MOL Russian LNG Charters Hit Sanctions Trouble
Japanese shipowner Mitsui OSK Lines (MOL) is being forced to renegotiate charters for four tankers that are part of its Russian business as sanctions tighten.
MOL said it needed…
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Russia
Russian Warship Fires Warning Shots At Turkish Bulk Carrier
A Russian warship fired warning shots and boarded a small bulk carrier in international water, claiming it was headed to Ukraine in the Black Sea on Sunday, according to Russia’s Defense…
Russia Writes Off $23bn Debt For Africa Countries, Offers To Fight Piracy, Terrorism
Determined to render assistant to the continent , Russian President Vladimir Putin, , has disclosed that his government has written off $23 billion debt burden of African countries.
Putin…
CIVIL WAR: Russia Under Invasion By Wagner Group, As Putin Orders Criminal Case…
Russia’s Federal Security Service has stated that Yevgeny Prigozhin, head of the Wagner Group, had incited an “armed rebellion” after Prigozhin—who accused the Russian military of attacking…
Maersk Completes Sale Of Logistics Assets In Russia
A.P. Moller - Maersk has completed the sale of the last of its land-based assets in Russia as part of its commitment announced 11 months ago to end its business in the country.
The…
Spain Blocks Maersk Tanker Over STS Transfer Involving Ex-Russian Ship
In a sign of increasing regulatory interest in Russian ship-to-ship petroleum transfers, Spanish authorities have banned the tanker Maersk Magellan from unloading in Tarragona because she…
Ukraine Accuses Russian Inspectors For Record-Low Grain Exports
The pace of agricultural exports from Ukrainian seaports has fallen to the lowest level since the launch of the Black Sea Grain Initiative last August, according to the nation's agriculture…
Ukraine Dismisses Putin’s Christmas Ceasefire As ‘Hypocrisy’
Russian President Vladimir Putin on Thursday, ordered a 36-hour ceasefire in Ukraine to run during Orthodox Christmas, a move quickly dismissed by war-battered Kyiv and its allies.…
Panic In Europe As Sweden, Finland Set To Join NATO
Sweden and Finland are preparing for a potentially historic decision “before midsummer” on whether to apply to join NATO as a deterrent against Russian aggression.
Sweden and…
BLACK SEA : Ship Insurance Rates Continue To Soar Amid Danger In Commercial Shipping
The costs of insuring merchant ships sailing to ports in the Black Sea has spiraled out of control, becoming a huge potential impediment to the movement of Russian cargoes from the region.…