The Panama Maritime Authority has imposed strict new rules requiring tankers flying its flag to submit detailed advance notices for ship-to-ship oil transfers or risk losing flag privileges, targeting Russia’s shadow fleet. The move aims to dismantle anonymity loopholes while protecting Panama’s reputation as a responsible flag state.
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Estonia has released the oil tanker Kiwala, a vessel on the EU sanctions list, after detaining it for sailing without a valid flag, highlighting challenges in enforcing sanctions against Russias shadow fleet of unregulated tankers. The tanker was allowed to resume its journey after Djibouti unexpectedly provisionally accepted it into its registry.
Read More“Chevron’s century-long oil saga in Venezuela is coming to an abrupt end. With a 30-day deadline to halt operations, the U.S. energy giant faces a high-stakes exit from one of the world’s most politically volatile oil markets. What does this mean for global oil prices, Venezuela’s economy, and Chevron’s future? Dive into the story behind the headlines.”
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