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The United States increased sanctions against Russia! Three shipping companies choose "rapids to retreat"
Nov 28,2023
Recently, according to Reuters, as the US Treasury Department increased sanctions on companies and ships that violated the price ceiling, three large Greek shipping companies have stopped transporting Russian oil.
Three shipping companies pull out of oil trade
It is understood that the three shipping companies involved areMinerva Marine,ThenamarisandTMS Tankers.
Previously they had been active carriers of Russian oil and fuel9-10Only in January began to reduce participation and recently rejected it.11Transportation of Russian crude oil in the month and beyond.
At the same time, according to the information, the above three Greek shipping companies operate.100A number of tankers, capable of handling almost all oil exports from Russia's European ports of Primorsk, Ustjiluga and Novorossiysk.
Monthly export volume is about1000Tons per day.240million barrels.
For this matter, the shipping companyThenamarisIt says it does not comment on commercial matters. AndMinerva MarineandTMS TankersIt did not respond to a request for comment.
It is understood that these three shipping companies choose“Rapids retreat”The main reason is that the United States has recently surpassedG7Strict sanctions have been imposed on shipping companies and ships transporting Russian oil at the group's ceiling price.
Last year12month,G7The group has set a ceiling on the price of Russian oil per barrel.60S. dollar and only transport Western companies to provide insurance and other services for transporting Russian oil below the price cap.
This year2Month5A similar price limit was extended to Russian refined petroleum products, with a price cap100USD/Barrel.but due“Shadow Tanker”The emergence of the fleet, the price cap sanctions did not work.
In fact, as early11In the middle of the month, due to moreG7The group capped the price of Russian oil, and three shipping companies and three ships were sanctioned by the United States.
The sanctioned shipping companies and ships areKazan Shippingand affiliated ships“Kazan”the wheel,Progress Shippingand affiliated ships“Ligovsky Prospect”Wheel andGallion Navigationand affiliated ships“NS Century”Wheel.
In response, the U.S. Treasury Department said that the three UAE-based shipping companies and three ships were all higher than per barrel. 60 The price of the dollar cap transported Russian crude oil and used American services in the transit.
And in this year's10Early in the month, the Turkish shipownerIce Pearl Navigation ASand UAE shipownersLumber Marine SAS, and associated vessels“Law Golden Bosphorus”Wheel and“SCF Primorye”the wheel,US sanctions were imposed for the same reason.
The US has increased sanctions again.
In addition, according to the latest commodity market report released by the World Bank, the average price of Russian crude oil has exceeded the ceiling for more than three consecutive months,8The official benchmark price of Urals crude oil still exceeded the average per barrel in January.80S. dollars.
In this regard, the United States has further increased sanctions. From10Since the beginning of the month, five have exceededG7The owners of tankers and five ships carrying Russian oil at the group's ceiling price were subject to US sanctions, includingIce Pearl Navigation ASand affiliated ships“Law Golden Bosphorus”Wheel.
Lumber Marine SASand affiliated ships“SCF Primorye”the wheel,Kazan Shippingand affiliated ships“Kazan”the wheel,Progress Shippingand affiliated ships“Ligovsky Prospect”wheel and so on.
Previously, the U.S. Treasury Department also issued a letter to the Covenant.30Ship management companies in several countries have issued notices requesting information on suspected violations of Western sanctions against Russian oil.100Information about a ship.
This development has had some impact on the number of shipping companies transporting Russian oil, but traders say there are still enough shipping companies on Russian routes.
Over the past year, the Russian oil trade has generated huge revenues for shipping companies that take risks and continue to operate.Last winter, freight rates for Russian oil shipments per tanker voyage from Baltic ports to India soared1500million dollars.
Earlier, a trader involved in Russian oil shipments said that the shadow tanker fleet may not be enough to transport all the Russian oil.
He pointed out that the main reason is that Russian oil is now going through8To10It takes two weeks to reach Asian customers, while before the sanctions, oil was sold in Europe in just two weeks. This means that trade requires more tankers.
However, traders said that Russia seems to be dealing with this situation because of the intervention of other shipping companies.
In addition, according to data provided by traders and shipping agencies, Russia currently relies mainly on its shipping companies.Sovcomflotand many shipping companies registered in the UAE, India, Hong Kong and other places.
These ships fly the flags of Liberia, Cook Islands and other countries.
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