Sovcomflot’s Tankers Find Refuge in the Bahamas Amid Growing Sanctions
HOUSTON —At least three tankers controlled by Russian maritime powerhouse Sovcomflot FLOT.MM that have been unable to deliver their cargoes due to Western sanctions have re-routed to the Bahamas, vessel tracking data showed on Monday.
Sovcomflot oil and refined products tankers SCF Don, SCF Neva and SCF Ussuri since the weekend signaled the Bahamas as their destination, after rerouting from other nations, according to Refinitiv Eikon tracking data.
It showed that some of the vessels have begun discharging off the Caribbean nation through ship-to-ship transfers –– a move by some receiving companies to avoid direct dealings with Russia-related assets at terminals, an insurance industry source said.
Bahamian Minister of Foreign Affairs Fred Mitchell on Monday said the country has not made a formal decision over sanctions.
“It’s an evolving story. I will brief the parliamentary group this evening and will brief the Cabinet in the morning,” he said on the sidelines of an event in Nassau.
Bahamian Attorney General Ryan Pinder declined to comment.
The United States has not yet imposed a wider ban on other Russian tanker operators, but has said it is considering energy sanctions as it continues putting pressure on Russia’s economy.
- EVs Head for Junkyard as Mechanic Shortage Inflates Repair Costs
- Work Safety Group Releases List of ‘Dirty Dozen’ Employers
- Jury Awards $80M to 3 Former Zurich NA Employees for Wrongful Termination
- EPA Designates PFAS Chemicals as Superfund Hazardous Substances
- California Chiropractor Sentenced to 54 Years for $150M Workers’ Comp Scheme
- Poll: Consumers OK with AI in P/C Insurance, but Not So Much for Claims and Underwriting
- Mother of 8-Year-Old ‘Violently Sucked’ into Houston Hotel Pool Files Wrongful Death Suit
- Report: Vehicle Complexity, Labor ‘Reshaping’ Auto Insurance and Collision Repair