Lloyd's List is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

Printed By

UsernamePublicRestriction

Barbados flag targeted by dark fleet owners shipping sanctioned crude

Iran-linked Young Yong, which was sanctioned by the US, is the latest tanker signalling that it has reflagged in Barbados after being kicked out of Djibouti

Five tankers flagged with Barbados over the past nine months are part of a flag-hopping fleet of 300-plus tankers whose beneficial owners cannot be traced and which are solely deployed in sanctioned oil trades

BARBADOS is the latest registry targeted by flag-hopping shipowners engaged in shipping sanctioned Russian, Venezuelan and Iranian oil trades.

Five tankers from the so-called dark fleet have reflagged to the island’s registry, including the infamous very large crude carrier formerly known as Young Yong, which switched after being kicked out of Djibouti.

VLCC Saint Light (IMO: 9194127), formerly Young Yong, ran aground off Indonesia at the end of October, and was then sanctioned by the US, along with other tankers linked to Ukrainian national Victor Artemov engaged in a Venezuelan and Iran oil smuggling network.

The tanker switched to the Barbados registry this month, according to data from Lloyd’s List Intelligence, joining two aframax and one panamax tankers with anonymous shelf companies as registered owners that have joined Barbados over the past nine months with links to sanctioned trading.

The provenance of a fifth, much smaller tanker flagged with Barbados is uncertain. The 3,285 dwt Alpine’s (IMO: 9667382) registered owner is Jiangsu Provincial Trade Corp, according to Lloyd’s List Intelligence, which has it built in 2019. The Equasis database has the tanker launched in 2022 and the owner as AAA Maritime Shipping SA, based in Sharja in the United Arab Emirates.

The Barbados flag registry has been approached for comment.

Barbados is among a dozen smaller registries targeted by the so-called dark fleet, which has grown to 300-plus vessels now deployed in sanctioned oil trades shipping more than 2m barrels per day of crude from Iran, Venezuela and Russia.

They take their name from switching off their automatic identification system transponders that transmit heir location in order to hide movements related to loading and transferring sanctioned oil, a practice known as ‘going dark.’

Flag-hopping — the repeated switching of flags to obfuscate ownership and identity — has seen tankers use registries including Samoa, Nauru, Belize, Cook Islands, Tanzania, Gabon, Cameroon, Palau, Kiribati, St Kitts & Nevis, Sierra Leone and Sao Tome & Principe, Lloyd’s List research shows.

The Barbados-flagged, 2009-built aframax tanker Volans (IMO: 9422988) conducted a ship-to-ship transfer in international waters at South Korea’s Hasdong anchorage in early January with Russian-owned aframax tanker Viktor Titov (IMO: 9301407), which earlier loaded at De Kastri oil terminal on the federation’s eastern coast.

The second aframax, Road (IMO: 9229362), along with panamax tanker Parine (IMO: 9257503), was formerly owned by US-sanctioned, India-based Peridot Ship Management until April 2022, when both changed names and ownership. The new owner of these two vessels is based in Amjan in the United Arab Emirates and is called Al Anchor Ship Management FZE. Both vessels have been reflagged to Barbados from Djibouti.

Peridot Ship Management was sanctioned in February 2022 as part of Peridot Shipping & Trading, and was said by the US Office of Foreign Assets Control to be connected to an individual called Chiranjeev Kumar Singh.

Mr Singh, who is also linked to UAE-based Aurum Ship Management, was accused by the US of selling and shipping Iranian crude. He has owned several other sanctioned ships, which have since been reflagged to other registries, including Cameroon.

Both Road and Parine have gaps in their automatic identification system signals in areas known for ship-to-ship transfers of Iranian crude, with the former vessel also spoofing its location in mid-November.

These deceptive shipping practices, along with flag-hopping and numerous vessel and ownership changes, are hallmarks of the dark fleet.

Related Content

Topics

  • Related Vessels
  • Related Companies
  • Related Places
  • UsernamePublicRestriction

    Register

    LL1143592

    Ask The Analyst

    Please Note: You can also Click below Link for Ask the Analyst
    Ask The Analyst

    Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

    All fields are required.

    Please make sure all fields are completed.

    Please make sure you have filled out all fields

    Please make sure you have filled out all fields

    Please enter a valid e-mail address

    Please enter a valid Phone Number

    Ask your question to our analysts

    Cancel