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.

Europe must replace all seaborne crude imports from Russia within the next few weeks. Crude tanker owners stand to gain.

Product-tanker share prices are up triple digits year to date as investors position for sanctions upside.

The “shadow fleet” is not large enough to save Russian oil exports from Western sanctions, according to multiple analysts.

The EU is going to ban imports of Russian crude and petroleum products. It still has a long way to go to find replacement supplies.

The G-7 plan to squeeze Russia’s oil profits hinges on the EU revising its own sanctions. Those revisions face opposition.

Sanctions have put two of Volga-Dnepr’s three cargo airlines out of action. The Russian airline is grasping for lifelines.

Fallout from the Ukraine-Russia war and concerns over power supply in Europe and Asia support demand for seaborne coal.

Kpler: Russian crude exports in April highest since June 2019

Amsterdam airport lost a major cargo customer because of Russia’s invasion of Ukraine.

Without sanctions, tankers will keep loading Russian oil. ‘We’re not taking a moral high ground,’ says Frontline’s CEO.

“The only reason for an oil tanker to go to Saldanha Bay is to unload the oil into storage,” says an industry consultant.

Air Lease Corp. is writing off $800 million worth of aircraft it can’t reclaim from Russian airlines – another reason leasing could be more expensive.

The U.S. government is preventing the sale of any item to a Russian cargo airline it accuses of flying U.S.-made aircraft in violation of sanctions.

Russian imports via ocean, truck, rail and air are now being simultaneously squeezed. Shipping data shows growing pressure.

The air cargo market turned negative in March, after a strong February, because of the Ukraine war. Analysts say inflation and lower export orders could signal less shipping activity ahead.

The United States has imported a relatively small share of crude oil from Russia, but U.S. imports of petroleum products from Russia — namely, unfinished oils and fuel oil.

AirBridgeCargo has stopped flying its large Boeing 747 cargo jets because of U.S. and European sanctions on Russia.

Getting Russian aircraft in the air to fly home is like aiding and abetting a criminal, the U.S. says. Penalties will apply.

Fancy a Moscow mule or White Russian? Get ready to change brands.

The knock-on effects from the Ukraine crisis are being felt across the business world, not least in air cargo.

Protecting freedom in Ukraine will require economic sacrifice by many. Air cargo is already feeling the pinch.

The United States is closing its airspace to all Russian aircraft as punishment for invading Ukraine, President Joe Biden said in his State of the Union address to the nation Tuesday night. “I am announcing that we will join our allies in closing off American airspace to all Russian flights — further isolating Russia — […]

Container lines and tanker owners rapidly and preemptively suspend business with Russia.

Air cargo is facing more headwinds because of the Ukraine crisis, but some industry players could gain business.

Western sanctions on Russia will have a devastating impact on all-cargo airline Volga-Dnepr. Shippers will feel some pain too.

Tanker and dry bulk trades could be disrupted; container shipping faces heightened risk of cyberattacks.

An attack on Ukraine could hike costs for shipowners and cargo shippers across the globe.

Democratic Senators Charles Schumer and Sharrod Brown say sanctions should target not only the responsible Russian government agencies and officials, but President Vladimir Putin.

The Commerce Department wants to further restrict U.S.-origin items that could assist in nuclear and missile weapons development and diversion efforts in the two countries.

The Office of Foreign Assets Control has added the Swiss-based oil brokerage arm of Rosneft Trading to the SDN List for its recent arrangements to transport sanctioned Venezuelan oil.

The Treasury Department’s Office of Foreign Assets Control identified Moscow-based Maritime Assistance LLC as the head of a “sanctions evasion scheme” to deliver jet fuel to Syria.

U.S. companies with business in Russia — even those not engaged in chemical or biological exports — should understand the sanctions to avoid compliance exposure, export compliance experts say.

The U.S. State Department’s Bureau of International Security and Nonproliferation said it will move forward with the imposition of a second round of trade sanctions against Russia.