Jul 29, 2024
Dark fleets and Sanctions
We now have two worlds of international commerce, as a result of trade wars and the Ukraine-Russia conflict. As the Western world, principally the EU, UK and related countries and the US look to tighten sanctions on Russian oil exports, some shipowners are finding creative ways to get around the rules set by the West. One important escape hatch is to flag ships with a Flag State that doesn’t…
#Cook Islands Flag State#Cook Islands top 30 Flag State#dark fleet#Dubai shadow gas carrier fleet#environmental provisions#Flag State#Indian oil imports#international commerce#LNG shadow fleet#logistical constraints#Russian crude oil#Russian oil exports#Russian oil trade#safety provisions#sanctioned oil#ship-to-ship transfers#shipowners#substandard ships#Ukraine-Russia conflict#Western sanctions