Understand the impact of the Ukraine conflict from a cross-sector perspective with the Global Data Executive Briefing: Ukraine Conflict
Russia-based shipping company Sovcomflot has re-routed its tankers to the Bahamas after failing to deliver cargoes amid sanctions imposed on Russia for its invasion of Ukraine, reported Reuters.
Go deeper with GlobalData
Vessel tracking data indicated the diversion of up to three tankers from the Russian state-owned company to the Bahamas.
The US placed Sovcomflot on the blacklist last month.
Britain and Canada have also banned vessels carrying Russian flags or owned by Russia from entering their ports.
The news agency stated that Sovcomflot oil and refined products tankers SCF Don, SCF Neva and SCF Ussuri were given permission to dock in the Bahamas after re-routing from other countries, according to Refinitiv Eikon tracking data.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataTo avoid direct dealings with Russia-related assets at terminals, some of the vessels have started using the Bahamas for ship-to-ship transfers, Reuters said, citing an insurance industry source.
Bahamas foreign affairs minister Fred Mitchell stated that the country has not taken a formal decision on sanctions.
“It’s an evolving story. I will brief the parliamentary group this evening and will brief the Cabinet in the morning,” he was quoted as saying.
The US, which has not yet broadly banned other Russian tanker operators, is now eyeing energy sanctions to intensify pressure on Russia’s economy.
