
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.

China’s Dongying port acts as sanctions bypass valve following vessel calls
The recent tracking of port calls highlights emerging entry points forming in China for sanctioned oil

Russia-US peace talks to end Ukraine war ‘generally positive’ for tanker markets
If US-brokered talks with Russia that begin this week end the war in Ukraine, global oil trades are likely to recalibrate for the third time in four years

Chinese state entity takes over sanctioned Zhoushan Wison shipyard
Move highlights China’s strategy of using state-backed capital to support companies affected by sanctions

Scenarios are ‘infinite’ as geopolitical turbulence drags on, says Frangou
US-listed owner posts reduced profit but has $3.6bn in secured contracts

‘We are not a refuge for sanctions evasion,’ says Panama flag
The registry has come under fire from US lawmakers, who claim the flag ‘has enabled’ Iran to evade US sanctions

The Daily View: Trade osmosis
Your latest edition of Lloyd’s List’s Daily View — the essential briefing on the stories shaping shipping

VLCC rates fall back as tepid demand trumps sanctions sentiment
A common pattern in shipping: the stars are aligned for higher rates and rates do not co-operate. Such is the case for VLCCs, which appear to have everything going for them, yet spot rates are declining

McKinsey report underlines massive role of Greek shipping home and abroad
Consultancy identifies scope to increase current $14bn impact on economy by as much as 30%

Tankers with unknown flags help Russia navigate post-sanctions shipments to China and India
Last month 21% of oil was shipped on 45 Western-sanctioned tankers, 27 of those since January 10. Just one US-sanctioned tanker was tracked discharging at China that loaded a cargo after then

Dark fleet tanker sales increasingly in the crosshairs, say legal experts
Rise of so-called shadow fleet seen with hindsight as ‘inevitable’

Covert Russian oil discharge in China’s Shandong exposes new US sanctions loophole
A US-blocked oil tanker loaded a crude shipment in Russia’s Far East late last month. With its AIS transponder switched off, it recently docked at a port in China’s Shandong province, where services for sanctioned vessels have reportedly been banned

Russia’s core fleet calling at occupied territories maintains traffic volumes
Assessing voyage data reveals at least 60 dark port calls in 2024, equating to 1.3m dwt
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