Tag: Russia

China and Russia demonstrated their growing partnership and interest in Arctic shipping routes with their first joint coastguard exercise and patrol earlier this month.

On 26 September, the UK imposed sanctions on five ships and two companies involved in transporting Russian liquefied natural gas (LNG), including from Russia’s major Arctic LNG 2 project.

According to Ukrainian President Volodymyr Zelenskiy, a Russian missile has struck a civilian vessel carrying Ukrainian grain in the Black Sea, after it had left Ukrainian waters. 

In this week’s “Shipping Number of the Week” from BIMCO, Chief Shipping Analyst, Niels Rasmussen, examines the rise in India’s seaborne crude oil imports from Russia and the impact it has on sailing distances and ship types.

According to Bloomberg, Russia has loaded a fourth sanctioned tanker, the Viktor Bakaev, owned by state-run Sovcomflot PJSC. 

Recent reports suggest that mysterious buyers with suspected Russian ties are acquiring numerous liquefied natural gas (LNG) vessels, potentially expanding Moscow's covert fleet of tankers.

According to UK, Russia’s ‘shadow fleet’ poses a threat to the nations and others who depend on the world’s seas and oceans. Many ships in this ‘shadow fleet’ are uninsured and poorly maintained. Many engage in activities which violate basic safety and environmental standards and regulations.

The EU Council adopted, in late June, the 14th package of economic and individual restrictive measures, designed to target high-value sectors of the Russian economy, like energy, finance and trade, and make it ever more difficult to circumvent EU sanctions.

Bloomberg reports that evidence suggests Russia is creating a shadow fleet for LNG, similar to its oil strategy to avoid sanctions.

Denmark is exploring options to prevent a fleet of tankers, known as a "shadow fleet," from transporting Russian oil through the Baltic Sea, the country announced on 17th June, Reuters highlights.