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US sanctions Indian company for involvement in ‘Ghost Fleet’ transporting Iranian oil

by AIP Online Bureau | Oct 12, 2024 | Eco/Invest/Demography, International News, Regulation

Under the sanctions imposed on Gabbaro, all property and any in which it has interests are frozen in the US and this applies also to persons or entities with more than 50 per cent interest in the company, the State Department notification said New York: The United...

World’s ghost fleet in focus over US Russian price cap crackdown

by AIP Online Bureau | Oct 26, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

One tier relies on vessels known as the ghost fleet that are past their traditional lifespans, meaning they are at greater risk of leaks and spills. The other tier comprises mainstream vessels that use Western services for legal oil shipments, including from Russia...

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