Last year was about installing an unparalleled network of sanctions restricting trade. 2023 is going to be defined by increasingly aggressive enforcement regime as Western governments seek to close off the loopholes and make examples of those who have continued to skirt restrictions
The links between private registries that manage small flags on behalf of governments of Caribbean islands and African countries and dark fleet shipowners are neither transparent nor fully understood
Nexus between India, Russia, United Arab Emirates and tankers used for transporting sanctioned oil takes hold as Sovcomflot transfers shipmanagement operations to Dubai from Cyprus
Pacific Island flag says there is a line between ‘legal and ethical’ as Western governments step up pressure on open registries as tankers circumvent sanctions
Sanctioned oil is being transferred in international waters beyond the jurisdiction of port authorities
Case underscores risk and compliance complexities as regulatory shortcomings fail to highlight red flags to marine service providers
Some 440 tankers above 30,000 dwt tonnes, with an average age of 20 years, have been identified as solely deployed in shipping Iranian, Venezuelan and Russian oil
Hundreds of substandard, unclassed, uninsured vessels are routinely hauling Russian oil internationally while avoiding any serious oversight, so why are governments looking the other way and pretending the dark fleet is invisible?
Lloyd’s List investigation finds around 100 tankers shipping sanctioned oil with ISM managers, registered owners or technical managers based in Hong Kong and China
Sanctions have become a go-to diplomatic tool to help achieve foreign policy objectives, and Russia and Iran are two of the most sanctioned countries in the world. Sanctioned vessels may have a limited sphere of operation but restrictions have not led to a cease in trading
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