Maritime authority said it would continue to prevent transit through national waters unless insurers provide letter of guarantee, despite talks held on Wednesday between the US and Turkish governments

Share sale comes as Frontline shareholders asked to vote to redomicile company ahead of planned merger with Euronav

Upheaval following ban and price cap launch on December 5 is now starting to affect Kazakh crude shipped from Russia, even though it is not included in the sanctions

The $60 oil price cap — which comes on top of the EU import ban on Russian seaborne crude oil and oil products, and the corresponding bans of other G7 partners — is intended to reduce the revenues Russia earns from oil. But what does this mean for shipping?

Insurers are key to the effectiveness of the European and G7 embargo on Russian seaborne crude that begins on December 5

Russian tankers and dark-fleet vessels accounted for 44 out of 172 voyages monitored, revealing a serious shortfall of available tonnage after December 5 if shipments do not conform with an as-yet undecided oil price cap