Sanctions
Sanctions against Russia in response to the country’s invasion of Ukraine continue to mount, while the US administration is reportedly weighing options on both Iranian and Venezuelan sanctions to address the energy gap created by restrictions on Russian oil and gas imports. Lloyd’s List examines the impact of this sanctions and the pain of them on the shipping industry and wider implications for the maritime community including finance, insurance, law and government
Sanctioned shadow fleet tanker leaves 400 km oil slick off Oman coast
Oman has revealed the scale of an oil spill from sanctioned shadow fleet tanker Caroline Bezengi, with a slick covering about 390 sq km after the vessel grounded off the Hallaniyat Islands following an incident that left it disabled while carrying Russian crude
Shadow fleet tanker master jailed after fleeing US Coast Guard pursuit
Former Bella 1 master Avtandil Kalandadze sentenced to 10 months in a US prison after admitting he defied Coast Guard orders during a weeks-long Atlantic pursuit of a tanker involved in transporting Iranian oil
US quietly sells seized Russian-linked shadow fleet tankers for scrap
Two shadow fleet tankers seized in a high-profile US sanctions enforcement operation have been sold for scrap, ending a politically charged saga that exposed opaque Russian ownership networks while highlighting the legal and commercial complexities of disposing of sanctioned vessels
Swedish seizure could prompt shadow fleet flag pivot
Following a Swedish court ruling that a vessel could be transferred to Ukraine after it was suspected of transporting ‘stolen’ grain, one lawyer says shadow fleet operators may think twice about which flag registries they use
Oman sends in teams to clean up leaking shadow fleet tanker
Satellite imagery shows oil coming from the vessel, which is currently aground off the Al Hallaniyat islands south of Oman
SeaLead winds up operations after US sanctions over Iran links
SeaLead has entered liquidation a year after US sanctions over Iran links stripped the Singapore carrier of most of its fleet
Sanctioned tanker boarded by EU Naval Force
Documents provided by the tanker confirming its identity and nationality are being inspected by Italian forces, its defence ministry confirmed
US sanctions firms linked to Iran’s PGSA for ‘maritime extortion’
The US slapped sanctions on two more firms that broker insurance and take payments for ships transiting the Strait of Hormuz, alleging the funds are channelled to the Revolutionary Guards
The price of passage through the Strait of Hormuz
Iran’s battle over the future governance of the Strait of Hormuz is no longer about transit fees but about shaping the post-war order. For shipping markets, the key question is not when the waterway reopens, but who controls the rules, risks and revenues that govern passage
The Week in Charts: Red Sea U-turns continue as Houthis prepare more attacks | China’s continued vehicle export boom boosts PCTC charter rates
Lloyd’s List’s weekly showing of the data and figures behind our news, analysis and markets coverage
EU sanctions 41 more vessels and confirms LNG exemption
The bloc’s 21st sanctions package lets European shipowners transport Russian LNG to third countries for another year
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