The rise in Ship-to-Ship (STS) transfers of Russian oil products – driven by sanctions, seasonal ice conditions, and tanker shortages – has introduced a significantly higher safety risk profile that extends well beyond commercial considerations. While STS operations...

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A quick follow-up to yesterday’s note with additional confirmed vessel movements for 15 April. We recorded 8 confirmed crossings across dry bulk, tanker and gas segments, in line with the post-blockade slowdown highlighted previously. Activity remains below the 8–12...

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One week after the ceasefire was announced, the maritime system has not returned to open navigation. Instead, the ceasefire has introduced a more complex operating environment, with continued vessel movement but no consistent framework for access or navigation. In the...

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For Pacific Island countries, the Middle East crisis is not a distant geopolitical event. It is already showing up in higher fuel prices, electricity uncertainty and fears that communities sitting at the far end of global supply chains could be pushed into deeper...

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