The United States is watching growing cooperation between Russia and China in the Arctic closely and some of their recent military collaboration in the region sends "concerning signals", the U.S. Arctic ambassador said.Russia and China have stepped up military cooperation in the Arctic while deepening overall ties in recent years that include China supplying Moscow with dual-use goods despite
Britain on Thursday sanctioned five vessels and two associated entities involved in the shipping of Russian LNG, with the government saying it was using new legal powers for the first time to target LNG vessels directly."Earlier this year, the UK sanctioned Arctic LNG 2, alongside our allies in the US and EU.
U.S. Gulf of Mexico energy firms on Friday were lumbering back from hurricane disruptions as offshore oil and gas producers ramped up operations after halving the key energy region's output, ports reopened, and onshore terminals accepted oil and liquefied natural gas (LNG) tankers.Hurricane Francine shut in up to 42% of the region's offshore oil and 53% of its natural gas production.
Britain has slapped sanctions on 10 further ships in Russia's so-called "shadow fleet" of vessels which it says use illicit practices to avoid Western restrictions on Russian oil.Russia rejects Western pressure to limit its oil exports, and in the past year there has been a growth in the number of tankers transporting cargoes that are not regulated or insured by conventional Western providers.
Russian shipping company Sovcomflot has started this year's transportation of Urals crude oil to Asia via the Northern Sea Route, according to market sources and LSEG data on Tuesday, as melting ice opens the Arctic route for transit shipments.Russia wants alternative routes to Asia from its western ports as Western sanctions have made it increasingly difficult for its fleet to operate in waters
Unregulated tankers sidestepping Western sanctions are posing a bigger risk to the Mediterranean region and Greece is undertaking more protective measures to safeguard its coast, the country's shipping minister told Reuters on Tuesday.Up to 850 oil tankers are estimated to form the so-called shadow fleet transporting oil from countries such as Iran and Venezuela as well as Russia
British security firm Ambrey said on Friday merchant vessels transiting the Gulf and Western Indian Ocean were advised to stay alert in case of increased uncrewed aerial vehicle (UAV) activity in the region.Ambrey said it had received information that indicated an "Israeli military strike" was conducted on Isfahan, Iran.
A South Korean-flagged chemical tanker has capsized off the coast of Yamaguchi prefecture in western Japan, with operations to rescue the crew underway, public broadcaster NHK reported on Wednesday, citing the Coast Guard.The tanker, Keoyoung Sun, requested assistance after 0700 local time (2200 GMT), reporting the vessel was tilting over, and had 11 crew onboard with four people rescued so far
The U.S. Treasury said on Fridayit has imposed sanctions on Russia's leading tanker group Sovcomflot FLOT.MM, as Washington seeks to reduce Russia's revenues from oil sales that it can use to support its invasion of Ukraine.The Treasury Department's Office of Foreign Asset Control also designated 14 crude oil tankers vessels as property in which Sovcomflot has an interest.
Tankers carrying Russian oil have continued sailing through the Red Sea largely uninterrupted by Houthi attacks on shipping and face lower risks than competitors, according to shipping executives, analysts and flows data.Russia has become more dependent on trade through the Suez Canal and the Red Sea since it invaded Ukraine
Oslo-headquartered dry bulk shipping company Golden Ocean Group announced its board has appointed Lars-Christian Svensen as CEO, effective January 1, 2024.Svensen had been serving as interim CEO following the resignation of the company's previous CEO, Ulrik Andersen, in June 2023.Svensen joined Golden Ocean as chief commercial officer in December 2020 and was previously senior vice president in
The European Commission is proposing to ban the sale of tankers for crude oil and petroleum products to Russia to prevent Moscow bypassing western sanctions on Russian oil with a shadow fleet of ships, a proposal by the Commission showed. The proposal, discussed on Friday by ambassadors of EU governments