Panama to Pull More Flags from Vessels Violating Sanctions

By Marianna Parraga and Elida Moreno PANAMA CITY, July 12 (Reuters) - Panama will withdraw its flag from more vessels that violate sanctions and international legislation, the country's maritime authority told Reuters, following the removal of about 60 ships linked to Iran and Syria from the Panamanian registry in recent months. After the re-imposition of sanctions on … [Read more...]

Oil Tanker Seized In Gibraltar, What’s Next?

By Alex Longley (Bloomberg) When British Royal Marines helped seize an oil tanker off the southern tip of Spain on Thursday, they opened up a legal wrangle that could drag on for months. The Grace 1, a supertanker able to haul 2 million barrels of crude, was arrested in the early hours of July 4 because Gibraltarian authorities said they had grounds to believe it was going … [Read more...]

Iran Threatens British Shipping In Retaliation For Tanker Seizure

Parisa Hafezi (Reuters) - An Iranian Revolutionary Guards commander threatened on Friday to seize a British ship in retaliation for the capture of an Iranian supertanker by Royal Marines in Gibraltar. “If Britain does not release the Iranian oil tanker, it is the authorities’ duty to seize a British oil tanker,” Mohsen Rezai said on Twitter. The Gibraltar government said … [Read more...]

Russian Navy To Hold Drills Off Syria

by Tom Balmforth, Andrew Osborn (Reuters) - Russia will begin a major naval exercise in the Mediterranean on Saturday, the Ministry of Defense announced, a move the Kremlin said was justified by a failure to deal with militants in Syria’s Idlib province. Idlib and areas surrounding it are the last major enclave held by rebels opposed to Syrian President Bashar al-Assad, … [Read more...]

Russia Setting Up Direct Shipping Line to Syria – TASS

MOSCOW, Oct 10 (Reuters) - Russia is setting up a direct shipping line to Syria and wants its companies to help build an economic recovery in the war-torn Middle Eastern country, the TASS news agency quoted Russian Deputy Prime Minister Dmitry Rogozin as saying on Tuesday. The report did not specify what a direct shipping line would entail, but any increase in agricultural … [Read more...]