What We Know About the Shadow Fleet Handling Putin’s Oil,Has a “shadow fleet” of oil tankers been amassed to help Russia evade sanctions and price caps on its energy exports? That’s the belief of a growing number of observers in the oil trading community who have been tracking mysterious purchases of hundreds of old tankers by undisclosed buyers and other signs of suspicious activity. In addition to weakening the sanctions, the growth of this shadow fleet could drive up shipping costs in general, they say.
What We Know About the Shadow Fleet Handling Putin’s Oil
Has a “shadow fleet” of oil tankers been amassed to help Russia evade sanctions and price caps on its energy exports? That’s the belief of a growing number of observers in the oil trading community who have been tracking mysterious purchases of hundreds of old tankers by undisclosed buyers and other signs of suspicious activity. In addition to weakening the sanctions, the growth of this shadow fleet could drive up shipping costs in general, they say.
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