Risky Ship-to-Ship Transfers Keep Russian Oil Moving to China May 26, 2022 By Serene Cheong A logistically risky and costly transfer of crude between tankers at sea highlights the steps at least one Chinese buyer...
Insurance (or Lack of It) Is Russian Oil’s Achilles’ Heel May 25, 2022 By Jonathan Saul, Nidhi Verma, Yuka Obayashi and Carolyn Cohn Russia has so far deflected much of the impact of sanctions on its oil trade but the insurance industry threatens...
EU to Weaken Russia Oil Sanctions, but Keeps Plan to Prohibit Insurance of Shipments May 9, 2022 By Nikos Chrysoloras, Alberto Nardelli and Ewa Krukowska The European Union is set to soften its sanctions package on Russian oil exports after a weekend of wrangling, though...
Russia’s Leading Shipping Firm Sovcomflot Plans to Sell Part of Its Fleet: Report May 6, 2022 Russia’s leading shipping company Sovcomflot plans to sell part of its fleet, it said on Friday, as it grapples with...
Western Ship Insurers Terminate Cover for Russia’s Sovcomflot as Sanctions Expand May 4, 2022 By Jonathan Saul Western ship insurers are terminating cover for Russia’s leading shipping company Sovcomflot as multiple sanctions start to bite, companies involved...
EU Seeks to Target Russia’s Global Oil Exports With Insurance, Services Ban May 4, 2022 By Nikos Chrysoloras, Alberto Nardelli, Alex Longley and Alaric Nightingale The European Union is seeking to go beyond an import ban on Russian crude, targeting insurers in a move that...
Global Shipping Industry Pushes to Rescue Seafarers Trapped in Ukraine May 2, 2022 By Jonathan Saul Just under 500 seafarers remain stuck onboard 109 ships at Ukrainian ports – skeleton crews who were left on board...
India’s ONGC Struggles to Ship Russian Oil to Asia as Sanctions Bite: Sources April 28, 2022 By Nidhi Verma and Jonathan Saul India’s Oil and Natural Gas Corp. (ONGC) is struggling to find a vessel to ship 700,000 barrels of crude from...
Cost of Insurance for Merchant Ships Sailing to Black Sea Ports Spirals Out of Control April 11, 2022 By Ann Koh and Alaric Nightingale The cost of insuring merchant ships sailing to ports in the Black Sea has spiraled out of control, becoming a...
Dominica-Flagged Cargo Ship Sinks in Ukrainian Port of Mariupol After Missile Attack April 6, 2022 By Jonathan Saul A Dominica-flagged cargo ship sank on Tuesday in the besieged southern Ukrainian port city of Mariupol after being targeted by...