New technical, commercial and shipmanagement structures established to move tankers, underscoring what many describe as a giant game of regulatory ‘whack-a-mole’ under way in sanctions compliance and enforcement for the G7 oil price cap

Latest round of EU sanctions will target LNG transhipment operations, but will stop short of restricting Russian gas imports amid a finely balanced energy market and warnings of energy security disruptions

Red Box Energy, the Singapore-based module transportation services provider sanctioned last week by the US, says the decision was based on ‘inaccurate’ information

Over a dozen tankers linked with Iran, including several that were recently sanctioned, are fraudulently flying the Guyanese flag. The country’s maritime administration said an organisation named the International Maritime Safety Agency of Guyana, with which it used to have a contract, has been registering ships under its flag without authorisation

Discussions will focus on enforcing the price cap on Russian oil, halting the transhipment of critical dual-use goods, and furthering US efforts to counter terrorist financing and revenue generation by Iran and its proxies

Russia is shipping refined petroleum to North Korea at levels that exceed UN Security Council limits, according to the White House, which has signalled new sanctions targeting shipments are due later this month

The US has sanctioned 25 tankers and four LPG carriers in the year to date because of links to Iran. These measures have thus far not had a significant impact on exports of crude and condensates, according to preliminary figures from tanker trackers at UANI, but the effect could become more pronounced in the coming months

Freight assessments from Argus Media highlight challenges facing Western regulators in enforcing the G7 price cap on Russia’s oil and shipping sector

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