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Bosporus Strait News

13 Dec 2022

Smart Sanctions: West Targets P&I Clubs to Limit Russian Shipping

© lotusstock / Adobe Stock

The European Union and the United States are now targeting maritime protection and indemnity (P&I) insurance clubs to limit Russian shipping capacity and cap the price of its oil, meaning we’re finally beginning to see some smart sanctions for a stupid war.P&I clubs are maritime insurance groups that specialize in open-ended, large-risk claims. P&I insurance is a requirement for all heavy cargo and container vessels. Under the new sanctions, European P&I clubs can no longer offer insurance to a vessel carrying Russian oil at a price higher than $60 a barrel.Since February 2022…

01 Aug 2022

First Ukraine Grain Ship Leaves Odesa Following Export Deal

A ship carrying grain left the Ukrainian port of Odesa for Lebanon on Monday under a safe passage agreement, Ukrainian and Turkish officials said, the first departure since the Russian invasion blocked shipping through the Black Sea five months ago.Ukraine's foreign minister called it "a day of relief for the world", especially for countries threatened by food shortages and hunger because of the disrupted shipments.The sailing was made possible after Turkey and the United Nations brokered a grain-and-fertilizer export agreement between Russia and Ukraine last month - a rare diplomatic breakthrough in a conflict that is grinding on with no resolution in sight."The first grain ship since #RussianAggression has left port," Infrastructure Minister Oleksandr Kubrakov said.

30 May 2014

Third NATO Warship Enters Black Sea

A French frigate has entered the Black Sea, growing the number of NATO surface warships in the region to three, according to a U.S. Naval Institute (USNI) news report citing a ship spotting blog and Russian press reports. Surcouf (F711), a La Fayette-class frigate was spotted by amateur photographers crossing the Bosporus strait on Wednesday joining French signals intelligence ship Dupuy de Lôme (A759) and U.S. guided missile cruiser USS Vella Gulf (CG-72) – both which entered the region earlier this month. In reaction to the increased NATO naval presence in the region, Russian officials said they would begin to fly more air patrols over the Black Sea. According to USNI U.S. and NATO ships have had a rotational presence in the Black Sea since the 2014 Olympics in Sochi, Russia.