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Paul Peachey

London Correspondent at TradeWinds

Reporter for global shipping news site TradeWinds

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Articles

  • Suezmax avoids Houthi missiles, but fails to evade British sanctions

    6 days ago | tradewindsnews.com | Paul Peachey

    One of the 100 Russia-linked tankers blacklisted by the British government on Friday was targeted in a Houthi sea drone attack in the Red Sea last year because of its supposed UK affiliation. Video released by the Houthi regime showed flames and black smoke belching from the 163,300-dwt Cordelia Moon (built 2013) after the drone punctured a ballast tank off the coast of Yemen on 1 October.

  • Europe’s power conundrum is proving an impossible puzzle

    6 days ago | tradewindsnews.com | Paul Peachey

    Despite three years of war, 16 sanctions packages and a ban on seaborne oil imports, the European Union is still grappling with ways to reduce its reliance on Russian energy. This week it came up with its latest plan: end all Russian gas imports by 2027, crack down on the shadow fleet and promote renewables.

  • ‘Challenging year’: Skuld hit by claims surge as insurer racks up worst underwriting results in almost a decade

    6 days ago | tradewindsnews.com | Paul Peachey

    Norwegian insurer Skuld has reported its worst underwriting results for at least nine years after a burst of costly claims in the final month of the financial year. The Oslo-based insurer said 2024 was a “historically challenging year” after the club was hit by a surge in claims of $0.5m to $2m among its fleet, along with a raft of major claims that are shared between the biggest protection and indemnity (P&I) players.

  • Russian insurer and Norwegian rogue trader targeted in UK blacklistings

    6 days ago | tradewindsnews.com | Paul Peachey

    The UK renewed its campaign against the Russian maritime insurance sector on Friday with the blacklisting of Moscow-based Soglasie in its latest round of sanctions. The move against Soglasie comes after the Indian government added the insurer to the list of companies approved to supply protection and indemnity (P&I) cover to vessels calling at its ports.

  • UK shipping company fined after Sovcomflot sanctions probe

    1 week ago | tradewindsnews.com | Paul Peachey

    A UK-registered shipping business has been fined £5,000 ($6,660) for failing to cooperate with a “large and complex” investigation into an ultimately unfounded sanctions breach linked to Russian tanker player Sovcomflot. Svarog Shipping & Trading Company was found to have been involved in a transaction with an SCF subsidiary but failed to respond rapidly to a January 2024 request for information from the UK sanctions regulator.

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Paul Peachey
Paul Peachey @Peachey_Paul
26 Jun 23

RT @DdesimoneDaniel: Stephen was murdered 30 years ago. He was simply heading home While investigating the case, it became clear how many…

Paul Peachey
Paul Peachey @Peachey_Paul
1 Sep 22

RT @colinfreeman99: Sad but proud to have written this obituary for my old Sunday Telegraph colleague Adam Lusher - roving feature writer a…

Paul Peachey
Paul Peachey @Peachey_Paul
21 Jul 22

RT @EmilyPennink: “Read this and don’t get sued” - sage advice from my friend and @PA colleague ⁦⁦@bysianharrison⁩, new face and brain of t…