A report from Allianz SE highlights the serious environmental and safety risks posed by a burgeoning “shadow fleet” of oil tankers carrying sanctioned Russian crude. Over the past three years, as international sanctions on Russian […]
Moving Russian oil through Europe has come under far greater scrutiny in recent weeks with the bloc widely expected to take further measures against the so-called shadow fleet when further European Union sanctions are unveiled […]
To unwind the shadow fleet of tankers too quickly could cause a severe global economic shock, a new report has warned. The grey tanker fleet – as tracked by brokers BRS – has grown in […]
Daily Standup Top Stories Tesla Partners with Baidu for Full Self-Driving Rollout in China April 29, 2024 Mariel Alumit Tesla’s FSD system has been approved for use in China, the world’s largest car market. Tesla has […]
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 […]
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