The European Commission has strengthened its maritime safety regulations by implementing new mandatory insurance reporting requirements for all vessels in EU waters. Under the amended Vessel Monitoring Directive (2022/59/EC), ships…
https://gcaptain.com/eu-expands-maritime-reporting-requirements-to-combat-shadow-fleet-risks/
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on China-based Shandong Shengxing Chemical Co., Ltd. for purchasing over $1 billion worth of Iranian…
The Estonian navy detained and boarded a Russia-bound oil tanker on an EU sanctions list on Friday, accusing it of sailing illegally without a valid country flag.
https://gcaptain.com/estonian-navy-detains-russia-bound-oil-tanker-in-baltic-sea/
The U.S. Department of the Treasury has unveiled sanctions against a sophisticated maritime network responsible for smuggling hundreds of millions of dollars worth of Iranian petroleum, targeting UAE-based shipping magnate…
After more than nine months at sea sanctioned LNG carrier East Energy (formerly Asya Energy) has pulled into a Zhoushan-based shipyard, likely to undergo maintenance or repairs. It is the first ‘shadow fleet’ LNG carrier of Arctic LNG 2 project visiting a Chinese yard.
Russia has apparently turned the lights back on at its sanctioned Arctic LNG 2 plant. Images taken by the European Sentinel 2 satellite reveal flaring at both production lines, Train 1 and Train 2, as well as the adjacent main flare.
VLCC specialist Tankers International is projecting effective vessel supply growth of only 1% in the next three years due to the declining usable capacity of a rapidly-ageing global VLCC fleet.
A cargo of Russian crude that was on a ship rejected by Indian port authorities is now being transferred to another tanker, ship-tracking data show, a sign of how traders are finding ways to skirt regulatory hurdles to keep sensitive freight moving.
https://gcaptain.com/russian-oil-stuck-on-india-banned-ship-finds-new-tanker/
Germany has confiscated a decrepit tanker found adrift off its northern coast in January that is believed to be part of a shadow fleet used by Russia to circumvent oil sanctions, the Spiegel news magazine reported on Friday, citing security sources.
https://gcaptain.com/germany-confiscates-tanker-belonging-to-russian-shadow-fleet/
The delivery of a two-million-barrel cargo of Russian oil to China took seven times longer than it would have done prior to a round of US sanctions imposed on Moscow back in January.
https://gcaptain.com/russian-oil-delivery-takes-seven-times-longer-after-sanctions/