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West, a UK-based ship insurer, has problems with paying claims to a Russian company that is under sanctions

Posted to Maritime Reporter on July 23, 2024

West, a UK ship insurer, said that it would be difficult to pay claims for ships involved with accidents or collisions involving other vessels insured by the sanctions-hit Russian Ingosstrakh. This is another indication of the difficulties with Moscow's oil trading.

One person killed after a Ukrainian drone strikes a ferry in russian port, according to regional governor

Posted to Maritime Reporter on July 23, 2024

Veniamin Kodratyev, the regional governor of the southern Krasnodar Region in Russia, said that a Ukrainian drone attacked a ferry in Port Kavkaz and killed a person. The RIA news agency, citing a source from emergency services, reported that…

Lukoil increases its July loading plan by 140,000 t of oil

Posted to Maritime Reporter on July 23, 2024

Market sources reported that Lukoil - Russia's largest oil company - has increased its crude oil loading for July by about 140,000 tons after Ukraine stopped oil transit from Europe via the Druzhba pipe. Lukoil will load the Suzemax ship Arus at Novorossiisk, Russia, on July 23-24.

Russian Urals crude price holds firm in Indian ports: traders

Posted to Maritime Reporter on July 23, 2024

Traders said that the price of Russian Urals crude is stable in Indian ports. The market's attention has shifted to cargoes due to load next month, amid an anticipated limited lifting plan for Russia’s western ports. In Indian ports, urals oil…

After drone attacks, Russian authorities in Novorossiysk limit beach access

Posted to Maritime Reporter on July 3, 2024

The mayor of Novorossiysk, a Russian Black Sea port, announced that beach access would be restricted on Wednesday morning. Earlier, he had reported that the defence forces were battling a drone attack at sea. On Telegram, Mayor Andrei Kravchenko…