Mon Sep 16 16:13:10 UTC 2024: ## U.S.-Sanctioned Company Picks Up LNG Cargo from Russia’s Arctic LNG 2
**SINGAPORE -** A vessel managed by a company under U.S. sanctions has transported the fifth cargo of liquefied natural gas (LNG) from Russia’s Arctic LNG 2 project, according to ship tracking data. The Arctic LNG 2 project, owned by Russia’s Novatek, is also subject to Western sanctions due to Russia’s ongoing war in Ukraine.
The Asya Energy vessel, managed by India-based Ocean Speedstar Solutions, loaded the LNG cargo at the Arctic LNG 2 plant on September 15th. Ocean Speedstar Solutions is subject to U.S. sanctions and has not responded to requests for comment.
Novatek, the owner of the Arctic LNG 2 project, has previously denied allegations that it is operating a “shadow fleet” for the project.
This incident raises concerns about the effectiveness of sanctions imposed on Russia and highlights the potential for circumvention through the use of sanctioned companies.
**Further developments in the maritime industry:**
* The U.S. container shipping industry is facing a potential labor strike that could disrupt operations at East and Gulf Coast ports.
* Svitzer, a global leader in towage services, has announced a contract with Turkish shipyard Uzmar to build the world’s first battery-methanol tug.
* Russia’s LNG shadow fleet is facing delays with no completed deliveries since the first cargo was lifted six weeks ago.
These stories and more are available at gCaptain.com, a leading source for maritime and offshore news and analysis.
First Piper 