Vessel was sanctioned by the US in February for ties to a state-owned Russian bank, not for carrying Iranian crude

Evolving marine transport model seeks tankers to operate outside established markets, yet remain compliant with class, insurance and other regulatory and technical rules

Having missed two issues of notes outstanding, amounting to $928m, sanctioned Russian state-owned tanker giant Sovcomflot has found an alternative payment route to meet its obligations

The US is targeting what it believes are Moscow’s key economic players and sectors as it seeks to empty Russia’s coffers and hinder its activity in Ukraine

Panama-flagged LPG tanker is said to have hidden its position when loading butadiene from Iran in July last year. The vessel’s insurance company and class society have withdrawn their services

An evolving ‘grey market’ means fewer charters reported to market as cargoes concentrated in hands of Russian traders

Lawyer for crew families pleads for priority to be given to seafarers’ lives rather than oil or sanctions as ordeal clocks up two months

Russia and China behind ‘high-risk’ mid-Atlantic tanker transfer hub | Flag states still failing to submit casualty reports | Gambia’s flagging foray results in string of ship detentions

Emergence of an Atlantic ship-to-ship transfer hub is a case of owners taking big risks for big money. At the core of these operations are five tankers bought by an unknown Chinese entity between April and May now running ships under separate company names all registered to the same address

Trade in the Black Sea is changing as shipowners adapt to the new wartime norm 

Outbound sailings of bulk carriers and general cargo ships from Russia are approaching the levels seen before the situation in Ukraine unfolded, but containership activity is failing to recover

With EU members banning the import of Russian coal and other solid fossil fuels from next month, a scramble is under way to source replacements