The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has sanctioned a network of companies that are alleged to be selling fraudulent flags to the Iranian regime’s shadow fleet. The action forms part of Operation Economic Outcast, which is the Trump Administration’s campaign to cut off revenue to the regime in Iran. A statement issued by OFAC notes that for over 10 years, India-based Suniel Kumar Sharma and his wife, Jaspreet Preeti Shahid, have set up companies that pose as the flag registries and maritime service providers of countries and jurisdictions such as Guyana, Eswatini, Aruba, Mali, Mozambique, Malawi, […]

LNG supplier REV LNG and Siem Car Carriers have announced a partnership to supply LNG to Siem’s fleet in the U.S. Northeast. In a statement issued this week (5 November), Jeffrey Campbell, President, Siem Car Carriers, said the partnership ‘gives our ships the fuel they need on this side of the Atlantic, and it gives our team another supplier that we can build with for years to come.’ The announcement comes after REV LNG bunkered Siem Car Carriers’ pure car and truck carrier Siem Aristotle with LNG via a truck-to-ship delivery completed in October. According to REV LNG and Siem […]

The surge in conventional bunker prices triggered by the Iran war and compounded by the implementation of RED III in the Netherlands has ‘completely turned around’ FuelEU Maritime bunkering strategies, with owners and operators favouring biodiesel over MGO to reduce compliance costs. The discussion Rules-based order: how regulation is impacting – and complicating – the business of bunkering,hosted at the ARACON conference in Rotterdam organised by ship.energy from 21 to 23 October, brought together panellists representing bunker suppliers, FuelEU pooling platforms, ship owners, and operators to discuss the impact of EU regulations on shipping and bunkering in the last year. […]