The Russian tanker ghost fleet:
Its formation, how it operates and continued risk for sanctions compliance teams
April 25, 2024 | 10:00 AM – 11:15 AM NYC
Sponsored by: 
FREE Webinar
CSS Credits: 1.25
Duration:
75 minutes
Speakers:
- Jeremy Domballe
- Mark F. Esposito
- Max Tingyao Lin
- Byron McKinney
Moderator:
Alexander Witt CSS, Sanctions & Export Controls Consultant, ACSS
Date:
Thursday, April 25, 2024
Time:
- 10:00 AM – 11:15 AM NYC
- 03:00 PM – 04:15 PM London
- 04:00 PM – 05:15 PM Amsterdam
Description:
- S&P Global Market Intelligence first analyzed the Russian ghost/shadow fleet in December 2022, and the fleet numbered 443 vessels. Since this analysis, there have been multiple regulatory developments and new ships sanctioned.
- In this context, S&P Global Market Intelligence has updated its methodology and will share its latest results with our webinar audience.
- We will identify the number of ghost fleet ships and determine whether it has fallen or risen due to the latest OFAC sanction enforcement.
- We will deliver an understanding of the activity of the ghost fleet, where it is active, who it partners with and what happened to some of the high-profile corporates in this space after December 2022.
- The results will provide a deep dive into maritime asset ownership, including missing group owners, the rise of the single-ship fleet and its potential for sanctions evasion, and high-risk flag states. These will form a standard set of criteria for inclusion into a risk and compliance screening program.
- We will discuss how oil cargoes are assigned an HS Code, how correct these codes are, and the risk patterns present in the attestation process of the oil price cap.
Certificate of Attendance:
All active ACSS members will be able to download the certificate from the Learning Management System (under the achievements tab).
Event Registration
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ACSS Members who attend the live session can download their Certificate of Attendance from our member-only platform.
Speakers
Jeremy Domballe
S&P Global Market Intelligence
Jeremy works within the Industry Solutions team. A highly specialised unit with deep understanding of the divisions data assets and solutions, industry and use cases as to be able to partner with executives and businesses of all sizes around the world to identify growth opportunities, reduce global supply chain risk, assess markets, as well as assisting in providing transparency in the Maritime Domain Awareness (MDA) space, as well as risk & compliance within shipping.
He adds particular expertise in the area of maritime risk and compliance, whereby his analysis of deceptive shipping practises and illicit trading have helped to identify high risk assets and related entities. He has been featured in several webinars, reports and podcasts which vary in theme, but include topics such as Illegal, Unreported and Unregulated (IUU) fishing, Sanctions evasion, and the impact of Russia’s invasion of Ukraine, as well as writing several blog articles. Jeremy has six years of experience in the industry with a history of client support.
He holds a Bachelor’s degree in Environmental Hazards & Disaster Management, graduating from Kingston University, London and is fluent in French.
Mark F. Esposito
S&P Global Commodity Insights – CI Research & Analytics
Currently, he leverages his experience in the financial markets to provide a comprehensive evaluation of global exports and imports by aggregating market fundamentals and technicals to support the data. Since Russia’s invasion of Ukraine, significant attention has been devoted to analyzing shifting trade partnerships, the Russian fleet, ship-to-ship transfers, and the subsequent ramifications on the global oil supply.
Mark has contributed to articles in the Wall Street Journal focused on the Red Sea turmoil, offered insight into the role of sanctions on the global oil trade at Petrospot’s Maritime Week Americas conference, and highlighted the rerouting of vessels in the wake of the Panama Canal drought during S&P Commodity Insights’ 2024 Caribbean Energy Conference.
Before joining IHS Markit (now part of S&P Global), Mark spent six years in New York City brokering crude and refined products futures and options on behalf of global oil companies and international financial institutions.
Mark holds a B.S. from James Madison University.
Max Tingyao Lin
S&P Global Commodity Insights – CI Editorial
Max has been writing about energy and shipping from Asia and Europe for various news organizations for more than a decade. Bilingual in English and Mandarin Chinese, Max was once named Seahorse Journalist of the Year and shortlisted for Royal Statistical Society’s Statistical Excellence in Journalism Awards for his works.
Max holds a Master of Art with Distinction in international journalism from the University of Westminster.
Byron McKinney
Trade Finance and Compliance Solutions,
S&P Global Market Intelligence
Byron McKinney is a director for trade finance and compliance solutions at S&P Global Market Intelligence, where he focuses on assisting international firms managing their sanctions risk in respect to shipping and export control. He has over 20 years of experience across the commodity and trade finance markets gained from leading commercial business teams at IHS Markit, Accuity and Reuters. Byron’s current working interest is the delivery of an AI assisted export licence classification service for country specific control lists. Byron has contributed to articles in Politico, Global Trade Review and Trade Winds and has authored papers on maritime sanctions evasion and the identification of strategic goods risk in trade documentation. He holds a BA (Hons) degree in Economic History and continues to learn Farsi.
Moderator
Alexander Witt CSS
Sanctions & Export Controls Consultant
ACSS
Customer Testimonials
“I really appreciated the detail and references on the slides, very helpful”.
“Great job. Very informative”.