Seized yachts could pose a ‘significant risk’ to ports, harbours and marinas if there is no requirement to ensure mega yachts detained under sanction rules are properly maintained, made safe or deactivated. This warning was issued by Van Ameyde McAuslands,...
Shell’s leaving Russia will cost the energy company between USD 4 and 5 billion. The company previously reported a depreciation of around USD 3.4 billion but has upped the figure in its first quarter 2022 outlook. At the beginning of March, Shell announced it...
The Netherlands is known for its high-quality superyacht construction, but this flourishing industry will now also be impacted by the sanctions imposed on Russia for invading Ukraine. So far, the Dutch government has detained fourteen yachts. In order to implement the...
The conflict in Ukraine has prompted the European Union and other bodies to impose a number of sanctions on Russia. The extensive import of energy (crude oil, oil products, LNG, coal) is not (yet) affected by sanctions, but the export and transshipment of containers...
Dutch shipbuilder Damen has announced it will no longer deliver ships to Russia to comply with EU sanctions as a result of Russia’s invasion of Ukraine. The decision impacts both existing contracts and new contracts. Different Dutch media report that among the...
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