The Trump administration imposed sanctions on Iranian oil trading networks on Thursday, including on a China-based crude oil storage terminal linked via a pipeline to an independent refinery, just days before direct talks between the U.S. and Iran.The sanctions came after Secretary of State Marco Rubio said the U.S. will hold direct talks with Iran on Saturday in Oman. President Donald Trump said on Monday that Iran would be in 'great danger' if the talks were unsuccessful…
Panama's maritime authority (AMP) said on Monday it has launched a process to cancel the registrations of 17 vessels included in a list of sanctions from the U.S. Treasury's Office of Foreign Assets Control (OFAC).'The AMP has tightened its…
At least two vessels loaded with Russian oil bound for refiners in India have diverted to other destinations following new U.S. sanctions, trade sources said, and LSEG trade flows showed.The U.S. Treasury Department this week imposed sanctions on more than 115 Iran-linked individuals…
An Indian company shipped $1.4 million worth of an explosive compound with military uses to Russia in December, according to Indian customs data seen by Reuters, despite U.S. threats to impose sanctions on any entity supporting Russia's Ukraine war effort…
An oil tanker carrying Russian Urals crude has been diverted away from the EU-sanctioned Nayara Energy's Vadinar port in India to unload its cargo at the port of Mundra, according to shipping data and four industry sources on Thursday.Two tankers…
Freight rates for Russian oil shipments from the Baltic Sea ports to India have fallen in July-August as more tankers have become available, but this could change if new sanctions are imposed on Moscow, two traders said.The European Union is finalising its 18th sanctions package on Russia…
The General Directorate of Merchant Marine (DGMM) of the Panama Maritime Authority (PMA) has issued a series of warnings to Panamanian-flagged vessels due to rising tensions in the Middle East, through Maritime Notice MMN-04/2025.The DGMM highlighted…
Russia's leading tanker group Sovcomflot plunged to a net loss of $393 million in the first quarter, blaming the slump on new Western sanctions that have led to operational problems, lower revenues and some vessels sitting idle.Sovcomflot's…
During the first quarter of 2025, Russian oil exports have fallen 6% year-on-year. Clean tanker exports were down 13% while dirty tanker exports fell 4%. “Despite the fall, it appears that exports have mostly been unaffected by the recent sanctions…
Chinese state oil companies are shying away from Russian oil this month, with two importers halting purchases while two others scaled back volumes as they assess compliance following recent U.S. sanctions on Moscow, multiple trade sources said…
Saudi Arabia's crude oil shipments to its biggest customer, China, are expected to drop to their lowest level in more than a year in April, trade sources said on Thursday, partly due to maintenance programmes at Chinese refineries owned by Sinopec…
The EU has just adopted its 16th sanctions package against Russia. The package targets systemically important sectors of the Russian economy such as energy, trade, transport, infrastructure and financial services.To curb the risk of our sanctions being bypassed…
U.S. President Donald Trump said on Tuesday he is in no hurry to speak to Chinese President Xi Jinping to try to defuse a new trade war between the world's two largest economies sparked by his sweeping 10% tariffs on all Chinese imports.China imposed targeted tariffs on U…
“When a country that exports large quantities imposes tariffs, it risks working against its own interests,” says Stamatis Tsantanis, Chairman & CEO of Greek shipping companies Seanergy Maritime and Maritime United.“Other nations adjust by sourcing commodities elsewhere…
Oil prices slipped on Monday after U.S. President Trump called on OPEC to reduce prices following the announcement of wide-ranging measures to boost U.S. oil and gas output in his first week in office.Brent crude futures LCOc1 dropped 53 cents…
