The US announced hundreds of fresh designations on Wednesday, including several aimed at Novatek’s Arctic LNG 2 project, which is already being hampered by western sanctions

Sixty-four percent of tankers calling at the Federation’s ports in April, measured by deadweight, had no known P&I insurance

The Treasury Select Committee, investigating whether Russian sanctions are working, was told of the parallel fleet operating outside G7 countries’ control to ship Russia’s crude and evade sanctions

‘Shipping is a very old market and people who are a little bit too smart have always been there. The problem is, if you want to really cope with the situation, you need a lot of expertise,’ argues Enrico Vergani in an interview

Shipping’s P&I clubs have been struggling with the requirements of the G7 oil price cap since its inception. But as the UK government prepares to examine whether Russian sanctions are working, shipping’s insurers have gone on the offensive to explain why the price cap is flawed and is driving more ships directly into the dark fleet

The tanker and its registered owner were removed from the US sanctions list

Demand for long-haul tankers in the mainstream market could be affected as more Venezuelan crude shifts back to the dark fleet. But the limited volume of these cargoes will minimise the impact

The US is continuing to slap sanctions on ships and companies facilitating sales of Iranian oil for the benefit of the regime’s armed forces. Almost 30 vessels have been targeted by Ofac since the year began

Scrutiny of Iran’s sanctioned energy trade tends to centre on the oil exports and the dark fleet servicing it. However, robust Chinese demand, coupled with growing Iranian output and deep discounts have propelled Iran’s liquid petroleum gas exports far above pre-sanctions levels, helped by a growing fleet of ageing gas carriers

Move will facilitate imports of crude in face of Western price cap

Deepening diplomatic ties between Russia and North Korea has increased clandestine maritime oil-for-arms trades between the two states, but that comes as Russia is seeking to end UN scrutiny of sanctions compliance and illicit maritime activity

A bill that calls for the imposition of sanctions on ports, vessels, shipping companies and refineries that knowingly process or carry Iranian oil or productions passed the US House of Representatives on Saturday and will likely be signed into law this week