Shipowner faces 5-year jail term in US for Iran sanctions busting
Behrouz Mokhtari shipped Iranian petrochemicals for more than four years using a network of businesses
Tankers
Minding their knitting: International Seaways staying out of Frontlne-Euronav drama
Ripples from the discord between two European tanker giants begin to wash up on New York’s shores
Fredriksen could go for Euronav ships after ditching bid, says Pareto
If John Fredriksen’s appetite is for steel and not shares, both Frontline and Euronav are stock market “buys”, believes Pareto
Researchers urge greater penalties for Russia price cap breaches
Russia is set to lose $300m oil revenue a day because of reduced exports and lower prices, says Finnish research centre
Gunvor wraps up $1.6bn loan facility to grow LNG business
Trading house commits to CO2 carbon emissions reporting of its LNG value chain
LR2 rates jump $14,000 as Scorpio Tankers reveals first quarter coverage
US-listed owner has also seen an increase in levels for handymaxes and MRs
Euronav accuses Frontline of breaching merger terms as it threatens legal action
Belgian owner concludes Fredriksen-led company has failed to provide a satisfactory reason for scrapping tanker tie-up
Ifchor and Galbraiths ink their planned merger to form new 300-person brokerage
Integration of two companies should be completed by end of first quarter
Indian-managed tanker switches P&I club during first Russian price cap voyage
Standard Club says ‘compliance with legal and regulatory obligations’ is a key part of running its business
Small print: merger clause rules out CMB’s actions as grounds for termination
Frontline may have to rely on other reasons to avoid potential legal action from Euronav