Update to Circular dated 7 March 2025 regarding the recent sanctions against Russia: EU FAQs related to the Infrastructure Transaction Ban (Article 5ae of Council Regulation EU no. 833/2014)
We have issued London Circular L.447 and Europe Circular E.103 providing Members with information concerning the decisions, notably relating to renewal and capital distribution, made at the Board Meeting held on 22 October in Miami.
Escalating security concerns in the Southern Red Sea and Gulf of Aden, five major maritime organizations have collaborated to issue updated safety protocols for vessels sailing through these waters. Jointly developed by BIMCO, ICS, INTERCARGO, INTERTANKO, and OCIMF, the guidance…
According to information in IMO’s GISIS module on piracy and armed robbery, 150 incidents were reported to the Organization as having occurred or been attempted in 2023. In 2022, 131 incidents were reported, whereas the number was 172 incidents in…
The Houthi leadership said on television late last week that its forces had boarded the now sunken Tutor (IMO 9942627), hastening its sinking, while making a similar threat to the abandoned bulker Verbena (IMO 9522075) still afloat and drifting in…
The Yemen-based Houthi militia claimed on Sunday that on Saturday June 22nd they had conducted a military operation – in conjunction with the Islamic Resistance in Iraq militants – that had targeted four ships in the northern Israel port of…
As anticipated the EU yesterday June 24th adopted a 14th package of sanctions against Russia that EU foreign ministers claimed would close some loopholes and would hit Russia’s gas exports for the first time. The truth of the matter, however,…
In its report on the 621st Meeting of the Board of Directors Japan Club provided an outline of the financial results for the 2023 business year. The Club said that it had continued to focus on improving its equity capital…
The vessel reported by UKMTO on Monday as being attacked has been confirmed as containership MSC Sarah V (IMO 9181675) – attacked 246nm southeast of Nishtun, Yemen. The Captain of the vessel reported an explosion in the proximity of the…
For the first time the EU is targeting specific vessels part of Russia’s dark fleet created to circumvent the oil price caps. In total the latest measures include designation of eleven crude oil carriers and five oil product tankers. The…
