Russian oil tanker sanctions: Pressure on shadow fleet grows
Russian oil tankers are coming under increasing pressure due to the latest sanctions imposed by the USA, EU and the UK. Panama and Barbados have already cancelled several ships from their flag registers. The current sanctions against Russian oil tankers mean that many ships have to look for a new flag state. The sanctions are putting increasing pressure on Moscow's shipping network. After Panama has already removed almost 70 ships from its register, Barbados is now following suit: The Caribbean state's shipping registry announced that 46 ships from the Russian shadow fleet would be flagged out. The owners have been asked to take up the country's flag due to new British sanctions. Flag states play a central role in ensuring compliance with safety standards...
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