EU Sanctions Cause Ripple Effect: Nayara Energy Faces Stranded Cargo, Contract Terminations

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Due to EU sanctions targeting Moscow and its oil trade, three ships carrying oil products from Nayara Energy are currently unable to unload their cargo. Nayara Energy, which runs India’s third-largest refinery, is majority-owned by Russian entities, including Rosneft. The sanctions, imposed on July 18, 2025, have led shippers and traders to stop handling the company’s products. Nayara has called the sanctions illegal and unjustified, and has been forced to reduce operations at its crude unit because of storage limitations.

Tankers Stranded with Nayara’s Cargo

Several tankers carrying Nayara Energy’s products are currently stranded:

  • Alora: This tanker, chartered by Nayara and loaded with 60,000 metric tons of jet fuel, has been anchored off Portugal’s Sines Port since July 18. Although the cargo has been paid for, the ship cannot discharge it because EU oil surveyors and other parties are unwilling to deal with products linked to sanctions.
  • Em Zenith: This vessel, carrying 40,000 tons of diesel for bunker fuel blending, is anchored in the Malacca Straits, unable to reach its scheduled destination in Malaysia.
  • Pacific Martina: Chartered by Shell, this tanker has been near the Gulf of Oman for over a week with 60,000 tons of jet fuel from Nayara, and is currently without a buyer.

Broader Impact on Nayara’s Shipping Activities

The sanctions have also caused a wider disruption to Nayara’s shipping schedule. In the previous week, a crude tanker was rerouted from the company’s Vadinar Port, and two other product tankers skipped their planned diesel loadings. Some vessel owners are reportedly seeking to terminate their contracts with Nayara.

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Source: Marine Insight