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Ship added to EU sanction list

The European Union has adopted its newest sanctions package on Dec 16, 2024, at the Foreign Affairs Council meeting, adding 52 new vessels, among them the 'Galaxy', to the sanctions list that have been deemed by the EU to be supporting Russia’s war machine. The vessels that have been sanctioned are primarily involved in circumventing the oil price cap mechanism implemented by the West, in arms deliveries, and in the transportation of stolen grain. This latest package has brought the total number of vessels sanctioned by the EU to 79. The majority of the vessels are involved in the transport of Russian oil and in transporting arms for the Russian military. The sanctions package also targets a total of 54 individuals and 30 entities that are deemed to be bolstering Russia’s war effort. Among them, there are also entities and individuals in China and North Korea who have been deemed to be supplying Russia with dual-use materials to support Russia’s military efforts. Two senior North Korean officials and seven Chinese individuals and companies have been targeted in the latest sanctions. The purpose of the sanctions has been defined to increase the operational costs for Russia by banning them from ports in the EU and hindering them from receiving maritime services.

New Charter fixed

100.000 t dirty from Murmansk to UK/Continent 08.11.2019 Rate WS 105

Sovcomflot’s crude oil tanker becomes the first to cross Northern Sea Route using LNG fuel

On 2 September 2019 at 08:20 Moscow time, Korolev Prospect, Sovcomflot’s LNG-fuelled Aframax crude oil tanker, successfully completed a commercial voyage along the Northern Sea Route (NSR), Sovcomflot says in a press release. For the first time in the history of shipping, a large-capacity oil tanker has crossed the full length of the NSR using only cleaner-burning LNG fuel. The voyage from Cape Zhelaniya to Cape Dezhnev took 7 days and 6 hours to complete, during which the tanker covered a distance of 2,118 nautical miles at an average speed of 12.2 knots.