US president donald Trump unveiled sweeping sanctions on Russia’s leading oil producersRosneft and Lukoil, this week in his broadest energy campaign since returning to office. Aimed at forcing Moscow into peace talks, the measures isolated the companies from the US banking and dollar systems. The move is expected to halt Russian crude exports to India, and for Chinese refiners to also suspend their Russian purchases, redraw global tanker trade routes, and boost demand for non-Russian oil on long-haul voyages. The EU and UK have also hit Russia with coordinated sanctions targeting entities linked to China and Russia’s growing shadow fleet.
Konstantinos Kyriakopoulos, CEO and co-founder of DeepSea, was this week’s big maritime CEO interview. “We have gone through the era of half-baked proof of concepts, and every operator has been burned at least once or twice in the process. But the industry has come out stronger,” said Kyriakopoulos. maritime CEOarguing that this tech wave will be driven by three things: adoption, not fragmentation, and results.
As always, Splash has had plenty of options to choose from when it comes to excellent opinion pieces this week. If you haven’t already, check out this exclusive on geopolitics and shipping from Neil Shearing, Group Chief Economist at Capital Economics,and author of this year’s bestseller, The Fractured Age.
With flagging out becoming a standard operating procedure for the parallel (or parallel) fleet, the monthly changes in registry numbers have never been as extreme as this year, as the latest Splash Wrap podcast explains.
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