Russia's LNG 'Shadow Fleet' Runs Full Steam Ahead
A sanctioned LNG tanker named "Mulan", which approached Novatek's SAAM FSU floating storage facility in Murmansk on December 21, is currently sailing around Northern Europe and heading towards Port Said in Egypt, according to LSEG data. The vessel is expected to arrive at its destination on January 6, 2025.Another LNG tanker, "Pioneer", has entered the transshipment zone at the Koryak FSU floating storage facility in Kamchatka, according to LSEG data.The Pioneer and Mulan are…
UK Slaps Russian 'Shadow Fleet' with Sanctions
Britain is imposing the biggest sanctions package against Russia's shadow fleet, targeting 30 vessels, foreign minister David Lammy said on Monday, urging G7 allies to stand with, and equip Ukraine for as long as it needs.Britain and other Western nations are keen to make sure Ukraine is in the strongest possible position to defend itself this winter.Lammy said before a meeting of G7 foreign ministers in Italy he was sure Kyiv would get "the funds and the military equipment and kit to get through 2025".Lammy told reporters Britain's latest round of measures against Moscow represented the "bigg
While Maritime Risks Soar, Total Losses Plummet in '23 - Report
It was only 30 years ago when maritime lost approximately 200 large vessels per year. Despite the mounting risks to shipping globally, its safe to say that safety measures and technology put in place in the interim have paid off, as in 2023 the industry saw 26 large ships lost -- down from 41 a year earlier and the lowest total ever, according to the Allianz Commercial Safety and Shipping Review 2024.While the ship loss numbers continue to fall, the industry still has a significant…
