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Trafigura economist: Oil shadow fleet is growing due to sanctions

Posted to Maritime Reporter on September 8, 2025

Saad Rahim is the chief economist at Trafigura, a major trading company. He said that the shadow fleet of oil tanks has grown following Western sanctions against Russia for its war in Ukraine. The shadow fleet plays a crucial role in ensuring that Russian crude oil is available to buyers…

Data shows that Saudi Arabia and India were the largest buyers of Russian fuel in July.

Posted to Maritime Reporter on August 26, 2025

LSEG data and traders' reports show that Saudi Arabia and India were top destinations for Russian seaborne VGO and fuel oil exports. Middle Eastern and Asian nations are now the primary destinations of Russian fuel oil and VGO since the full…

French Navy intercepts Russian tanker in Mediterranean

Posted to Maritime Reporter on January 22, 2026

The French Navy?on Thursday intercepted in the Mediterranean a Russian oil tanker suspected of being part of 'the shadow fleet' that allows Russia to export its oil despite sanctions. This?operation was conducted... with support from several of our allies.

Analysts say that a sanctioned LNG tanker is responsible for the STS transfer off Malaysia.

Posted to Maritime Reporter on October 30, 2025

Two analytics firms report that a sanctioned LNG tanker picked up a cargo at a Russian export terminal, which was also subject to Western restrictions. The transfer appears to be the very first STS of Russian LNG sanctioned by the West, despite…

Black Sea delays cause Asia millers to buy more US Wheat at competitive prices

Posted to Maritime Reporter on September 16, 2025

According to grain traders attending an international conference, flour millers in Asia increased their imports of U.S. Wheat in recent weeks due to the competitive prices offered by American suppliers, and delays in Black Sea shipments. Two…

Saudi Arabia was the top buyer of Russian fuel in June, according to data

Posted to Maritime Reporter on July 23, 2025

According to traders and LSEG, Saudi Arabia was the number one destination for Russian fuel oil and vacuum gasoline (VGO) seaborne exports in June. The hot summer required increased energy consumption. The Middle East and Asia became the primary…

Data shows that Russia's fuel oil exports by sea fell in February.

Posted to Maritime Reporter on March 7, 2025

Trade and shipping data revealed that Russia's seaborne vacuum gasoil and fuel oil exports fell 15% from the previous months to around 3.3 millions metric tons in February due to lower production and weather conditions, including storms, delays and drone attacks.

Data shows that Russia increased its seaborne fuel oil sales to India and Turkey between May and June.

Posted to Maritime Reporter on June 20, 2025

Trade and shipping data revealed that Russia increased its seaborne fuel oil exports and vacuum gasoil to India and Turkey during May, as the falling oil prices attracted buyers and the hot summer season demanded more fuel. The oil price fell…

In UK court, Russian captain who was involved in US tanker accident pleads guilty to manslaughter

Posted to Maritime Reporter on May 30, 2025

The captain of the container ship which collided with a U.S. oil tanker near Britain's East Coast pleaded guilty to manslaughter through gross negligence in London on Friday. Vladimir Motin was a Russian citizen, aged 59. He was the captain…

Marcos, Philippines: Presence of Russian submarine is'very worrying'

Posted to Maritime Reporter on December 2, 2024

The presence of a Russian submarine in the Philippines exclusive economic zone in the South China Sea is "very worrying", said Ferdinand Marcos Jr. on Monday. "That is very worrying." Marcos said that any intrusion in the West Philippine Sea or our EEZ is very concerning.

LSEG data shows that India and Saudi Arabia were the top two buyers of Russian VGO fuel oil and VGO in October.

Posted to Maritime Reporter on November 11, 2024

LSEG data and traders' reports show that India and Saudi Arabia were top destinations for Russian seaborne VGO and fuel oil exports. According to calculations based upon LSEG data, the total fuel oil and VGO exported from Russian ports in October decreased by 3% compared to September.

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