EU Sanctions 24 Shipping Companies Including Gazprom and Lukoil
The European Council has rolled out a new round of sanctions targeting the foundations of Russia’s war economy, focusing heavily on its maritime operations, military suppliers, and domestic human rights violators. The EU sanctioned 24 entities and their ships accused of manipulating tracking systems (AIS), conducting ship-to-ship transfers, and operating without adequate liability insurance to […]
Europe’s sanction move on Iran is a serious threat to tanker markets
The United Kingdom, France, and Germany have initiated a 30-day process to re-implement United Nations sanctions against Iran. This action, includes restrictions on oil exports, financial transactions, and maritime transport. These sanctions were originally suspended under the 2015 nuclear deal, and their re-implementation is a response to Iran’s increased uranium enrichment activities. This move is […]