Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > France investigates suspected 'shadow fleet' oil tanker anchored off coast
    Headlines

    France investigates suspected 'shadow fleet' oil tanker anchored off coast

    France investigates suspected 'shadow fleet' oil tanker anchored off coast

    Published by Global Banking and Finance Review

    Posted on September 30, 2025

    Featured image for article about Headlines

    By Gabriel Stargardter

    PARIS (Reuters) -The French Navy said on Tuesday that authorities were investigating a possible infraction by the oil tanker Boracay, a vessel suspected of belonging to the so-called "shadow fleet" involved in the Russian oil trade.

    The vessel is listed under British and European Union sanctions against Russia. It was detained by Estonian authorities earlier this year for sailing without a valid country flag. Shadow fleet tankers typically have opaque ownership and insurance and are often more than 20 years old.

    The crude oil tanker left the Russian port of Primorsk on September 20, according to MarineTraffic data. It sailed through the Baltic Sea and over the top of Denmark before entering the North Sea and transiting west through the Channel.

    Ship tracking data shows that the 2007-built tanker was being shadowed by a French warship after it rounded France's northwestern tip, before altering course and heading east towards the French coast. It is currently at anchor near Saint Nazaire.

    CREW FAIL TO PROVE VESSEL'S NATIONALITY 

    The French Navy said an investigation was underway. The Brest prosecutor told Reuters a probe had been opened after the crew failed to provide proof of the vessel's nationality and failed to comply with orders.

    Britain and the EU imposed separate sanctions on the crude oil tanker in October 2024 and February 2025.

    The EU said the vessel was linked to the transport of Russian crude oil and petroleum products "while practising irregular and high-risk shipping practices".

    Britain said the vessel was "involved in activity whose object or effect is to destabilise Ukraine … or to obtain a benefit from or support the government of Russia" in the transport of oil or oil products that originated in Russia to a third country.

    The vessel, which changed its name to Boracay - or on some shipping databases Pushpa - in December 2024, was previously named Kiwala. Ships keep the same IMO identification number throughout their lives, but they may change names.

    (Reporting by Gabriel Stargardter in Paris, Jonathan Saul and Tom Balmforth in London, Nerijus Adomaitis in Oslo; writing by Richard Lough; Editing by Ed Osmond and Hugh Lawson)

    Related Posts
    Sanofi shares fall on twin trouble for experimental multiple scleroris drug
    Sanofi shares fall on twin trouble for experimental multiple scleroris drug
    Ukraine peace talks stretch into second day at start of pivotal week for Europe
    Ukraine peace talks stretch into second day at start of pivotal week for Europe
    Paris Louvre museum to stay closed all Monday due to strike, union representatives to BFM TV
    Paris Louvre museum to stay closed all Monday due to strike, union representatives to BFM TV
    German economy recorded robust start to fourth quarter, says ministry
    German economy recorded robust start to fourth quarter, says ministry
    Russian anti-Kremlin punk band 'Pussy Riot' designated an extremist organisation by court
    Russian anti-Kremlin punk band 'Pussy Riot' designated an extremist organisation by court
    Iranian Nobel laureate hospitalised twice after 'violent arrest', say family
    Iranian Nobel laureate hospitalised twice after 'violent arrest', say family
    German watchdog slaps online bank N26 with sanctions and more oversight
    German watchdog slaps online bank N26 with sanctions and more oversight
    China to fall out of Germany's top five export destinations for first time since 2010
    China to fall out of Germany's top five export destinations for first time since 2010
    Opening at Paris Louvre museum delayed as employees discuss possible strike
    Opening at Paris Louvre museum delayed as employees discuss possible strike
    Oil tanker rates to stay strong into 2026 as sanctions remove ships for hire
    Oil tanker rates to stay strong into 2026 as sanctions remove ships for hire
    Czech president appoints Prime Minister Babis' government
    Czech president appoints Prime Minister Babis' government
    Switzerland's KOF institute expects economic growth to slow next year despite trade deal
    Switzerland's KOF institute expects economic growth to slow next year despite trade deal

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Previous Headlines PostBrussels airport to cancel all outgoing flights on Oct 14 due to national strike
    Next Headlines PostGlobal currency trading closing in on $10 trillion a day

    More from Headlines

    Explore more articles in the Headlines category

    Tariff reduction helps Swiss government to lift growth forecast

    Tariff reduction helps Swiss government to lift growth forecast

    Germany to offer refuge to two freed Belarus opposition leaders

    Germany to offer refuge to two freed Belarus opposition leaders

    Analysis-Australia PM Albanese faces Israel pressure after Bondi Beach attack

    Analysis-Australia PM Albanese faces Israel pressure after Bondi Beach attack

    Russia's central bank seeks $230 billion in damages from Belgium's Euroclear, Moscow court says

    Russia's central bank seeks $230 billion in damages from Belgium's Euroclear, Moscow court says

    EU to broaden Belarus sanctions to include hybrid activity, Lithuania says

    EU to broaden Belarus sanctions to include hybrid activity, Lithuania says

    EU yields to pressure from automakers as it rethinks 2035 combustion car ban

    EU yields to pressure from automakers as it rethinks 2035 combustion car ban

    Cricket-England bring in Tongue for Atkinson for third Ashes test

    Cricket-England bring in Tongue for Atkinson for third Ashes test

    Analysis-Wild currency swings put emerging markets in the spotlight

    Analysis-Wild currency swings put emerging markets in the spotlight

    Ex-South Korea President Yoon tried to provoke Pyongyang into armed aggression, prosecutor says

    Ex-South Korea President Yoon tried to provoke Pyongyang into armed aggression, prosecutor says

    UK MI6 spy chief warns of 'aggressive' Russia threat in first speech

    UK MI6 spy chief warns of 'aggressive' Russia threat in first speech

    UK regulation of cryptoassets to start in October 2027, finance ministry says

    UK regulation of cryptoassets to start in October 2027, finance ministry says

    US security experts say Ukraine's abandonment of NATO goal will not alter peace talks

    US security experts say Ukraine's abandonment of NATO goal will not alter peace talks

    View All Headlines Posts