Tag: dark fleet

The International Oil Pollution Compensation (IOPC) Funds convened in London (29 April- 1 May) to address critical issues surrounding compensation and treaty matters related to oil pollution damage caused by tanker spills, BIMCO informs.

Indonesian teams have successfully freed the 23-year-old tanker Liberty, registered under the flag of Cameroon that run aground in the waters of the Singapore Strait.

The United Nations' shipping agency (IMO) on 6th December, adopted a resolution to combat harmful maritime operations by focusing on the "shadow fleet" and their illegal shipping practises, Reuters highlights. 

Recent years have seen a notable increase in deceptive shipping practices (DSPs), particularly in the form of AIS spoofing and dark fleet activity. Despite the new era of sanctions compliance challenges that such DSPs have created, it is possible to comprehend, detect and mitigate these practices, the Research Team at Pole Star Global, in partnership with Blackstone Compliance, explains.

World Bank in its latest Commodity Markets Outlook report, highlights that the price cap on Russian crude oil introduced in late 2022 appears increasingly unenforceable given the recent spike in Urals prices.

In their latest report, Windward finds that 64% of all medium and high-risk vessels in Q3 have been flagged for being associated with Russia.

The International Union of Marine Insurance (IUMI) has recently unveiled key findings from their annual conference, which serves as a platform for in-depth discussions on a wide range of pressing matters and emerging trends within the shipping industry.

On 23 June 2023 the EU Council adopted the 11th package of economic sanctions against Russia to prevent their circumvention and further erode Russia’s revenues, which includes a port ban to tackle illegal transfers.