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...]
Going Dark and Faking Voyages: These are the Tricks Ships Use to Avoid Sanctions
(Bloomberg) -- As the U.S. looks to enforce sanctions aimed at halting trade with states such as Iran and Venezuela, there’s increased scrutiny on the tricks being used to keep commodities flowing to and from blacklisted countries. Ships vanishing from tracking screens, clandestine transfers on the high seas and fake destinations are among some of the tactics used to hide … [Read more...]
China Delivers First ‘Smart’ VLCC
China's largest shipbuilder Dalian Shipbuilding Industries (DSIC) has delivered what it says is the world's first "smart" Very Large Crude Oil Carrier to China Merchants Energy Shipping (CMES). The 308,000 DWT supertanker, named New Journey, has been under development for the past three years as part of a joint R&D project between CMES, DSIC and China Shipbuilding & … [Read more...]
Bahri Commits to VLCCs a Saudi Arabia’s New King Salman Maritime Complex
Saudi Arabian shipping company Bahri has signed a Memorandum of Understanding for the construction of the first VLCCs at the new King Salman Complex for International Maritime Industries (IMI) and Services at Ras Al-Khair, Saudi Arabia. Under part of the MoU, Bahri has committed to placing the order before the end of July 2019. IMI will then Hyundai Heavy Industries as … [Read more...]
Tankers Carrying Dirty Russian Oil Left Stranded at Sea
By Olga Yagova, Dmitry Zhdannikov and Florence Tan MOSCOW/LONDON, June 25 (Reuters) - In the opinion of Russian officials, the oil contamination crisis that disrupted flows from the world's second-largest exporter of crude this spring is long over. But a closer look at a dozen tankers containing dirty Russian oil suggests that for the buyers, the debacle has a long way … [Read more...]