanctions…
https://gcaptain.com/uk-cracking-down-on-dubious-oil-tankers-in-the-english-channel/
UK Tightens the Noose on Russia’s Shadow Fleet with Sweeping Sanctions
In a major escalation of its sanctions against Russia’s covert seaborne oil exports, the United Kingdom today announced its most significant package to date targeting Putin’s shadow fleet of oil…
https://gcaptain.com/uk-tightens-the-noose-on-russias-shadow-fleet-with-sweeping-sanctions/
Russia’s Sovcomflot Says G7 Sanctions Make Oil Trade Less Safe
By Bloomberg News (Bloomberg) — Russia’s state-run oil tanker company Sovcomflot PJSC said that western sanctions on ships moving the nation’s petroleum oil are only serving to heighten environmental risks by…
https://gcaptain.com/russias-sovcomflot-says-g7-sanctions-make-oil-trade-less-safe/
Greek Navy Extends Naval Drills to Deter Russian Oil
By Alex Longley (Bloomberg) Greece’s navy has (once again) extended a series of naval drills by two months as the country tries to deter Russian oil transfers on its coastline. The…
https://gcaptain.com/greek-navy-extends-naval-drills-to-deter-russian-oil/
Oil Spill Fears Mount as Russia Tankers Reject Key Danish Pilots
(Bloomberg) — Tankers hauling Russian crude through Denmark’s perilous shipping straits are increasingly rejecting the services of pilots when they do so, raising the chances of an oil spill off…
https://gcaptain.com/oil-spill-fears-mount-as-russia-tankers-reject-key-danish-pilots/
London-Based Ship Registry Helps Keep Russian Oil Tankers Underway
(Bloomberg) — Three oil tankers that are under British sanctions for transporting Russian petroleum are sailing under the flag of a nation that bases its operations in London. The Galaxy,…
https://gcaptain.com/london-based-ship-registry-helps-keep-russian-oil-tankers-underway/
Dark Fleet Caper Exposes Growing Risks in Crowded Malacca Strait
(Bloomberg) — A collision that set two vessels ablaze off Singapore has underlined the growing risks in the crowded Straits of Malacca, as the dark fleet expands and lackluster Chinese…
https://gcaptain.com/dark-fleet-caper-exposes-growing-risks-in-crowded-malacca-strait/