By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
OOLP Maritime World NewsOOLP Maritime World News
  • Home
  • Maritime News
    • Top stories
    • Global Maritime
    • International Shipping
    • Cruise
    • Ports
    • Security & Piracy
  • Live Marine Traffic
  • Events
  • Company
    • About OOLP
    • Contact us
  • Blog
Reading: EU prepares to sanction Russia’s ‘shadow fleet’ of oil tankers
Share
Notification Show More
Latest News
Port of Los Angeles adopts $2 billion fiscal year 2023/24 budget
Port news
Larger vessel gains help Baltic index to post best week in 3 months
Shipping news
Dry Bulk Market: Weak Coal Demand is Hurting the Market
Top stories
Heroic Idun Crew Boards Flights Ending 10-Month Ordeal
Global Maritime News
Oil shipments out of Peru’s Amazon region attacked 
Global Maritime News
Aa
OOLP Maritime World NewsOOLP Maritime World News
Aa
Search
  • Home
  • Maritime News
    • Top stories
    • Global Maritime
    • International Shipping
    • Cruise
    • Ports
    • Security & Piracy
  • Live Marine Traffic
  • Events
  • Company
    • About OOLP
    • Contact us
  • Blog
Follow US
© 2022 - All Rights Reserved. OOLP News.
OOLP Maritime World News > Shipping news > EU prepares to sanction Russia’s ‘shadow fleet’ of oil tankers
Shipping news

EU prepares to sanction Russia’s ‘shadow fleet’ of oil tankers

Last updated: 2023/02/18 at 9:31 AM
135 Views
Share
2 Min Read
SHARE


The European Union is preparing new sanctions against shipping company SUN Ship Management Ltd, which helps Moscow with illicit oil shipments circumventing EU’s restrictions on trade with Russia, Politico reported on Feb. 14.

According to them, the company secretly hosted 92 ships of Russian state-owned company Sovcomflot in April 2022. It was done in order to organize the secret transportation of Russian oil in the event of future sanctions against Russia.

Currently, the company, formerly called SCF Management Services, has become one of the main sources of profit for Russia. SUN Ship Management has standing contracts with a large number of countries.

- Sponsored Ads -

SUN Ship Management Ltd is based in Dubai, with main beneficiaries being UAE and Russian citizens. The company’s tankers are engaged in the transportation of oil under the flags of Liberia and Cyprus. On average, they hold at least 150,000 tons of oil.
Source: The News Voice of Ukraine



You Might Also Like

Larger vessel gains help Baltic index to post best week in 3 months

LNG innovation at the forefront: International exhibition showcases industry excellence

Bonn climate conference updated on IMO shipping decarbonization work

The International Propeller Club of the United States, Port of Piraeus and the U.S. Embassy in Athens launch the Annual “Hellenic-American Shipping Gala”

admin February 18, 2023
Share this Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Copy Link Print
Previous Article Spot premiums, margins for VLSFO at one-month lows
Next Article Dalian iron ore scales contract high on China demand hopes
- Advertisement -

Latest News

Port of Los Angeles adopts $2 billion fiscal year 2023/24 budget
Port news June 9, 2023
Larger vessel gains help Baltic index to post best week in 3 months
Shipping news June 9, 2023
Dry Bulk Market: Weak Coal Demand is Hurting the Market
Top stories June 9, 2023
Heroic Idun Crew Boards Flights Ending 10-Month Ordeal
Global Maritime News June 9, 2023

OOLP maritime news is a portal that gets latest updates and happenings from the maritime & cruise industry across the globe.

Top maritime stories

Global maritime news

International shipping news

Cruise news

Maritime ports

Security and piracy

About OOLP news

Contact us

Live maritime traffic

Events

Blog

Follow US

© 2023 - All Rights Reserved. OOLP News.

  • Cookie Policy
  • Terms & Conditions
  • Disclaimer
  • Privacy Policy

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?