A high-risk tanker that was transmitting the fraudulent flag registry of Malawi transited the Suez Canal on July 18, in breach of the Suez Canal Authority’s rules of navigation. Malawi is designated as a fraudulent registry by the International Maritime Organization, which lists the EU- and UK-sanctioned tanker Night Glory (IMO 9319674) as falsely flagged....
European-owned vessels are now exporting nearly 40% of all Russian oil. This not only blunts the impact of sanctions on Russia but introduces new trade patterns that require greater risk management for marine service providers, including insurers and charterers. Windward analysis of June tanker activity shows that 37% of Russian-origin crude and refined products were...
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