NEWSLETTER
www.lethagencies.com
YOUR PREFERRED AGENT IN MARITIME HOTSPOTS Jun 2026Issue 009
If you have questions about the statistics in this article or require further information, please reach out to our team at:
[email protected]
Welcome to this month’s update from LETH! As the maritime industry navigates new challenges, we’re here to keep you informed on
the latest developments and updates.
Featured This Month:
CBS Shipping Union Gala 2026Skaw Passings UpdateBALTIC REGION SECURITY UPDATE
Skaw Passings Update : May 15 - Jun 15
Source: Lloyds AIS, Observed Data
Skaw passings Per Month Total Northbound Southbound
Crude
Tanker
Product
Tanker
Dry Bulk
Container /
General
Cargo
Other TankersGas Carrier
Monthly Average 2930 1468 1462 247 155 509 1407 411 201
May 15 - Jun 15 3316 1661 1655 293 171 524 1617 508 201
BALTIC REGION SECURITY UPDATE
Update from our analyst at Ambrey
The Baltic Sea security environment continued to evolve over the
past month, characterised by Ukrainian long-range strikes against
Russian maritime infrastructure, the continued expansion of
grey-zone maritime activity, and new evidence supporting
long-held concerns regarding the integration of commercial
shipping into Russia's wider security and intelligence architecture.
In response to increasing scrutiny from Western governments,
sanctions enforcement bodies, and maritime authorities, there has
been a notable shift in flagging practices among vessels involved in
Russian hydrocarbon exports.
Since the start of the conflict, the deadweight tonnage of Russia's
nationally flagged tanker fleet has reportedly increased by
approximately 38%. Whereas a significant proportion of Russian oil
exports were previously transported under flags of convenience
such as Palau, Cameroon, and other open registries, an increasing
number of vessels are now operating under the Russian flag.
This trend likely reflects an attempt to mitigate growing regulatory
pressure and enforcement actions directed at vessels operating
under third-country registries while supporting Russian energy
exports. However, the transition may also reinforce perceptions that
these vessels are operating more closely within Russia's strategic and
political framework, potentially attracting additional scrutiny from
authorities..
Meanwhile, the increasing integration of commercial shipping into
Russia's wider security architecture, combined with the ongoing
reflagging of vessels under the Russian flag, demonstrates that the
Baltic Sea is becoming an increasingly important arena for grey-zone
competition. As a result, vessel operators, insurers, and port
stakeholders should expect heightened scrutiny, evolving security
procedures, and continued operational disruption across the region. YOUR PREFERRED AGENT IN MARITIME HOTSPOTS
MaltaPanama SpainGibraltarDenmarkEgyptSingaporeTurkey
LETH NEWSLETTER Jun 2026
If you have questions about the statistics in this article or require further information, please reach out to our team at:
[email protected]
Add your body text
Leth was proud to sponsor this year's CBS Shipping Union
Gala and support an event that brings together students,
industry professionals, and future maritime leaders. We
were especially pleased to see both our interns and
employees in attendance, creating valuable opportunities
for networking, knowledge sharing, and strengthening
connections across the industry.
Events like these play an important role in building
relationships that help drive collaboration and innovation
within the maritime sector. We greatly appreciate the
efforts of the organizers and everyone who contributed to
making the evening a success.
We look forward to continuing our support of similar
initiatives and to hosting and sponsoring more industry
events in the future.
CBS Shipping Union Gala
NEWSLETTER
www.lethagencies.com
YOUR PREFERRED AGENT IN MARITIME HOTSPOTS Jun 2026Issue 009
If you have questions about the statistics in this article or require further information, please reach out to our team at:
[email protected]
Welcome to this month’s update from LETH! As the maritime industry navigates new challenges, we’re here to keep you informed on
the latest developments and updates.
Featured This Month:
CBS Shipping Union Gala 2026Skaw Passings UpdateBALTIC REGION SECURITY UPDATE
Skaw Passings Update : May 15 - Jun 15
Source: Lloyds AIS, Observed Data
Skaw passings Per Month Total Northbound Southbound
Crude
Tanker
Product
Tanker
Dry Bulk
Container /
General
Cargo
Other TankersGas Carrier
Monthly Average 2930 1468 1462 247 155 509 1407 411 201
May 15 - Jun 15 3316 1661 1655 293 171 524 1617 508 201
BALTIC REGION SECURITY UPDATE
Update from our analyst at Ambrey
The Baltic Sea security environment continued to evolve over the
past month, characterised by Ukrainian long-range strikes against
Russian maritime infrastructure, the continued expansion of
grey-zone maritime activity, and new evidence supporting
long-held concerns regarding the integration of commercial
shipping into Russia's wider security and intelligence architecture.
In response to increasing scrutiny from Western governments,
sanctions enforcement bodies, and maritime authorities, there has
been a notable shift in flagging practices among vessels involved in
Russian hydrocarbon exports.
Since the start of the conflict, the deadweight tonnage of Russia's
nationally flagged tanker fleet has reportedly increased by
approximately 38%. Whereas a significant proportion of Russian oil
exports were previously transported under flags of convenience
such as Palau, Cameroon, and other open registries, an increasing
number of vessels are now operating under the Russian flag.
This trend likely reflects an attempt to mitigate growing regulatory
pressure and enforcement actions directed at vessels operating
under third-country registries while supporting Russian energy
exports. However, the transition may also reinforce perceptions that
these vessels are operating more closely within Russia's strategic and
political framework, potentially attracting additional scrutiny from
authorities..
Meanwhile, the increasing integration of commercial shipping into
Russia's wider security architecture, combined with the ongoing
reflagging of vessels under the Russian flag, demonstrates that the
Baltic Sea is becoming an increasingly important arena for grey-zone
competition. As a result, vessel operators, insurers, and port
stakeholders should expect heightened scrutiny, evolving security
procedures, and continued operational disruption across the region. YOUR PREFERRED AGENT IN MARITIME HOTSPOTS
MaltaPanama SpainGibraltarDenmarkEgyptSingaporeTurkey
LETH NEWSLETTER Jun 2026
If you have questions about the statistics in this article or require further information, please reach out to our team at:
[email protected]
Add your body text
Leth was proud to sponsor this year's CBS Shipping Union
Gala and support an event that brings together students,
industry professionals, and future maritime leaders. We
were especially pleased to see both our interns and
employees in attendance, creating valuable opportunities
for networking, knowledge sharing, and strengthening
connections across the industry.
Events like these play an important role in building
relationships that help drive collaboration and innovation
within the maritime sector. We greatly appreciate the
efforts of the organizers and everyone who contributed to
making the evening a success.
We look forward to continuing our support of similar
initiatives and to hosting and sponsoring more industry
events in the future.
CBS Shipping Union Gala
