Special Rupee Vostro Accounts were opened by Russian banks at 14 Indian commercial banks, based on guidelines issued by the RBI in July 2022.
August 3, 2023Shipping groups are reportedly seeking to insert clauses in their contracts that would allow them to cancel deals with Chinese counterparts due to sanctions.
May 17, 202369.2% of vessels with unknown beneficial owners have engaged in risky or sanction-violating behaviour, report finds.
April 21, 2023A paperless live shipment from Singapore to Thailand was successfully conducted through collaboration between IMDA, ExxonMobil, VLK and Bunkerchain.
April 4, 2023The agreement, which still needs formal endorsement, will accelerate the pace at which energy-intensive companies are obligated to reduce emissions.
December 22, 2022The 85-year-old Public Service Act has been amended to allow full foreign ownership in the airlines, telecommunications, shipping, railway and irrigation sectors.
March 27, 2022C4ADS says fraudulent ship registrations created with the IMO are being used to 'launder' the identity of vessels associated with illicit activities.
September 16, 2021Banks facilitating transactions involving maritime trade must put in place systems and processes to detect illicit activity that could result in a breach of sanctions regulations.
June 2, 2021The new contracts offer participants more precise hedging tools as a recovery drives demand for iron ore and minor bulks, SGX said.
April 22, 2021