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    NTSB Investigation

    Lessons learned: Loss of redundancy in diving bell launch and recovery PLC system

    Lessons learned: Steam and water released from filter

    Lessons learned: Disposable vape self-ignition

    maritime mental health

    Seafarers Happiness Index 2023Q1: Seafarers are unsatisfied with onboard fitness and health benefits

    Cargo fires: An issue that needs to be tackled

    Cargo fires: An issue that needs to be tackled

  • SEAFiT
    • All
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    Book Review: A role model for ship managers

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    contemplation as a spiritual practice

    Contemplation: Directing the mind towards what’s important

    power of hug

    The power of hugging: How it affects our health

    Impostor Syndrome

    Mental Health Focus: How to deal with Impostor Syndrome

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    HHI wins AiP from KR for tank shape optimized for liquefied fuels

    HHI wins AiP from KR for tank shape optimized for liquefied fuels

    Four major parties to assess emissions throughout the life cycle of LNG carrier

    Four major parties to assess emissions throughout the life cycle of LNG carrier

    Port of Klaipeda and Proman shake hands on methanol bunkering

    Port of Klaipeda and Proman shake hands on methanol bunkering

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    U.S. Senators introduce legislation to eliminate in-port ship emissions

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    AMSA bans second vessel in a week

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    Ship detentions in Paris MoU in February 2021

    AMSA bans bulk carrier Babuza Wisdom for 90 days

    tanker arrested in singapore

    AMSA convicts master and company after pilot ladder injury

    amsa planned maintenance fic

    OCIMF Annual Report 2023: Key amendments and additions under SIRE 2.0

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    Port of Klaipeda and Proman shake hands on methanol bunkering

    Port of Klaipeda and Proman shake hands on methanol bunkering

    StenaRoRo’s ESG reporting making leaps due to Mercy Ships partnership

    StenaRoRo’s ESG reporting making leaps due to Mercy Ships partnership

    IWSA opens voting for “Wind Ship – the Future” poster design contest

    IWSA opens voting for “Wind Ship – the Future” poster design contest

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    The tides are changing at Alang

    The tides are changing at Alang

    Ship recycling: A solution for plastic pollution and environmental protection

    Ship recycling: A solution for plastic pollution and environmental protection

    Back To The Future: How Rotor Sails are now a credible option to tackle climate challenge

    Back To The Future: How Rotor Sails are now a credible option to tackle climate challenge

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SAFETY4SEA

UK, EU reach agreement for insurance ban on Russian oil cargoes

by The Editorial Team
June 1, 2022
in Shipping
russian oil price cap

Credits: Shutterstock

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The UK and EU agreed to a ban on insuring ships carrying Russian oil, after the European Council earlier agreed to ban seaborne imports of Russian oil.

The insurance ban could have much broader consequences for Russian exports, says Financial Times, as it the country will have to look for insurance in smaller, less developed markets.

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In addition, a senior commission official added that the G7 countries were working towards an insurance ban. The ban would not take effect for six months, the official said, after which Russia will have “a big problem shipping the stuff around.”

The partial ban on Russian oil imports covers more than 2/3 of oil imports from Russia, cutting a huge source of financing for its war machine, Michel announced in a tweet.

RelatedNews

KR approves developed methanol-fueled MR tanker

EU proposes new measures for safe and green shipping

More specifically, the EU agreed to ban 90% of Russian oil imports by the end of the year, the leaders of the European Council said. Russian oil delivered by tankers would be banned, while an exemption will be made for the southern segment of the Druzhba pipeline, said Ursula von der Leyen.

According to CNN, officials first proposed joining the US and others in banning Russia’s oil a month ago as part of a sixth package of EU sanctions over the country’s invasion of Ukraine. However, an agreement has been held up by some countries, like Hungary, that are particularly reliant on Russian crude delivered via pipeline.

Tags: EURussiaSanctionsUK

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