
Sanctions
Sanctions against Russia in response to the country’s invasion of Ukraine continue to mount, while the US administration is reportedly weighing options on both Iranian and Venezuelan sanctions to address the energy gap created by restrictions on Russian oil and gas imports. Lloyd’s List examines the impact of this sanctions and the pain of them on the shipping industry and wider implications for the maritime community including finance, insurance, law and government

Russian-loaded tankers in limbo off India as refiners weigh sanctions and politics
The US president had said on Tuesday he would be imposing sanctions on Russia, including ‘secondary tariffs’ on its energy customers including India, if Moscow did not halt the war in Ukraine, within 10 or 12 days

Fraudulent flag expansion prompts government warnings but little action
The Caribbean island of St Maarten has joined a growing queue of governments issuing warnings regarding fake ship registries being operated in their name, but so far little progress has been made in shutting them down

Houthis expanding Ras Isa as oil trade goes increasingly dark
Satellite imagery shows two new jetties erected in Ras Isa port, as sanctions push much of oil trade in the Houthi-held port into the dark

Malaysia shuts notorious STS hub but shadow fleet remains in place for now
Anchorage off East Johor used as popular shadow fleet STS hub has been officially closed

SeaLead loses one third of fleet after terminating charters of 16 sanctioned boxships
US sanctions on Iran have had a major effect on tanker shipping during recent years. The latest wave of sanctions have ensnared Singapore-based SeaLead, a rising player in container shipping

Sweeping US sanctions target over 100 ships and entities linked to son of Iranian political adviser
In what it said was its largest action since 2018, the US sanctioned almost 150 vessels, entities and individuals on Wednesday, primarily in connection with a sprawling network controlled by Iranian national Mohammad Hossein Shamkhani, son of a top political adviser to Iran’s supreme leader

Iraq flags illegal tanker loadings amid US pressure on Iran links
Tankers are accused of engaging in high-risk activities, potentially involving illegal practices like tampering with tracking systems or unauthorised transfers

Chinese players weigh sanctions risks and shadowy rewards
Industry experts at a recent Lloyd’s List Intelligence seminar in Shanghai discussed how the rapidly evolving sanctions regime will impact trade and shipping operations

Fake flag investigation prompts IMO data review
The IMO’s data on falsely flagged ships registered to fraudulent registries is dramatically underestimating the scale of the problem, but much of the data that would allow verification is missing, incomplete, or linked directly to the fraudulent operations

Growing fake ship register network is accelerating flag-hopping
The connected network of fraudulent ship registries is growing rapidly, allowing sanctioned ships to move quickly between fake identities using certificates created to order
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