Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & 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.

    1. Home
    2. >Finance
    3. >Owner seeks release of oil tanker seized in Finland cable probe
    Finance

    Owner Seeks Release of Oil Tanker Seized in Finland Cable Probe

    Published by Global Banking & Finance Review®

    Posted on December 30, 2024

    2 min read

    Last updated: January 27, 2026

    Add as preferred source on Google
    The image depicts the oil tanker Eagle S, which has been seized by Finnish authorities during a probe into damage to undersea power and telecom cables, highlighting tensions in Baltic Sea security.
    Oil tanker Eagle S in Finnish waters amid legal dispute over seizure - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

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

    Subscribe

    Quick Summary

    Finland seized an oil tanker suspected of damaging undersea cables. The owner seeks its release, claiming no legal basis for the seizure.

    Owner Seeks Release of Seized Oil Tanker in Finland

    HELSINKI (Reuters) - The owner of an oil tanker seized by Finland on suspicion of breaking an undersea power line and four telecoms cables in the Baltic Sea last week is seeking the release of the ship, a lawyer representing the company said on Monday.

    Finnish police and coast guard officials boarded the Cook Islands-registered Eagle S on Thursday and brought it to a location near a Finnish port where crew members are being questioned.

    Baltic Sea nations have been on high alert after a string of outages of power cables, telecom links and gas pipelines since Russia invaded Ukraine in 2022. NATO said on Friday it would boost its presence in the region.

    Investigators said they believed the Eagle S on Dec. 25 broke the Estlink 2 undersea power cable linking Finland and Estonia, and severed or damaged four fibre optic lines by dragging its anchor across the seabed for dozens of kilometres.

    Finland's president last week said he believed further damage would have occurred on the seabed had the ship not been stopped.

    Finland's customs service has said it believes the Eagle S is part of a shadow fleet of ageing tankers being used to evade sanctions on the sale of Russian oil, and has formally impounded its cargo although it is still on board the ship.

    The owner of the Eagle S, United Arab Emirates-based Caravella LLC FZ, filed a request with the Helsinki District Court on Monday to cancel the seizure of the ship.

    Finnish lawyer Herman Ljungberg, who filed the documents on behalf of the company, said authorities had not provided any explanation of the legal basis for taking the vessel into custody and boarding it.

    "The Finns have hijacked a vessel," Ljungberg told Reuters.

    He said the crew had been interrogated by investigators without any legal assistance and that they had been deprived of sleep.

    A police spokesperson said the seizure of the vessel had taken place according to Finnish law and that crew members had been informed of their rights, including that of legal assistance.

    They had not been deprived of sleep, the spokesperson added.

    (Reporting by Essi Lehto in Helsinki, Stine Jacobsen in Copenhagen and Andrius Sytas in Vilnius, writing by Terje Solsvik, editing by Andrew Heavens)

    Key Takeaways

    • •An oil tanker was seized by Finland for allegedly damaging undersea cables.
    • •The tanker is suspected to be part of a shadow fleet evading sanctions.
    • •The owner has filed a request to cancel the ship's seizure.
    • •Crew members were questioned without legal assistance, claims lawyer.
    • •NATO plans to increase its presence in the Baltic Sea.

    Frequently Asked Questions about Owner seeks release of oil tanker seized in Finland cable probe

    1What is the main topic?

    The article discusses the seizure of an oil tanker in Finland suspected of damaging undersea cables.

    2Why was the oil tanker seized?

    It was seized on suspicion of breaking an undersea power line and telecom cables in the Baltic Sea.

    3Who owns the seized oil tanker?

    The tanker is owned by United Arab Emirates-based Caravella LLC FZ.

    More from Finance

    Explore more articles in the Finance category

    Image for Unilever sued for defamation by ousted chair of Ben & Jerry's board
    Unilever Sued for Defamation by Ousted Chair of Ben & Jerry's Board
    Image for Europeans to press US over Russian support for Iran
    Europeans to Press US Over Russian Support for Iran
    Image for Trading Day: Sell everything (except oil)
    Trading Day: Sell Everything (except Oil)
    Image for Exclusive-US deploys uncrewed drone boats in conflict with Iran
    Exclusive-US Deploys Uncrewed Drone Boats in Conflict With Iran
    Image for Rugby-English Prem to introduce "salary floor"
    Rugby-English Prem to Introduce "salary Floor"
    Image for EU reaches deal to fine online platforms importing products deemed unsafe
    EU Reaches Deal to Fine Online Platforms Importing Products Deemed Unsafe
    Image for Ukraine using strikes to pressure Russia after oil sanctions eased, Zelenskiy says
    Ukraine Using Strikes to Pressure Russia After Oil Sanctions Eased, Zelenskiy Says
    Image for BoE's Taylor says rates should be held until war impact on economy is clearer
    BoE's Taylor Says Rates Should Be Held Until War Impact on Economy Is Clearer
    Image for UBS halts withdrawals from $469 million real estate fund for up to 3 years
    UBS Halts Withdrawals From $469 Million Real Estate Fund for up to 3 Years
    Image for Hungary government accuses journalist of spying for Ukraine
    Hungary Government Accuses Journalist of Spying for Ukraine
    Image for Dutch court orders xAI, Grok not to create, distribute non-consensual sex images in Netherlands
    Dutch Court Orders XAI, Grok Not to Create, Distribute Non-Consensual Sex Images in Netherlands
    Image for Iran hardliners ramp up calls for a nuclear bomb, sources say
    Iran Hardliners Ramp up Calls for a Nuclear Bomb, Sources Say
    View All Finance Posts
    Previous Finance PostAustria's Signa Development Heads for Bankruptcy Proceedings
    Next Finance PostIsrael, at Un, Warns Houthis Risk Sharing the Same Fate as Hamas, Hezbollah