The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today imposed sanctions on three entities and identified as blocked property three vessels that used Price Cap Coalition service providers
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is imposing sanctions on two entities and identifying as blocked property two vessels involved in carrying Russian crude oil above
Russian state controlled news agency Tass reports that President Vladimir Putin has signed a decree on retaliatory measures to the West’s imposition of a price cap on Russian oil. The document bans
In his latest weekly Tanker Opinion, Erik Broekhuizen, head of tanker research at New York headquartered Poten & Partners, says that, while Russian oil exports have thus far only been impacted by
With concerns that the ban on Russian energy imports could be used as a pretext for seeking Jones Act waivers, the American Maritime Partnership (AMP) today sent a letter on the issue
By Manuel Levitt, senior associate, of Miller & Chevalier The global maritime shipping sector continues to feel the geopolitical shock waves from the unrest and violent conflicts in Ukraine and the Middle
There are interesting times ahead in the tanker market. From December 5, the European Union ban on imports of Russian oil will kick in, with a minor exception for Bulgaria, which has
In a pollution case that continues to be under investigation, the chief engineer of a Marshall Islands bulk carrier has been sentenced to prison for deliberately discharging approximately 10,000 gallons of oil-contaminated
President Joe Biden announced today that the U.S. will ban Russian oil, natural gas and coal imports as part of the administration’s response to Russia’s invasion of Ukraine. In addition to the
As Russia continues its invasion of Ukraine, reports of Russian attacks on merchant ships are growing. Video posted on YouTube shows the Moldovan flagged, bunker vessel Millennial Spirit (IMO7392610) in flames after
