Tracking Sanctions at Sea: Aframax Surge and Geopolitical Fallout
Through our analysis, we provide commentary that charts the rise of vessel sanctions. Leveraging the new Signal Ocean Platform sanctioned vessel feature, you can seamlessly explore market trends, track the evolving sanctioning patterns against vessels, and monitor the latest developments. As geopolitical tensions drive sanctions, cargo, and freight costs continue to fluctuate; this tool enables valuable insight into this ever-changing landscape. So far, this tool has identified how Aframaxes have been continually disproportionately targeted in attempts to reduce the oil export revenue of sanctioned nations.
Sanctioned vessels: Definitions and overview
The Signal Ocean Platform empowers maritime professionals with up-to-date, actionable insights by tracking sanctioned vessels flagged by at least one global authority, with data from the EU, UN, OFAC, and OFSI. Our comprehensive sanctions data spans back to 2012, with a significant increase following the Russian invasion of Ukraine and a notable spike in 2018 tied to renewed OFAC sanctions on Iran. Since 2022 alone, we’ve identified hundreds of vessels newly added to sanctions lists, giving critical visibility to manage risk, maintain compliance, and make informed decisions.
