Russian sanctions

Ocean shipping kept the world’s cargo flowing amid two wars and disruptions at both the Panama and Suez canals.

The volume of Russian crude exports is growing and the price is rising, spurring the U.S. and its partners to begin sanctions enforcement.

Diesel is an essential fuel for the global economy. The world’s second-largest seaborne supplier, Russia, just halted exports.

Price caps have been breached, discounts on Russian exports are dwindling, and more money is flowing to Russian coffers.

Tanker shipping sanctions compliance is getting a lot more complicated as the price of Russian crude oil rises.

The Wagner mutiny is drawing attention to what happens after the war in Ukraine ends. When it does, shipping will see major changes.

Older ships are being kept in service longer in pursuit of profits, heightening the risk of accidents and spills.

Mainstream tankers have moved into the Russian crude export trade. The price cap might push them back out again.

More Western tankers are jumping into the Russian trade — legally, under the price cap — to pocket big freight premiums.

Crude production cuts are inherently bad for tanker shipping, but analysts are downplaying the fallout.

Tanker capacity for diesel is already tight amid war fallout. With very few ships on order, future transport capacity could fall short.

With virtually no new ships on order and demand strengthening, the tanker business seems poised for a bull run.

After a year of sanctions and “self sanctions,” shipping cargoes caught in the crossfire continue to find their way to buyers.

Sanctions have split the world’s tanker fleet in two. On one side, those that follow Western rules; on the other, those that don’t.

Russian crude restrictions are having the predicted effect on tanker trades, soaking up more vessel capacity as sailing distance lengthens.

Sanctions on Russian crude exports have yet to boost tanker rates. Some question whether sanctions on Russian diesel will either.

The predicted boost to tanker rates from Russian crude disruptions has yet to materialize. Instead, rates have declined.

Even if no oil moves under price caps, Russian exports could face deep discounts and continue to flow via “shadow tankers.”

United Kingdom sanctions put CargoLogicAir on verge of going out of business.

Some VLGCs carrying propane and VLCCs carrying crude have joined LNG carriers in shipping’s six-figures-per-day club.