UK-based International Group of P&I Clubs, a global insurance company, says a growing shadow fleet is making it less and less viable to police the G7 price cap on Russian oil, Bloomberg News reports, citing […]
G-R / Marine Traffic There is now clear data to show that sanctions are hurting Russian seaborne exports of crude. As of a month ago, the number of ballast vessels which last lifted Russian crude […]
EuropeTankers Ministry of Transportation Republic of Indonesia Luxembourg-headquartered broker BRS has warned the grey fleet is likely to become darker as more focused sanctions squeeze Russia’s export options. The grey tanker fleet – ships hauling Venezuelan, […]
For months, as Iran-backed groups attacked U.S. forces and allies in the Middle East, the Biden administration hailed its efforts to restrict Iran’s oil revenue — and the country’s ability to fund proxy militias. The […]
With the numbers of the so-called shadow tanker fleet peaking 10 months ago, there’s now evidence that many of the oldest vessels are being primed for scrap, though getting a good demo price for these […]
The Union of Greek Shipowners (UGS) 2022 – 2023 annual report said the country’s shipowners control 21% of the global merchant fleet in deadweight tonnage terms. The 5,520-vessel strong Greek merchant fleet having grown by […]
At least 17 shipments by eight different tankers have delivered more than 16 million barrels of Iranian oil to Syria over the past six months, according to publicly available data. The “ghost tankers” have docked […]
Russian oil is still finding its way to buyers around the world. But even those who spend their days tracking its movement across oceans struggle to work out exactly who is ferrying it. As Western sanctions against […]
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