The “shadow fleet” is not large enough to save Russian oil exports from Western sanctions, according to multiple analysts.
The G-7 plan to squeeze Russia’s oil profits hinges on the EU revising its own sanctions. Those revisions face opposition.
Getting Russian aircraft in the air to fly home is like aiding and abetting a criminal, the U.S. says. Penalties will apply.
Russia’s aviation system is quickly being ground to a halt by sanctions.
Invasion and price spikes could destroy demand, weaken consumer confidence and curb cargo volumes, warns BIMCO.
Tanker and dry bulk trades could be disrupted; container shipping faces heightened risk of cyberattacks.
Belarus occupies a key spot on the Trans-Eurasian rail line and is on the flight path used by airlines between Europe and Asia. Freight transport could be a victim if the West imposes sanctions on Belarus for violating what considers international norms.
More forgiving sanctions approach would avoid rate surge seen after COSCO sanctions.
The Justice Department also said Huawei and its subsidiaries violated the RICO Act by stealing trade secrets and copyrighted works from six U.S. companies.
More tariff and sanction risks lie ahead for ocean shipping.
A bipartisan group of U.S. House and Senate lawmakers see export controls as a means to punish those Chinese officials and companies involved in human rights abuses in western China and Hong Kong.
The Hong Kong Human Right Rights and Democracy Act, which unanimously passed the House of Representatives on Oct. 15, puts pressure on Hong Kong to uphold U.S. export controls.
VLCC rates are now at or near $100,000 per day, courtesy of U.S. sanctions targeting China’s COSCO.
Treasury’s Office of Foreign Assets Control warns that companies providing bunker services must be careful not to violate the Iran sanctions, but there are exceptions.
The U.S. Treasury Department’s Office of Terrorism and Financial Intelligence is at the center of the country’s efforts to counter national security and terrorism financing threats.
The already dicey relationship between the U.S. and China could get even dicier after a new sanctions decision.
The goal of sanctions is to drive up the costs so that it’s no longer tenable to undertake illegal transfers. J.B. Hunt announces partnership with p44. Lithium boom raises questions. Industry incumbent C.H. Robinson doing big time tech.
Iran’s truckers are on strike in 100 cities for the second time this year, causing fuel shortages. Meanwhile, the Iranian rial is rapidly losing its value, and the country’s biggest crude oil customers are cutting it off.
Sanctions and the Iranian rial’s collapse could remove supply from global oil markets, spiking prices and spurring more production in the United States.
Volatility returns to commodity markets, with oil, aluminum, and nickel posting huge price increases. How long will these price shocks last, and how will they affect the economy?
