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Splash247
market March 6, 2026

US Grants Waiver for Russian Crude Delivery to India Amid Sanctions

The US Treasury has issued a 30-day waiver permitting Indian refiners to accept Russian-origin crude and petroleum cargoes already loaded on tankers, as reported by Splash247. This move aims to mitigate the impact of the ongoing conflict between Iran and the US/Israeli coalition, which has disrupted tanker operations in the Middle East.

Splash247
fleet March 6, 2026

Mangalia Shipyard Seeks Strategic Investor Amid Restructuring

Damen Shipyards Mangalia in Romania is advancing its insolvency restructuring as judicial administrator Casa de Insolvență Transilvania (CITR) has submitted a reorganization plan, reports Splash247. The shipyard, under insolvency since June 2024, aims to transfer its business to a strategic investor to resume full operations and preserve jobs.

Splash247
accidents March 6, 2026

Operation Epic Fury Sparks Maritime Tensions

Splash247 reports on the first week of Operation Epic Fury, a joint effort by the Trump administration and Israel to counter perceived threats from Iran, resulting in attacks on ships, oil spills, and stranded seafarers. The operation has led to soaring tanker rates and increased bunker costs, with 20,000 seafarers and 3,200 vessels affected. The ongoing conflict highlights the significant impact on maritime operations.

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