ANONYMOUS CHINESE SHIPOWNER SPENDS $376 MILLION ON 13 TANKERS FOR RUSSIAN SHIP-TO-SHIP TRANSFER HUB

On 9 August, Lloyds List reported that these are intended for a transhipment hub established mid-Atlantic to consolidate Russia-origin oil cargoes and described as “high risk”.  Lloyds List says that it has identified the use of many separate but interconnected single-ship shelf companies, and says that all the ships are aged 15 years or older, precluding them from chartering by most oil majors, as well being unable to secure conventional financing, suggesting the beneficial owner is cash rich.

https://lloydslist.maritimeintelligence.informa.com/LL1141873/Anonymous-Chinese-shipowner-spends-$376m-on-tankers-for-Russian-STS-hub

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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