ENB Pub note: Interesting from Bloomberg. Also, we need to look at how much oil California potentially still imports from Iran. The official list of imported oil in California is: \”According to the California Energy Commission, in 2020 (the most recent detailed foreign source data available), the state imported approximately 60% of its crude oil, […]
Continue ReadingThe Trump administration imposed a new round of sanctions on oil brokers, ships and people it said were linked to illicit shipments of Iranian crude, framing the move as a return to a “maximum pressure” strategy to squeeze the country’s economy. Twenty-two people and 13 vessels were targeted in the latest sanctions, the State and […]
Continue ReadingThe UK is imposing a new wave of sanctions against the Russian oil trade, targeting an additional 40 ships. The biggest sanctions package against Russia’s shadow fleet brings the total number of oil tankers sanctioned by the UK to 133—more than any other European nation. Publishing details of the sanctions, Britain said the ships being […]
Continue ReadingCargo ships could reportedly be impounded on grounds of supposed piracy and the threat of environmental incidents Several EU members are considering strengthening the legal framework for seizing ships in the Baltic Sea with the aim of undermining Russian trade, Politico reported on Monday, citing insiders. Finland, Estonia, Lithuania, and Latvia are allegedly seeking […]
Continue ReadingDenmark has taken its next step in cracking down on Russian-linked shadow tankers passing through its waters The Danish Maritime Authority will carry out port state controls on tankers it deems high risk who anchor off Skagen in the far north of the country, a popular anchorage. Ships found with safety defects or not having […]
Continue ReadingEuropean and American shipowners have pocketed at least $6.3bn from selling hundreds of ageing tankers on to shell companies, from where they make their way into the shadow fleet, a new probe carried out by the Organized Crime and Corruption Reporting Project (OCCRP) and investigative journalists from Follow the Money has revealed. The report tracks […]
Continue ReadingShip-to-ship transfers of Russian-linked oil have spiked dramatically this month in the wake of America’s largest sanctions package aimed at Russia’s shadow fleet. Data from maritime risk analytics firm Windward shows there has been a 366% increase in Russian-related ship-to-ship transfers of crude and products in the Sea of Crete and a 370% increase in […]
Continue ReadingSan Marino, Guyana, Sierra Leone, Comoro Islands, Guinea Bissau and most notably Guinea are the flag states that stand out for their extraordinary fleet growth in the latest data compiled in Clarksons Research’s World Fleet Monitor, statistics that highlight the whack-a-mole game authorities in the West are having to fight in their bid to crack […]
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The UK is leading a bid to stamp out falsely flagged ships at the International Maritime Organization (IMO). In a submission to the IMO’s legal committee, backed by 21 other countries, the UK has counted that the number of falsely flagged vessels has more than doubled to 223 ships in the space of just 22 […]
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The number of vessels hit by sanctions has surpassed 1,000 with data from S&P Global Market Intelligence showing that more 800 of these ships do not have confirmed insurance. Moreover, the average age of sanctioned ships – 21 years – is some eight years older than the global average, adding to growing concern that the […]
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