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Sherman A1

(38,958 posts)
Tue Mar 15, 2022, 09:57 AM Mar 2022

Russia Dropped from Ship Certification Body as Sanctions Bite

The world's top association of ship certifiers has withdrawn membership from the Russia Maritime Register of Shipping (RS) due to the impact of sanctions on Moscow after its invasion of Ukraine, in another blow to the country's vital shipping sector.

Classification societies provide services such as checking that ships are seaworthy, and this certification cover is essential for securing insurance and entry into ports.

In recent days, Britain's LR and Denmark's DNV, have both announced they were stopping or winding down their business ties with Russia.

The International Association of Classification Societies (IACS), which had 12 members previously including LR and DNV and forms the top tier of ship certifiers globally, said late on Friday it was withdrawing RS' membership with immediate effect, which it said was "no longer tenable", citing UK sanctions on Russia where IACS is domiciled.

https://www.marinelink.com/news/russia-dropped-ship-certification-body-494992

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Russia Dropped from Ship Certification Body as Sanctions Bite (Original Post) Sherman A1 Mar 2022 OP
Many Russian-owned ships are registered in offshore tax havens C_U_L8R Mar 2022 #1
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