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Mission Improbable: Sanctions entrench unregulated subterfuge tanker fleet

Just who is liable for accidents, oil spills or crew welfare for some 130 tankers shipping US-sanctioned Venezuelan and Iranian crude through some of the world’s busiest waterways?

A Lloyd’s List and Lloyd’s List Intelligence special investigation concludes by scrutinising the network of fake addresses, false declarations and absence of due diligence that’s allowing the Iranian and Venezuelan-linked shipowners to ship millions of barrels of oil without penalty or insurance. This is part four of a series using data compiled from Lloyd’s List Intelligence to shine a light one of the darkest and opaque sub-sectors of energy commodities shipping

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