A "shadow fleet" refers to aging, often uninsured tankers that secretly transport oil, evading sanctions and price caps. These vessels obscure their location and cargo ownership, frequently using ship-to-ship transfers. Primarily benefiting sanctioned nations like Russia and Iran, the fleet provides access to global markets, while creating significant environmental and maritime safety risks for coastal states and legitimate shipping operators.
Get alerts when this topic surges in newsletters. Free to start.
Sign up freeExplore more trends:Trending Topics ·AI Trends ·Business Trends ·Finance Trends ·Technology Trends