Estonia’s prime minister announced plans to target Russia’s shadow tanker fleet if they fail to show proof of insurance, used to transport oil, arms, and grains in violation of sanctions. Western countries, including Britain and Germany, will check insurance documents to deter Russia’s operations. Ukrainian President praised the move, citing environmental risks.
Sovcomflot PJSC, a Russian state-owned oil tanker company, has condemned Western sanctions on ships carrying Russian oil. They argue that these sanctions increase environmental risks by forcing some vessels out of regular trade. The company asserts its commitment to high safety standards but criticizes restrictions for penalizing responsible shipowners and deteriorating maritime safety standards.
Novatek, a Russian LNG producer, defied Western sanctions by sending the Everest Energy tanker through the Northern Sea Route. Despite lacking proper permits and sailing under a defunct flag, the vessel completed the journey to Asia. This risky move showcases Russia’s determination to market LNG in the face of sanctions and challenges in international shipping.
Palau suspends flags of Russian LNG tankers, halting operations due to AIS signal tampering. Investigation shows potential cargo losses and challenges for Novatek. Delays impact marketing efforts and finding buyers for sanctioned cargo from Arctic LNG 2 project. Complexity and restrictions in LNG shipping industry highlighted. Shadow fleet remains inactive in Russian waters.
