Rise in Sanctioned 'Shadow' Fleet Causing Safety Concerns Among Shippers, Report Says
The number of ships carrying sanctioned fuel has increased in recent years, creating a “shadow” fleet of tankers that operate without insurance or oversight, Reuters reported March 23. Industry observers fear the rise in shadow vessels could “undermine decades-long industry…
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efforts to increase shipping safety,” particularly as more vessels turn to carrying sanctioned Russian and Iranian energy shipments. The report tracked at least eight groundings, collisions or near misses involving tankers carrying sanctioned energy products last year, adding that the shadow fleet is estimated to include at least 400 to 600 ships, about a fifth of the total global crude oil tanker fleet.