Germany Seizes Russian ‘Shadow Fleet’ Oil Tanker
Germany seized 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, Spiegel news magazine reported on Friday, citing security sources.The Panama-flagged ship, called Eventin, was secured by German maritime authorities after being found off the Baltic Sea island of Ruegen, prompting Berlin to sharply rebuke Moscow. The tanker had been heading from Russia to Egypt.Spiegel reported that a confiscation order has been issued for the tanker…
U.S. Targets 'Shadow Fleet', Iran's Oil Minister
The United States imposed sanctions on Thursday on Iran's Oil Minister Mohsen Paknejad and some Hong Kong-flagged vessels that are part of a shadow fleet that helps disguise Iranian oil shipments, the Treasury Department said.President Donald Trumpre-imposed a "maximum pressure" policy on Iran in February that includes efforts to drive its oil exports to zero in order to stop Tehran from obtaining a nuclear weapon and funding militant groups.Paknejad "oversees the export of tens…
Iran's "Shadow" Vessel Fleet Hit with Fresh Sanctions
The United States imposed a fresh round of sanctions targeting Iran's oil industry on Monday, hitting more than 30 brokers, tanker operators, and shipping companies for their role in selling and transporting Iranian petroleum, the Treasury Department said.The announcement comes as U.S. President Donald Trump seeks to bring Iran's crude exports to zero to prevent the country from obtaining a nuclear weapon, and builds on the layers of sanctions already imposed by his government and the previous Biden administration."Iran continues to rely on a shadowy network of vessels…
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…
